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Pakistan vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Pakistan ranked 41st with $314.6B. By GDP 5-years average growth and GDP per capita, South Korea and Pakistan ranked 93rd vs 40th and 33rd vs 162nd, respectively.

Gross Domestic Product & Income

StatPakistanSouth Korea
GDP$314.6B$1.6T
GDP growth, 1 year5.2%2.7%
GDP growth, 5-years average4.7%3%
Population197M51.1M
GDP per capita$1.5k$31k
GDP per capita growth3.68%2.33%
Purchasing Power Parity conversion factor29.3860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.78
GDP per capita, PPP adjusted$5.7k$41k
GNI, Atlas method$337.1B$1.6T
GNI per capita$1.6k$31k
GNI, PPP adjusted$1.2T$2.1T
GNI per capita, PPP adjusted$5.9k$40k

Financial system and Human development

StatPakistanSouth Korea
Income Tax Rate30%42%
Corporate Tax Rate30%25%
Inflation, consumer prices3.9%1.5%
Inflation, GDP deflator2.5%0.3%
Unemployment3%3.8%
Economic Freedom Index54.874
Personal Freedom Index5.028.84
Human Freedom Index5.448.15
Property Rights Index48.382.5
Judical Effectiveness Index43.261
Business Freedom Index54.990.5
Fiscal Health Index40.496.7
Labor Freedom Index41.356.2
Investment Freedom Index5570
Financial Freedom Index4070
Trade Freedom Index64.880
Monetary Freedom Index72.582.1
Government Spending Index86.867.7
Tax Burden Index80.463.9
Government Integrity Index29.767.5
Corruption Perceptions Index3357
Life expectancy at birth, years66.982.6
Suicide mortality rate, per 100,000 people2.926.9
Mortality caused by road traffic injury, per 100,000 people14.39.8
Intentional homicides, per 100,000 people4.20.6
International tourism, number of arrivals966k15.3M

Government debt & reserves

StatPakistanSouth Korea
Central government debt, % of GDP72.1%40.7%
External debt stocks, % of GNI27.6%N/A
External debt stocks$91BN/A
Short-term debt, % of total reserves70.1%N/A
Total debt service, % of exports and primary income19.9%N/A
Adjusted net savings including particulate emission damage, % of GNI12.7%20.1%
Gross savings, % of GDP18.8%34.7%
Gross capital formation, % of GDP16.7%30.2%
Total reserves including gold$11.8B$403.1B
Foreign direct investment net inflows$2.4B$14.5B

Exports, imports and economic structure

StatPakistanSouth Korea
Exports of goods and services, % of GDP8.8%44%
Imports of goods and services, % of GDP19.7%39%
Current account balance (balance of payments)-$19.2B$76.4B
Revenue excluding grants, % of GDPN/A27.8%
Grants excluding technical cooperation, BoP$1.5B$6.7M
Personal remittances received$21.2B$7.1B
Industry including construction value added, % of GDP18%35.1%
Agriculture, forestry and fishing value added, % of GDP22.9%2%
Charges for the use of intellectual property, payments BoP$189M$9.9B
Charges for the use of intellectual property, receipts BoP$7M$7.8B
Expense, % of GDPN/A25.4%
Government Expenditure, % of GDP21%32.8%

Compare with countries close by GDP per capita

Pakistan vs

CountryGDP
per capita
Population
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
North Korea
$1.7k
24.9M
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
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
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
26.2M
Benin
$902
10M
Mali
$900
18.5M
Guinea
$879
11.6M
Haiti
$868
10.3M
Tajikistan
$827
8.92M

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