Saint Kitts and Nevis vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Saint Kitts and Nevis ranked 185th with $1B. By GDP per capita, South Korea and Saint Kitts and Nevis ranked 33rd vs 48th, respectively.

Gross Domestic Product & Income

Stat	Saint Kitts and Nevis	South Korea
GDP	$1B	$1.6T
GDP growth, 1 year	2.92%	2.7%
GDP growth, 5-years average	N/A	3%
Population	55k	51.5M
GDP per capita	$19k	$31k
GDP per capita growth	2.15%	2.33%
Purchasing Power Parity conversion factor	1.72	860.51
Price level ratio of PPP conversion factor GDP to market exchange rate	0.64	0.78
GDP per capita, PPP adjusted	$30k	$41k
GNI, Atlas method	$961.5M	$1.6T
GNI per capita	$18k	$31k
GNI, PPP adjusted	$1.5B	$2.1T
GNI per capita, PPP adjusted	$29k	$40k

Financial system and Human development

Stat	Saint Kitts and Nevis	South Korea
Income Tax Rate	N/A	42%
Corporate Tax Rate	N/A	25%
Inflation, consumer prices	-1%	1.5%
Inflation, GDP deflator	-1.5%	0.3%
Unemployment	5.1%	3.8%
Economic Freedom Index	62	74
Personal Freedom Index	6.2	8.84
Human Freedom Index	6.2	8.15
Property Rights Index	N/A	82.5
Judical Effectiveness Index	N/A	61
Business Freedom Index	N/A	90.5
Fiscal Health Index	N/A	96.7
Labor Freedom Index	N/A	56.2
Investment Freedom Index	N/A	70
Financial Freedom Index	N/A	70
Trade Freedom Index	N/A	80
Monetary Freedom Index	N/A	82.1
Government Spending Index	N/A	67.7
Tax Burden Index	N/A	63.9
Government Integrity Index	N/A	67.5
Corruption Perceptions Index	60	57
Life expectancy at birth, years	71.3	82.6
Suicide mortality rate, per 100,000 people	1	26.9
Mortality caused by road traffic injury, per 100,000 people	2	9.8
Intentional homicides, per 100,000 people	34.2	0.6
International tourism, number of arrivals	125k	15.3M

Government debt & reserves

Stat	Saint Kitts and Nevis	South Korea
Central government debt, % of GDP	59.9%	40.7%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	N/A	20.1%
Gross savings, % of GDP	N/A	34.7%
Gross capital formation, % of GDP	N/A	30.2%
Total reserves including gold	$363.2M	$403.1B
Foreign direct investment net inflows	$93.6M	$14.5B

Exports, imports and economic structure

Stat	Saint Kitts and Nevis	South Korea
Exports of goods and services, % of GDP	59.9%	44%
Imports of goods and services, % of GDP	58.8%	39%
Current account balance (balance of payments)	-$72.4M	$76.4B
Revenue excluding grants, % of GDP	27.9%	27.8%
Grants excluding technical cooperation, BoP	$15.6M	$6.7M
Personal remittances received	$25.9M	$7.1B
Industry including construction value added, % of GDP	25.7%	35.1%
Agriculture, forestry and fishing value added, % of GDP	1.2%	2%
Charges for the use of intellectual property, payments BoP	$1.8M	$9.9B
Charges for the use of intellectual property, receipts BoP	$100k	$7.8B
Expense, % of GDP	24.3%	25.4%
Government Expenditure, % of GDP	N/A	32.8%