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Oman vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Oman ranked 69th with $79.3B. By GDP 5-years average growth and GDP per capita, South Korea and Oman ranked 93rd vs 114th and 33rd vs 56th, respectively.

Gross Domestic Product & Income

StatOmanSouth Korea
GDP$79.3B$1.6T
GDP growth, 1 year2.1%2.7%
GDP growth, 5-years average2.4%3%
Population3.6M51.1M
GDP per capita$16k$31k
GDP per capita growth-1.68%2.33%
Purchasing Power Parity conversion factor0.15860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.78
GDP per capita, PPP adjusted$47k$41k
GNI, Atlas method$73.1B$1.6T
GNI per capita$15k$31k
GNI, PPP adjusted$201.3B$2.1T
GNI per capita, PPP adjusted$42k$40k

Financial system and Human development

StatOmanSouth Korea
Income Tax Rate0%42%
Corporate Tax Rate12%25%
Inflation, consumer prices0.9%1.5%
Inflation, GDP deflator10.3%0.3%
Unemployment3.1%3.8%
Economic Freedom Index63.674
Personal Freedom Index5.558.84
Human Freedom Index6.38.15
Property Rights Index66.482.5
Judical Effectiveness Index66.261
Business Freedom Index74.690.5
Fiscal Health Index14.896.7
Labor Freedom Index56.956.2
Investment Freedom Index6570
Financial Freedom Index6070
Trade Freedom Index81.680
Monetary Freedom Index78.482.1
Government Spending Index36.267.7
Tax Burden Index98.463.9
Government Integrity Index64.667.5
Corruption Perceptions Index5257
Life expectancy at birth, years77.482.6
Suicide mortality rate, per 100,000 people3.926.9
Mortality caused by road traffic injury, per 100,000 people16.19.8
Intentional homicides, per 100,000 people0.50.6
International tourism, number of arrivals2.3M15.3M

Government debt & reserves

StatOmanSouth Korea
Central government debt, % of GDP50.9%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 GNI-11.3%20.1%
Gross savings, % of GDP23.9%34.7%
Gross capital formation, % of GDP23.2%30.2%
Total reserves including gold$17.4B$403.1B
Foreign direct investment net inflows$6.3B$14.5B

Exports, imports and economic structure

StatOmanSouth Korea
Exports of goods and services, % of GDP58.3%44%
Imports of goods and services, % of GDP44.5%39%
Current account balance (balance of payments)-$4.3B$76.4B
Revenue excluding grants, % of GDPN/A27.8%
Grants excluding technical cooperation, BoP$17M$6.7M
Personal remittances received$39M$7.1B
Industry including construction value added, % of GDP46.8%35.1%
Agriculture, forestry and fishing value added, % of GDP2.2%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 GDPN/A25.4%
Government Expenditure, % of GDP46.1%32.8%

Compare with countries close by GDP per capita

Oman vs

CountryGDP
per capita
Population
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
Barbados
$18k
285k
Latvia
$18k
1.95M
Uruguay
$17k
3.41M
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Hungary
$16k
9.97M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
20.9k
Panama
$16k
3.86M
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k

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