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Serbia vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Serbia ranked 84th with $50.6B. By GDP 5-years average growth and GDP per capita, South Korea and Serbia ranked 93rd vs 131st and 33rd vs 90th, respectively.

Gross Domestic Product & Income

StatSerbiaSouth Korea
GDP$50.6B$1.6T
GDP growth, 1 year4.4%2.7%
GDP growth, 5-years average2%3%
Population7M51.1M
GDP per capita$7.2k$31k
GDP per capita growth4.97%2.33%
Purchasing Power Parity conversion factor41.64860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.420.78
GDP per capita, PPP adjusted$18k$41k
GNI, Atlas method$44.6B$1.6T
GNI per capita$6.4k$31k
GNI, PPP adjusted$115.5B$2.1T
GNI per capita, PPP adjusted$17k$40k

Financial system and Human development

StatSerbiaSouth Korea
Income Tax Rate10%42%
Corporate Tax Rate15%25%
Inflation, consumer prices2%1.5%
Inflation, GDP deflator2.1%0.3%
Unemployment13.5%3.8%
Economic Freedom Index6674
Personal Freedom Index7.848.84
Human Freedom Index7.198.15
Property Rights Index55.482.5
Judical Effectiveness Index46.861
Business Freedom Index72.690.5
Fiscal Health Index94.196.7
Labor Freedom Index66.956.2
Investment Freedom Index7070
Financial Freedom Index5070
Trade Freedom Index7880
Monetary Freedom Index80.782.1
Government Spending Index49.767.7
Tax Burden Index83.763.9
Government Integrity Index4467.5
Corruption Perceptions Index3957
Life expectancy at birth, years76.182.6
Suicide mortality rate, per 100,000 people15.626.9
Mortality caused by road traffic injury, per 100,000 people7.49.8
Intentional homicides, per 100,000 people1.10.6
International tourism, number of arrivals1.7M15.3M

Government debt & reserves

StatSerbiaSouth Korea
Central government debt, % of GDP54.3%40.7%
External debt stocks, % of GNI71.7%N/A
External debt stocks$34.3BN/A
Short-term debt, % of total reserves16.4%N/A
Total debt service, % of exports and primary income22.3%N/A
Adjusted net savings including particulate emission damage, % of GNI-3.2%20.1%
Gross savings, % of GDP18.6%34.7%
Gross capital formation, % of GDP22.7%30.2%
Total reserves including gold$12.9B$403.1B
Foreign direct investment net inflows$4.1B$14.5B

Exports, imports and economic structure

StatSerbiaSouth Korea
Exports of goods and services, % of GDP50.8%44%
Imports of goods and services, % of GDP59.3%39%
Current account balance (balance of payments)-$2.6B$76.4B
Revenue excluding grants, % of GDP32.8%27.8%
Grants excluding technical cooperation, BoP$334.6M$6.7M
Personal remittances received$4.3B$7.1B
Industry including construction value added, % of GDP25.5%35.1%
Agriculture, forestry and fishing value added, % of GDP6.3%2%
Charges for the use of intellectual property, payments BoP$289.7M$9.9B
Charges for the use of intellectual property, receipts BoP$57.9M$7.8B
Expense, % of GDP36.9%25.4%
Government Expenditure, % of GDP40.9%32.8%

Compare with countries close by GDP per capita

Serbia vs

CountryGDP
per capita
Population
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
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M

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