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Saint Lucia vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Saint Lucia ranked 175th with $1.9B. By GDP 5-years average growth and GDP per capita, South Korea and Saint Lucia ranked 93rd vs 140th and 33rd vs 71st, respectively.

Gross Domestic Product & Income

StatSaint LuciaSouth Korea
GDP$1.9B$1.6T
GDP growth, 1 year1%2.7%
GDP growth, 5-years average1.8%3%
Population179k51.1M
GDP per capita$11k$31k
GDP per capita growth0.34%2.33%
Purchasing Power Parity conversion factor2.06860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.760.78
GDP per capita, PPP adjusted$14k$41k
GNI, Atlas method$1.7B$1.6T
GNI per capita$9.6k$31k
GNI, PPP adjusted$2.4B$2.1T
GNI per capita, PPP adjusted$13k$40k

Financial system and Human development

StatSaint LuciaSouth Korea
Income Tax Rate30%42%
Corporate Tax Rate30%25%
Inflation, consumer prices1.9%1.5%
Inflation, GDP deflator4.9%0.3%
Unemployment20.9%3.8%
Economic Freedom Index68.274
Personal Freedom Index6.58.84
Human Freedom Index6.58.15
Property Rights Index69.882.5
Judical Effectiveness Index62.661
Business Freedom Index76.790.5
Fiscal Health Index83.896.7
Labor Freedom Index66.456.2
Investment Freedom Index6570
Financial Freedom Index4070
Trade Freedom Index73.280
Monetary Freedom Index8282.1
Government Spending Index80.667.7
Tax Burden Index76.963.9
Government Integrity Index41.867.5
Corruption Perceptions Index5557
Life expectancy at birth, years75.982.6
Suicide mortality rate, per 100,000 people7.826.9
Mortality caused by road traffic injury, per 100,000 people35.49.8
Intentional homicides, per 100,000 people29.60.6
International tourism, number of arrivals395k15.3M

Government debt & reserves

StatSaint LuciaSouth Korea
Central government debt, % of GDP66.8%40.7%
External debt stocks, % of GNI35.1%N/A
External debt stocks$615.8MN/A
Short-term debt, % of total reserves31.9%N/A
Total debt service, % of exports and primary income3.9%N/A
Adjusted net savings including particulate emission damage, % of GNI-2.3%20.1%
Gross savings, % of GDP9.7%34.7%
Gross capital formation, % of GDP21.6%30.2%
Total reserves including gold$285.8M$403.1B
Foreign direct investment net inflows$40M$14.5B

Exports, imports and economic structure

StatSaint LuciaSouth Korea
Exports of goods and services, % of GDP36%44%
Imports of goods and services, % of GDP43.4%39%
Current account balance (balance of payments)$102.8M$76.4B
Revenue excluding grants, % of GDP21.3%27.8%
Grants excluding technical cooperation, BoP$5M$6.7M
Personal remittances received$43M$7.1B
Industry including construction value added, % of GDP10.1%35.1%
Agriculture, forestry and fishing value added, % of GDP2.1%2%
Charges for the use of intellectual property, payments BoP$9.2M$9.9B
Charges for the use of intellectual property, receipts BoPN/A$7.8B
Expense, % of GDP19.4%25.4%
Government Expenditure, % of GDP25.5%32.8%

Compare with countries close by GDP per capita

Saint Lucia vs

CountryGDP
per capita
Population
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
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M

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