Myanmar vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Myanmar ranked 71st with $71.2B. By GDP 5-years average growth and GDP per capita, South Korea and Myanmar ranked 93rd vs 13th and 33rd vs 164th, respectively.

Gross Domestic Product & Income

StatMyanmarSouth Korea
GDP$71.2B$1.6T
GDP growth, 1 year6.7%2.7%
GDP growth, 5-years average6.8%3%
Population53.4M51.5M
GDP per capita$1.3k$31k
GDP per capita growth5.56%2.33%
Purchasing Power Parity conversion factor290.17860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.290.78
GDP per capita, PPP adjusted$6.2k$41k
GNI, Atlas method$70.2B$1.6T
GNI per capita$1.3k$31k
GNI, PPP adjusted$348.9B$2.1T
GNI per capita, PPP adjusted$6.5k$40k

Financial system and Human development

StatMyanmarSouth Korea
Income Tax Rate20%42%
Corporate Tax Rate30%25%
Inflation, consumer prices5.9%1.5%
Inflation, GDP deflator8.3%0.3%
Unemployment1.6%3.8%
Economic Freedom Index5474
Personal Freedom Index5.968.84
Human Freedom Index4.818.15
Property Rights Index32.582.5
Judical Effectiveness Index14.361
Business Freedom Index53.190.5
Fiscal Health Index84.696.7
Labor Freedom Index59.956.2
Investment Freedom Index3070
Financial Freedom Index2070
Trade Freedom Index70.880
Monetary Freedom Index77.582.1
Government Spending Index87.567.7
Tax Burden Index86.663.9
Government Integrity Index31.567.5
Corruption Perceptions Index2957
Life expectancy at birth, years66.682.6
Suicide mortality rate, per 100,000 people7.826.9
Mortality caused by road traffic injury, per 100,000 people19.99.8
Intentional homicides, per 100,000 people2.30.6
International tourism, number of arrivals3.6M15.3M

Government debt & reserves

StatMyanmarSouth Korea
Central government debt, % of GDP38.2%40.7%
External debt stocks, % of GNI21.5%N/A
External debt stocks$14.9BN/A
Short-term debt, % of total reserves15.6%N/A
Total debt service, % of exports and primary income4.9%N/A
Adjusted net savings including particulate emission damage, % of GNI23.1%20.1%
Gross savings, % of GDP29.2%34.7%
Gross capital formation, % of GDP32.8%30.2%
Total reserves including gold$5.6B$403.1B
Foreign direct investment net inflows$1.3B$14.5B

Exports, imports and economic structure

StatMyanmarSouth Korea
Exports of goods and services, % of GDP20%44%
Imports of goods and services, % of GDP28%39%
Current account balance (balance of payments)-$2.1B$76.4B
Revenue excluding grants, % of GDP15.8%27.8%
Grants excluding technical cooperation, BoP$886.7M$6.7M
Personal remittances received$2.8B$7.1B
Industry including construction value added, % of GDP32.3%35.1%
Agriculture, forestry and fishing value added, % of GDP24.6%2%
Charges for the use of intellectual property, payments BoP$47.3M$9.9B
Charges for the use of intellectual property, receipts BoP$2.6M$7.8B
Expense, % of GDP16.8%25.4%
Government Expenditure, % of GDP20.4%32.8%

Compare with countries close by GDP per capita

Myanmar vs

CountryGDP
per capita
Population
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M

South Korea vs

CountryGDP
per capita
Population
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k