Russia vs South Korea: Economic Indicators Comparison
Russia with a GDP of $1.7T ranked the 11th largest economy in the world, while South Korea ranked 12th with $1.6T. By GDP 5-years average growth and GDP per capita, Russia and South Korea ranked 162nd vs 93rd and 68th vs 33rd, respectively.
Gross Domestic Product & Income
| Stat |  Russia |  South Korea |
|---|---|---|
| GDP | $1.7T | $1.6T |
| GDP growth, 1 year | 2.3% | 2.7% |
| GDP growth, 5-years average | 0.5% | 3% |
| Population | 146.8M | 51.5M |
| GDP per capita | $11k | $31k |
| GDP per capita growth | 2.26% | 2.33% |
| Purchasing Power Parity conversion factor | 25.64 | 860.51 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.41 | 0.78 |
| GDP per capita, PPP adjusted | $29k | $41k |
| GNI, Atlas method | $1.5T | $1.6T |
| GNI per capita | $10k | $31k |
| GNI, PPP adjusted | $3.9T | $2.1T |
| GNI per capita, PPP adjusted | $26k | $40k |
Financial system and Human development
| Stat | Russia | South Korea |
|---|---|---|
| Income Tax Rate | 13% | 42% |
| Corporate Tax Rate | 20% | 25% |
| Inflation, consumer prices | 2.9% | 1.5% |
| Inflation, GDP deflator | 10.3% | 0.3% |
| Unemployment | 4.7% | 3.8% |
| Economic Freedom Index | 61 | 74 |
| Personal Freedom Index | 6.56 | 8.84 |
| Human Freedom Index | 6.49 | 8.15 |
| Property Rights Index | 56.8 | 82.5 |
| Judical Effectiveness Index | 44.4 | 61 |
| Business Freedom Index | 80.2 | 90.5 |
| Fiscal Health Index | 98.7 | 96.7 |
| Labor Freedom Index | 52.1 | 56.2 |
| Investment Freedom Index | 30 | 70 |
| Financial Freedom Index | 30 | 70 |
| Trade Freedom Index | 77.8 | 80 |
| Monetary Freedom Index | 68.2 | 82.1 |
| Government Spending Index | 63.8 | 67.7 |
| Tax Burden Index | 88.5 | 63.9 |
| Government Integrity Index | 41.3 | 67.5 |
| Corruption Perceptions Index | 28 | 57 |
| Life expectancy at birth, years | 72.1 | 82.6 |
| Suicide mortality rate, per 100,000 people | 31 | 26.9 |
| Mortality caused by road traffic injury, per 100,000 people | 18 | 9.8 |
| Intentional homicides, per 100,000 people | 9.2 | 0.6 |
| International tourism, number of arrivals | 24.6M | 15.3M |
Government debt & reserves
| Stat | Russia | South Korea |
|---|---|---|
| Central government debt, % of GDP | 14% | 40.7% |
| External debt stocks, % of GNI | 28.1% | N/A |
| External debt stocks | $453.9B | N/A |
| Short-term debt, % of total reserves | 10.3% | N/A |
| Total debt service, % of exports and primary income | 19.6% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 8% | 20.1% |
| Gross savings, % of GDP | 30.2% | 34.7% |
| Gross capital formation, % of GDP | 22.7% | 30.2% |
| Total reserves including gold | $468.6B | $403.1B |
| Foreign direct investment net inflows | $8.8B | $14.5B |
Exports, imports and economic structure
| Stat | Russia | South Korea |
|---|---|---|
| Exports of goods and services, % of GDP | 30.7% | 44% |
| Imports of goods and services, % of GDP | 20.8% | 39% |
| Current account balance (balance of payments) | $113.5B | $76.4B |
| Revenue excluding grants, % of GDP | 27.5% | 27.8% |
| Grants excluding technical cooperation, BoP | $658.1M | $6.7M |
| Personal remittances received | $8.6B | $7.1B |
| Industry including construction value added, % of GDP | 32.1% | 35.1% |
| Agriculture, forestry and fishing value added, % of GDP | 3.1% | 2% |
| Charges for the use of intellectual property, payments BoP | $6.3B | $9.9B |
| Charges for the use of intellectual property, receipts BoP | $876.1M | $7.8B |
| Expense, % of GDP | 28.9% | 25.4% |
| Government Expenditure, % of GDP | 34.7% | 32.8% |
