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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

StatSaint Kitts and NevisSouth Korea
GDP$1B$1.6T
GDP growth, 1 year2.92%2.7%
GDP growth, 5-years averageN/A3%
Population54k51.1M
GDP per capita$19k$31k
GDP per capita growth2.15%2.33%
Purchasing Power Parity conversion factor1.72860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.640.78
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

StatSaint Kitts and NevisSouth Korea
Income Tax RateN/A42%
Corporate Tax RateN/A25%
Inflation, consumer prices-1%1.5%
Inflation, GDP deflator-1.5%0.3%
Unemployment5.1%3.8%
Economic Freedom Index6274
Personal Freedom Index6.28.84
Human Freedom Index6.28.15
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 Index6057
Life expectancy at birth, years71.382.6
Suicide mortality rate, per 100,000 people126.9
Mortality caused by road traffic injury, per 100,000 people29.8
Intentional homicides, per 100,000 people34.20.6
International tourism, number of arrivals125k15.3M

Government debt & reserves

StatSaint Kitts and NevisSouth Korea
Central government debt, % of GDP59.9%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 GNIN/A20.1%
Gross savings, % of GDPN/A34.7%
Gross capital formation, % of GDPN/A30.2%
Total reserves including gold$363.2M$403.1B
Foreign direct investment net inflows$93.6M$14.5B

Exports, imports and economic structure

StatSaint Kitts and NevisSouth Korea
Exports of goods and services, % of GDP59.9%44%
Imports of goods and services, % of GDP58.8%39%
Current account balance (balance of payments)-$72.4M$76.4B
Revenue excluding grants, % of GDP27.9%27.8%
Grants excluding technical cooperation, BoP$15.6M$6.7M
Personal remittances received$25.9M$7.1B
Industry including construction value added, % of GDP25.7%35.1%
Agriculture, forestry and fishing value added, % of GDP1.2%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 GDP24.3%25.4%
Government Expenditure, % of GDPN/A32.8%

Compare with countries close by GDP per capita

Saint Kitts and Nevis vs

CountryGDP
per capita
Population
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
Lithuania
$19k
2.79M
Barbados
$18k
285k
Latvia
$18k
1.95M
Uruguay
$17k
3.41M
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Oman
$16k
3.63M
Hungary
$16k
9.97M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
20.9k
Panama
$16k
3.86M
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M

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
Lithuania
$19k
2.79M