Nicaragua vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Nicaragua ranked 133rd with $13.1B. By GDP 5-years average growth and GDP per capita, South Korea and Nicaragua ranked 93rd vs 91st and 33rd vs 148th, respectively.

Gross Domestic Product & Income

StatNicaraguaSouth Korea
GDP$13.1B$1.6T
GDP growth, 1 year-4%2.7%
GDP growth, 5-years average3%3%
Population6.2M51.5M
GDP per capita$2k$31k
GDP per capita growth-5.02%2.33%
Purchasing Power Parity conversion factor11.57860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.78
GDP per capita, PPP adjusted$5.7k$41k
GNI, Atlas method$13.1B$1.6T
GNI per capita$2k$31k
GNI, PPP adjusted$34.9B$2.1T
GNI per capita, PPP adjusted$5.4k$40k

Financial system and Human development

StatNicaraguaSouth Korea
Income Tax Rate30%42%
Corporate Tax Rate30%25%
Inflation, consumer prices5%1.5%
Inflation, GDP deflator3.4%0.3%
Unemployment4.5%3.8%
Economic Freedom Index57.274
Personal Freedom Index7.418.84
Human Freedom Index7.228.15
Property Rights Index33.582.5
Judical Effectiveness Index19.561
Business Freedom Index55.190.5
Fiscal Health Index87.296.7
Labor Freedom Index55.556.2
Investment Freedom Index6070
Financial Freedom Index5070
Trade Freedom Index75.480
Monetary Freedom Index71.582.1
Government Spending Index77.567.7
Tax Burden Index76.363.9
Government Integrity Index24.367.5
Corruption Perceptions Index2557
Life expectancy at birth, years74.182.6
Suicide mortality rate, per 100,000 people12.226.9
Mortality caused by road traffic injury, per 100,000 people15.39.8
Intentional homicides, per 100,000 people7.40.6
International tourism, number of arrivals1.3M15.3M

Government debt & reserves

StatNicaraguaSouth Korea
Central government debt, % of GDP37.2%40.7%
External debt stocks, % of GNI90.7%N/A
External debt stocks$11.6BN/A
Short-term debt, % of total reserves60.3%N/A
Total debt service, % of exports and primary income19%N/A
Adjusted net savings including particulate emission damage, % of GNI14.4%20.1%
Gross savings, % of GDP23.6%34.7%
Gross capital formation, % of GDP22.9%30.2%
Total reserves including gold$2.3B$403.1B
Foreign direct investment net inflows$359.2M$14.5B

Exports, imports and economic structure

StatNicaraguaSouth Korea
Exports of goods and services, % of GDP42%44%
Imports of goods and services, % of GDP51.3%39%
Current account balance (balance of payments)$83M$76.4B
Revenue excluding grants, % of GDP16.8%27.8%
Grants excluding technical cooperation, BoP$162.6M$6.7M
Personal remittances received$1.5B$7.1B
Industry including construction value added, % of GDP25.8%35.1%
Agriculture, forestry and fishing value added, % of GDP15.5%2%
Charges for the use of intellectual property, payments BoP$1.9M$9.9B
Charges for the use of intellectual property, receipts BoPN/A$7.8B
Expense, % of GDP16.7%25.4%
Government Expenditure, % of GDP27.4%32.8%

Compare with countries close by GDP per capita

Nicaragua vs

CountryGDP
per capita
Population
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
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

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