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Nepal vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Nepal ranked 103rd with $29B. By GDP 5-years average growth and GDP per capita, South Korea and Nepal ranked 93rd vs 37th and 33rd vs 170th, respectively.

Gross Domestic Product & Income

StatNepalSouth Korea
GDP$29B$1.6T
GDP growth, 1 year6.3%2.7%
GDP growth, 5-years average4.8%3%
Population29.4M51.1M
GDP per capita$1k$31k
GDP per capita growth4.91%2.33%
Purchasing Power Parity conversion factor34.93860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.330.78
GDP per capita, PPP adjusted$2.9k$41k
GNI, Atlas method$27.2B$1.6T
GNI per capita$970$31k
GNI, PPP adjusted$87.4B$2.1T
GNI per capita, PPP adjusted$3.1k$40k

Financial system and Human development

StatNepalSouth Korea
Income Tax Rate25%42%
Corporate Tax Rate25%25%
Inflation, consumer prices4.2%1.5%
Inflation, GDP deflator6.3%0.3%
Unemployment1.3%3.8%
Economic Freedom Index54.274
Personal Freedom Index7.758.84
Human Freedom Index6.838.15
Property Rights Index40.782.5
Judical Effectiveness Index3261
Business Freedom Index61.690.5
Fiscal Health Index98.196.7
Labor Freedom Index53.756.2
Investment Freedom Index1070
Financial Freedom Index3070
Trade Freedom Index60.480
Monetary Freedom Index71.282.1
Government Spending Index77.967.7
Tax Burden Index83.463.9
Government Integrity Index31.567.5
Corruption Perceptions Index3157
Life expectancy at birth, years70.282.6
Suicide mortality rate, per 100,000 people8.826.9
Mortality caused by road traffic injury, per 100,000 people15.99.8
Intentional homicides, per 100,000 people2.20.6
International tourism, number of arrivals1.2M15.3M

Government debt & reserves

StatNepalSouth Korea
Central government debt, % of GDP30.4%40.7%
External debt stocks, % of GNI18.9%N/A
External debt stocks$5.5BN/A
Short-term debt, % of total reserves3%N/A
Total debt service, % of exports and primary income8.5%N/A
Adjusted net savings including particulate emission damage, % of GNI38.1%20.1%
Gross savings, % of GDP49.5%34.7%
Gross capital formation, % of GDP55.2%30.2%
Total reserves including gold$8.3B$403.1B
Foreign direct investment net inflows$68.2M$14.5B

Exports, imports and economic structure

StatNepalSouth Korea
Exports of goods and services, % of GDP8.9%44%
Imports of goods and services, % of GDP46.3%39%
Current account balance (balance of payments)-$2.8B$76.4B
Revenue excluding grants, % of GDP22.9%27.8%
Grants excluding technical cooperation, BoP$629.7M$6.7M
Personal remittances received$8.3B$7.1B
Industry including construction value added, % of GDP13.5%35.1%
Agriculture, forestry and fishing value added, % of GDP25.3%2%
Charges for the use of intellectual property, payments BoPN/A$9.9B
Charges for the use of intellectual property, receipts BoPN/A$7.8B
Expense, % of GDP19.4%25.4%
Government Expenditure, % of GDP27.2%32.8%

Compare with countries close by GDP per capita

Nepal vs

CountryGDP
per capita
Population
Bangladesh
$1.7k
157M
Kiribati
$1.6k
102k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
14.1M
Cambodia
$1.5k
15.1M
Pakistan
$1.5k
197M
Comoros
$1.4k
735k
Myanmar
$1.3k
53.3M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
3.54M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Sudan
$977
40.5M
Yemen
$944
26.2M
Benin
$902
10M
Mali
$900
18.5M
Guinea
$879
11.6M
Haiti
$868
10.3M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.52M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
11M
Gambia
$716
1.86M
Burkina Faso
$715
19.2M
Togo
$679
6.34M

South Korea vs

CountryGDP
per capita
Population
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
Spain
$30k
46.5M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k