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South Korea vs Togo: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Togo ranked 154th with $5.4B. By GDP 5-years average growth and GDP per capita, South Korea and Togo ranked 93rd vs 27th and 33rd vs 185th, respectively.

Gross Domestic Product & Income

StatSouth KoreaTogo
GDP$1.6T$5.4B
GDP growth, 1 year2.7%4.7%
GDP growth, 5-years average3%5.3%
Population51.1M6.3M
GDP per capita$31k$679
GDP per capita growth2.33%2.38%
Purchasing Power Parity conversion factor860.51212.6
Price level ratio of PPP conversion factor GDP to market exchange rate0.780.38
GDP per capita, PPP adjusted$41k$1.7k
GNI, Atlas method$1.6T$5.2B
GNI per capita$31k$660
GNI, PPP adjusted$2.1T$14B
GNI per capita, PPP adjusted$40k$1.8k

Financial system and Human development

StatSouth KoreaTogo
Income Tax Rate42%45%
Corporate Tax Rate25%27%
Inflation, consumer prices1.5%0.7%
Inflation, GDP deflator0.3%1.3%
Unemployment3.8%1.7%
Economic Freedom Index7454.1
Personal Freedom Index8.845.73
Human Freedom Index8.155.67
Property Rights Index82.541.6
Judical Effectiveness Index6131.7
Business Freedom Index90.555
Fiscal Health Index96.759.4
Labor Freedom Index56.246.9
Investment Freedom Index7065
Financial Freedom Index7030
Trade Freedom Index8063.2
Monetary Freedom Index82.179.5
Government Spending Index67.778.6
Tax Burden Index63.967.5
Government Integrity Index67.531.2
Corruption Perceptions Index5730
Life expectancy at birth, years82.660.5
Suicide mortality rate, per 100,000 people26.99.6
Mortality caused by road traffic injury, per 100,000 people9.829.2
Intentional homicides, per 100,000 people0.69
International tourism, number of arrivals15.3M573k

Government debt & reserves

StatSouth KoreaTogo
Central government debt, % of GDP40.7%74.6%
External debt stocks, % of GNIN/A33.3%
External debt stocksN/A$1.8B
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/A5%
Adjusted net savings including particulate emission damage, % of GNI20.1%-7.5%
Gross savings, % of GDP34.7%21.4%
Gross capital formation, % of GDP30.2%25.3%
Total reserves including gold$403.1BN/A
Foreign direct investment net inflows$14.5B$102M

Exports, imports and economic structure

StatSouth KoreaTogo
Exports of goods and services, % of GDP44%31.3%
Imports of goods and services, % of GDP39%42.3%
Current account balance (balance of payments)$76.4B-$96.4M
Revenue excluding grants, % of GDP27.8%20.3%
Grants excluding technical cooperation, BoP$6.7M$167.4M
Personal remittances received$7.1B$495.2M
Industry including construction value added, % of GDP35.1%15.5%
Agriculture, forestry and fishing value added, % of GDP2%23.4%
Charges for the use of intellectual property, payments BoP$9.9B$2.3M
Charges for the use of intellectual property, receipts BoP$7.8B$12k
Expense, % of GDP25.4%17.9%
Government Expenditure, % of GDP32.8%26.7%

Compare with countries close by GDP per capita

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

Togo vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
3.54M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
26.2M
Benin
$902
10M
Mali
$900
18.5M
Guinea
$879
11.6M
Haiti
$868
10.3M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.52M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
11M
Gambia
$716
1.86M
Burkina Faso
$715
19.2M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
22.9M
Afghanistan
$521
34.9M
Mozambique
$499
25.8M
Central African Republic
$476
4.99M
Niger
$414
17.1M
Malawi
$389
18.6M
Somalia
$315
11M