Skip to content

Qatar vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Qatar ranked 54th with $191.4B. By GDP 5-years average growth and GDP per capita, South Korea and Qatar ranked 93rd vs 108th and 33rd vs 9th, respectively.

Gross Domestic Product & Income

StatQatarSouth Korea
GDP$191.4B$1.6T
GDP growth, 1 year2.2%2.7%
GDP growth, 5-years average2.7%3%
Population2.2M51.1M
GDP per capita$69k$31k
GDP per capita growth-0.58%2.33%
Purchasing Power Parity conversion factor1.97860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.78
GDP per capita, PPP adjusted$130k$41k
GNI, Atlas method$170.1B$1.6T
GNI per capita$61k$31k
GNI, PPP adjusted$346.1B$2.1T
GNI per capita, PPP adjusted$124k$40k

Financial system and Human development

StatQatarSouth Korea
Income Tax Rate0%42%
Corporate Tax Rate0%25%
Inflation, consumer prices0.2%1.5%
Inflation, GDP deflator13%0.3%
Unemployment0.1%3.8%
Economic Freedom Index72.374
Personal Freedom Index5.228.84
Human Freedom Index6.228.15
Property Rights Index66.982.5
Judical Effectiveness Index58.761
Business Freedom Index71.190.5
Fiscal Health Index93.796.7
Labor Freedom Index65.956.2
Investment Freedom Index6070
Financial Freedom Index6070
Trade Freedom Index81.680
Monetary Freedom Index80.682.1
Government Spending Index64.667.7
Tax Burden Index99.863.9
Government Integrity Index64.667.5
Corruption Perceptions Index6257
Life expectancy at birth, years8082.6
Suicide mortality rate, per 100,000 people6.626.9
Mortality caused by road traffic injury, per 100,000 people9.39.8
Intentional homicides, per 100,000 people0.40.6
International tourism, number of arrivals1.8M15.3M

Government debt & reserves

StatQatarSouth Korea
Central government debt, % of GDP48.4%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 GNI26.8%20.1%
Gross savings, % of GDP51.6%34.7%
Gross capital formation, % of GDP42.9%30.2%
Total reserves including gold$30.4B$403.1B
Foreign direct investment net inflows-$2.2B$14.5B

Exports, imports and economic structure

StatQatarSouth Korea
Exports of goods and services, % of GDP53.6%44%
Imports of goods and services, % of GDP34.4%39%
Current account balance (balance of payments)$16.7B$76.4B
Revenue excluding grants, % of GDPN/A27.8%
Grants excluding technical cooperation, BoP$2.2M$6.7M
Personal remittances received$467M$7.1B
Industry including construction value added, % of GDP61.1%35.1%
Agriculture, forestry and fishing value added, % of GDP0.2%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 GDP34.3%32.8%

Compare with countries close by GDP per capita

Qatar vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
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

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