Niger vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Niger ranked 146th with $9.3B. By GDP 5-years average growth and GDP per capita, South Korea and Niger ranked 93rd vs 26th and 33rd vs 194th, respectively.

Gross Domestic Product & Income

StatNigerSouth Korea
GDP$9.3B$1.6T
GDP growth, 1 year5.2%2.7%
GDP growth, 5-years average5.4%3%
Population21.5M51.5M
GDP per capita$414$31k
GDP per capita growth2.5%2.33%
Purchasing Power Parity conversion factor216.34860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.78
GDP per capita, PPP adjusted$1.2k$41k
GNI, Atlas method$8.7B$1.6T
GNI per capita$390$31k
GNI, PPP adjusted$23.3B$2.1T
GNI per capita, PPP adjusted$1k$40k

Financial system and Human development

StatNigerSouth Korea
Income Tax Rate35%42%
Corporate Tax Rate30%25%
Inflation, consumer prices3%1.5%
Inflation, GDP deflator2.6%0.3%
Unemployment0.3%3.8%
Economic Freedom Index54.774
Personal Freedom Index6.678.84
Human Freedom Index68.15
Property Rights Index45.682.5
Judical Effectiveness Index42.661
Business Freedom Index55.490.5
Fiscal Health Index44.796.7
Labor Freedom Index47.956.2
Investment Freedom Index5570
Financial Freedom Index4070
Trade Freedom Index61.280
Monetary Freedom Index74.882.1
Government Spending Index7967.7
Tax Burden Index76.763.9
Government Integrity Index33.467.5
Corruption Perceptions Index3457
Life expectancy at birth, years61.682.6
Suicide mortality rate, per 100,000 people4.626.9
Mortality caused by road traffic injury, per 100,000 people26.29.8
Intentional homicides, per 100,000 people4.40.6
International tourism, number of arrivals157k15.3M

Government debt & reserves

StatNigerSouth Korea
Central government debt, % of GDP55.1%40.7%
External debt stocks, % of GNI36.1%N/A
External debt stocks$3.3BN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary income8.5%N/A
Adjusted net savings including particulate emission damage, % of GNI5%20.1%
Gross savings, % of GDP20.2%34.7%
Gross capital formation, % of GDP37.1%30.2%
Total reserves including goldN/A$403.1B
Foreign direct investment net inflows$2B$14.5B

Exports, imports and economic structure

StatNigerSouth Korea
Exports of goods and services, % of GDP15.7%44%
Imports of goods and services, % of GDP33%39%
Current account balance (balance of payments)-$1.3B$76.4B
Revenue excluding grants, % of GDP14.6%27.8%
Grants excluding technical cooperation, BoP$881.8M$6.7M
Personal remittances received$296.7M$7.1B
Industry including construction value added, % of GDP15.5%35.1%
Agriculture, forestry and fishing value added, % of GDP39.2%2%
Charges for the use of intellectual property, payments BoP$2M$9.9B
Charges for the use of intellectual property, receipts BoP$6.2k$7.8B
Expense, % of GDP10.2%25.4%
Government Expenditure, % of GDP26.5%32.8%

Compare with countries close by GDP per capita

Niger vs

CountryGDP
per capita
Population
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
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Malawi
$389
18.6M
Somalia
$315
11M
Burundi
$272
10.9M

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