Romania vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Romania ranked 49th with $239.6B. By GDP 5-years average growth and GDP per capita, South Korea and Romania ranked 93rd vs 42nd and 33rd vs 64th, respectively.

Gross Domestic Product & Income

StatRomaniaSouth Korea
GDP$239.6B$1.6T
GDP growth, 1 year4.1%2.7%
GDP growth, 5-years average4.6%3%
Population19.6M51.5M
GDP per capita$12k$31k
GDP per capita growth4.56%2.33%
Purchasing Power Parity conversion factor1.72860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.440.78
GDP per capita, PPP adjusted$26k$41k
GNI, Atlas method$219.9B$1.6T
GNI per capita$11k$31k
GNI, PPP adjusted$535.9B$2.1T
GNI per capita, PPP adjusted$28k$40k

Financial system and Human development

StatRomaniaSouth Korea
Income Tax Rate10%42%
Corporate Tax Rate16%25%
Inflation, consumer prices4.6%1.5%
Inflation, GDP deflator5.9%0.3%
Unemployment4.3%3.8%
Economic Freedom Index69.774
Personal Freedom Index8.748.84
Human Freedom Index88.15
Property Rights Index72.582.5
Judical Effectiveness Index56.161
Business Freedom Index58.690.5
Fiscal Health Index85.696.7
Labor Freedom Index6356.2
Investment Freedom Index7070
Financial Freedom Index5070
Trade Freedom Index86.480
Monetary Freedom Index78.182.1
Government Spending Index70.467.7
Tax Burden Index90.363.9
Government Integrity Index55.167.5
Corruption Perceptions Index4757
Life expectancy at birth, years75.382.6
Suicide mortality rate, per 100,000 people10.426.9
Mortality caused by road traffic injury, per 100,000 people10.39.8
Intentional homicides, per 100,000 people1.50.6
International tourism, number of arrivals11.7M15.3M

Government debt & reserves

StatRomaniaSouth Korea
Central government debt, % of GDP36.6%40.7%
External debt stocks, % of GNI48%N/A
External debt stocks$112.1BN/A
Short-term debt, % of total reserves37.7%N/A
Total debt service, % of exports and primary income20.8%N/A
Adjusted net savings including particulate emission damage, % of GNI3.4%20.1%
Gross savings, % of GDP19.7%34.7%
Gross capital formation, % of GDP24.2%30.2%
Total reserves including gold$42.1B$403.1B
Foreign direct investment net inflows$7.3B$14.5B

Exports, imports and economic structure

StatRomaniaSouth Korea
Exports of goods and services, % of GDP41.6%44%
Imports of goods and services, % of GDP44.9%39%
Current account balance (balance of payments)-$10.9B$76.4B
Revenue excluding grants, % of GDP28.6%27.8%
Grants excluding technical cooperation, BoP$736M$6.7M
Personal remittances received$7B$7.1B
Industry including construction value added, % of GDP29%35.1%
Agriculture, forestry and fishing value added, % of GDP4.3%2%
Charges for the use of intellectual property, payments BoP$962.4M$9.9B
Charges for the use of intellectual property, receipts BoP$100.8M$7.8B
Expense, % of GDP31.6%25.4%
Government Expenditure, % of GDP31.4%32.8%

Compare with countries close by GDP per capita

Romania vs

CountryGDP
per capita
Population
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M

South Korea vs

CountryGDP
per capita
Population
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k