Saint Vincent vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Saint Vincent ranked 188th with $811.3M. By GDP 5-years average growth and GDP per capita, South Korea and Saint Vincent ranked 93rd vs 155th and 33rd vs 88th, respectively.

Gross Domestic Product & Income

StatSaint VincentSouth Korea
GDP$811.3M$1.6T
GDP growth, 1 year2%2.7%
GDP growth, 5-years average0.9%3%
Population110k51.5M
GDP per capita$7.4k$31k
GDP per capita growth1.81%2.33%
Purchasing Power Parity conversion factor1.62860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.60.78
GDP per capita, PPP adjusted$12k$41k
GNI, Atlas method$808.6M$1.6T
GNI per capita$7.3k$31k
GNI, PPP adjusted$1.3B$2.1T
GNI per capita, PPP adjusted$12k$40k

Financial system and Human development

StatSaint VincentSouth Korea
Income Tax Rate30%42%
Corporate Tax Rate33%25%
Inflation, consumer prices2.4%1.5%
Inflation, GDP deflator0.2%0.3%
Unemployment19.8%3.8%
Economic Freedom Index66.874
Personal Freedom Index6.88.84
Human Freedom Index6.78.15
Property Rights Index50.582.5
Judical Effectiveness Index62.661
Business Freedom Index75.890.5
Fiscal Health Index8996.7
Labor Freedom Index73.356.2
Investment Freedom Index7070
Financial Freedom Index4070
Trade Freedom Index67.280
Monetary Freedom Index80.882.1
Government Spending Index73.767.7
Tax Burden Index72.463.9
Government Integrity Index46.167.5
Corruption Perceptions Index5857
Life expectancy at birth, years72.382.6
Suicide mortality rate, per 100,000 people2.426.9
Mortality caused by road traffic injury, per 100,000 people8.29.8
Intentional homicides, per 100,000 people36.50.6
International tourism, number of arrivals80k15.3M

Government debt & reserves

StatSaint VincentSouth Korea
Central government debt, % of GDP73.1%40.7%
External debt stocks, % of GNI37.6%N/A
External debt stocks$328.2MN/A
Short-term debt, % of total reserves0%N/A
Total debt service, % of exports and primary income12.3%N/A
Adjusted net savings including particulate emission damage, % of GNI0.4%20.1%
Gross savings, % of GDP4.4%34.7%
Gross capital formation, % of GDP26.2%30.2%
Total reserves including gold$169.6M$403.1B
Foreign direct investment net inflows$110.1M$14.5B

Exports, imports and economic structure

StatSaint VincentSouth Korea
Exports of goods and services, % of GDP34.9%44%
Imports of goods and services, % of GDP54.7%39%
Current account balance (balance of payments)-$99.1M$76.4B
Revenue excluding grants, % of GDP27.2%27.8%
Grants excluding technical cooperation, BoP$12M$6.7M
Personal remittances received$46.8M$7.1B
Industry including construction value added, % of GDP15%35.1%
Agriculture, forestry and fishing value added, % of GDP7.2%2%
Charges for the use of intellectual property, payments BoP$3M$9.9B
Charges for the use of intellectual property, receipts BoP$300k$7.8B
Expense, % of GDP26.4%25.4%
Government Expenditure, % of GDP29.6%32.8%

Compare with countries close by GDP per capita

Saint Vincent vs

CountryGDP
per capita
Population
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
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M

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