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North Korea vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while North Korea ranked 90th with $42.3B. By GDP 5-years average growth and GDP per capita, South Korea and North Korea ranked 93rd vs 172nd and 33rd vs 154th, respectively.

Gross Domestic Product & Income

StatNorth KoreaSouth Korea
GDP$42.3B$1.6T
GDP growth, 1 year-4.1%2.7%
GDP growth, 5-years average-0.8%3%
Population24.9M51.1M
GDP per capita$1.7k$31k
GDP per capita growthN/A2.33%
Purchasing Power Parity conversion factorN/A860.51
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.78
GDP per capita, PPP adjusted$1.7k$41k
GNI, Atlas methodN/A$1.6T
GNI per capitaN/A$31k
GNI, PPP adjustedN/A$2.1T
GNI per capita, PPP adjustedN/A$40k

Financial system and Human development

StatNorth KoreaSouth Korea
Income Tax RateN/A42%
Corporate Tax RateN/A25%
Inflation, consumer pricesN/A1.5%
Inflation, GDP deflatorN/A0.3%
Unemployment3.3%3.8%
Economic Freedom Index4.274
Personal Freedom Index1.48.84
Human Freedom Index1.48.15
Property Rights Index20.182.5
Judical Effectiveness Index561
Business Freedom Index590.5
Fiscal Health Index096.7
Labor Freedom Index556.2
Investment Freedom Index070
Financial Freedom Index070
Trade Freedom Index080
Monetary Freedom Index082.1
Government Spending Index067.7
Tax Burden Index063.9
Government Integrity Index15.167.5
Corruption Perceptions Index1457
Life expectancy at birth, years71.982.6
Suicide mortality rate, per 100,000 people11.226.9
Mortality caused by road traffic injury, per 100,000 people20.89.8
Intentional homicides, per 100,000 people4.40.6
International tourism, number of arrivalsN/A15.3M

Government debt & reserves

StatNorth KoreaSouth Korea
Central government debt, % of GDPN/A40.7%
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 GNIN/A20.1%
Gross savings, % of GDPN/A34.7%
Gross capital formation, % of GDPN/A30.2%
Total reserves including goldN/A$403.1B
Foreign direct investment net inflows$52M$14.5B

Exports, imports and economic structure

StatNorth KoreaSouth Korea
Exports of goods and services, % of GDPN/A44%
Imports of goods and services, % of GDPN/A39%
Current account balance (balance of payments)N/A$76.4B
Revenue excluding grants, % of GDPN/A27.8%
Grants excluding technical cooperation, BoP$118.5M$6.7M
Personal remittances receivedN/A$7.1B
Industry including construction value added, % of GDPN/A35.1%
Agriculture, forestry and fishing value added, % of GDPN/A2%
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 GDPN/A25.4%
Government Expenditure, % of GDPN/A32.8%

Compare with countries close by GDP per capita

North Korea vs

CountryGDP
per capita
Population
Egypt
$2.5k
94.8M
Laos
$2.5k
6.77M
Honduras
$2.5k
8.1M
Ghana
$2.2k
28.3M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
14.1M
Solomon Islands
$2.1k
561k
East Timor
$2k
1.18M
Syria
$2k
19.8M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.35B
Sao Tome and Principe
$2k
193k
Ivory Coast
$1.7k
20.3M
Kenya
$1.7k
48.5M
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

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