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The Palestine vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while the Palestine ranked 125th with $14.6B. By GDP per capita, South Korea and the Palestine ranked 33rd vs 132nd, respectively.

Gross Domestic Product & Income

StatPalestineSouth Korea
GDP$14.6B$1.6T
GDP growth, 1 year0.91%2.7%
GDP growth, 5-years averageN/A3%
Population4.7M51.1M
GDP per capita$3.2k$31k
GDP per capita growth-1.62%2.33%
Purchasing Power Parity conversion factor2.23860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.620.78
GDP per capita, PPP adjusted$5.2k$41k
GNI, Atlas method$17B$1.6T
GNI per capita$3.7k$31k
GNI, PPP adjusted$27.4B$2.1T
GNI per capita, PPP adjusted$6k$40k

Financial system and Human development

StatPalestineSouth Korea
Income Tax RateN/A42%
Corporate Tax RateN/A25%
Inflation, consumer prices-0.2%1.5%
Inflation, GDP deflator-0.1%0.3%
Unemployment26.3%3.8%
Economic Freedom Index3074
Personal Freedom Index4.18.84
Human Freedom Index48.15
Property Rights IndexN/A82.5
Judical Effectiveness IndexN/A61
Business Freedom IndexN/A90.5
Fiscal Health IndexN/A96.7
Labor Freedom IndexN/A56.2
Investment Freedom IndexN/A70
Financial Freedom IndexN/A70
Trade Freedom IndexN/A80
Monetary Freedom IndexN/A82.1
Government Spending IndexN/A67.7
Tax Burden IndexN/A63.9
Government Integrity IndexN/A67.5
Corruption Perceptions Index1857
Life expectancy at birth, years73.782.6
Suicide mortality rate, per 100,000 people4.326.9
Mortality caused by road traffic injury, per 100,000 people19.59.8
Intentional homicides, per 100,000 people0.70.6
International tourism, number of arrivals606k15.3M

Government debt & reserves

StatPalestineSouth 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 GDP12.6%34.7%
Gross capital formation, % of GDP24.2%30.2%
Total reserves including gold$537.8M$403.1B
Foreign direct investment net inflows$262.5M$14.5B

Exports, imports and economic structure

StatPalestineSouth Korea
Exports of goods and services, % of GDP19.9%44%
Imports of goods and services, % of GDP59.7%39%
Current account balance (balance of payments)-$1.7B$76.4B
Revenue excluding grants, % of GDP6.9%27.8%
Grants excluding technical cooperation, BoP$2.1B$6.7M
Personal remittances received$2.5B$7.1B
Industry including construction value added, % of GDP19.6%35.1%
Agriculture, forestry and fishing value added, % of GDP3.2%2%
Charges for the use of intellectual property, payments BoP$1.4M$9.9B
Charges for the use of intellectual property, receipts BoP$1.6k$7.8B
Expense, % of GDP8.3%25.4%
Government Expenditure, % of GDPN/A32.8%

Compare with countries close by GDP per capita

Palestine vs

CountryGDP
per capita
Population
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.34M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
52.6k
Tuvalu
$3.7k
9.88k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
754k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Vanuatu
$3.1k
276k
Philippines
$3.1k
101M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
850k
Papua New Guinea
$2.7k
7.32M
Vietnam
$2.6k
94.7M
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

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