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New Zealand vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while New Zealand ranked 53rd with $204.9B. By GDP 5-years average growth and GDP per capita, South Korea and New Zealand ranked 93rd vs 72nd and 33rd vs 25th, respectively.

Gross Domestic Product & Income

StatNew ZealandSouth Korea
GDP$204.9B$1.6T
GDP growth, 1 year3%2.7%
GDP growth, 5-years average3.4%3%
Population4.9M51.1M
GDP per capita$42k$31k
GDP per capita growth0.85%2.33%
Purchasing Power Parity conversion factor1.48860.51
Price level ratio of PPP conversion factor GDP to market exchange rate1.020.78
GDP per capita, PPP adjusted$40k$41k
GNI, Atlas method$198.6B$1.6T
GNI per capita$41k$31k
GNI, PPP adjusted$192.5B$2.1T
GNI per capita, PPP adjusted$39k$40k

Financial system and Human development

StatNew ZealandSouth Korea
Income Tax Rate33%42%
Corporate Tax Rate28%25%
Inflation, consumer prices1.6%1.5%
Inflation, GDP deflator1.1%0.3%
Unemployment4.5%3.8%
Economic Freedom Index84.174
Personal Freedom Index9.428.84
Human Freedom Index8.948.15
Property Rights Index93.382.5
Judical Effectiveness Index79.161
Business Freedom Index90.490.5
Fiscal Health Index98.396.7
Labor Freedom Index86.756.2
Investment Freedom Index8070
Financial Freedom Index8070
Trade Freedom Index92.280
Monetary Freedom Index8782.1
Government Spending Index57.867.7
Tax Burden Index7163.9
Government Integrity Index93.967.5
Corruption Perceptions Index8757
Life expectancy at birth, years81.782.6
Suicide mortality rate, per 100,000 people12.126.9
Mortality caused by road traffic injury, per 100,000 people7.89.8
Intentional homicides, per 100,000 people0.70.6
International tourism, number of arrivals3.7M15.3M

Government debt & reserves

StatNew ZealandSouth Korea
Central government debt, % of GDP29.4%40.7%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI13.9%20.1%
Gross savings, % of GDP19.6%34.7%
Gross capital formation, % of GDP23.9%30.2%
Total reserves including gold$17.7B$403.1B
Foreign direct investment net inflows$2.1B$14.5B

Exports, imports and economic structure

StatNew ZealandSouth Korea
Exports of goods and services, % of GDP28.1%44%
Imports of goods and services, % of GDP28.3%39%
Current account balance (balance of payments)-$7.7B$76.4B
Revenue excluding grants, % of GDP33%27.8%
Grants excluding technical cooperation, BoPN/A$6.7M
Personal remittances received$452.5M$7.1B
Industry including construction value added, % of GDP19.2%35.1%
Agriculture, forestry and fishing value added, % of GDP6.6%2%
Charges for the use of intellectual property, payments BoP$912.8M$9.9B
Charges for the use of intellectual property, receipts BoP$540.5M$7.8B
Expense, % of GDP30.7%25.4%
Government Expenditure, % of GDP37.5%32.8%

Compare with countries close by GDP per capita

New Zealand vs

CountryGDP
per capita
Population
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
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
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

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
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
Lithuania
$19k
2.79M