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South Korea vs Turkey: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Turkey ranked 19th with $771.4B. By GDP 5-years average growth and GDP per capita, South Korea and Turkey ranked 93rd vs 36th and 33rd vs 78th, respectively.

Gross Domestic Product & Income

StatSouth KoreaTurkey
GDP$1.6T$771.4B
GDP growth, 1 year2.7%2.6%
GDP growth, 5-years average3%4.9%
Population51.1M82M
GDP per capita$31k$9.4k
GDP per capita growth2.33%1.31%
Purchasing Power Parity conversion factor860.511.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.780.33
GDP per capita, PPP adjusted$41k$28k
GNI, Atlas method$1.6T$858.1B
GNI per capita$31k$10k
GNI, PPP adjusted$2.1T$2.3T
GNI per capita, PPP adjusted$40k$28k

Financial system and Human development

StatSouth KoreaTurkey
Income Tax Rate42%35%
Corporate Tax Rate25%22%
Inflation, consumer prices1.5%16.3%
Inflation, GDP deflator0.3%16.4%
Unemployment3.8%10.9%
Economic Freedom Index7464.4
Personal Freedom Index8.846.97
Human Freedom Index8.156.96
Property Rights Index82.557.4
Judical Effectiveness Index6153.7
Business Freedom Index90.567
Fiscal Health Index96.786.1
Labor Freedom Index56.249.2
Investment Freedom Index7070
Financial Freedom Index7060
Trade Freedom Index8078
Monetary Freedom Index82.166.1
Government Spending Index67.764.1
Tax Burden Index63.976.7
Government Integrity Index67.544.6
Corruption Perceptions Index5741
Life expectancy at birth, years82.677.2
Suicide mortality rate, per 100,000 people26.97.3
Mortality caused by road traffic injury, per 100,000 people9.812.3
Intentional homicides, per 100,000 people0.64.3
International tourism, number of arrivals15.3M45.8M

Government debt & reserves

StatSouth KoreaTurkey
Central government debt, % of GDP40.7%29.1%
External debt stocks, % of GNIN/A59%
External debt stocksN/A$445.1B
Short-term debt, % of total reservesN/A124.1%
Total debt service, % of exports and primary incomeN/A36.7%
Adjusted net savings including particulate emission damage, % of GNI20.1%11.4%
Gross savings, % of GDP34.7%27.1%
Gross capital formation, % of GDP30.2%29.6%
Total reserves including gold$403.1B$93B
Foreign direct investment net inflows$14.5B$13.1B

Exports, imports and economic structure

StatSouth KoreaTurkey
Exports of goods and services, % of GDP44%29.5%
Imports of goods and services, % of GDP39%30.6%
Current account balance (balance of payments)$76.4B-$27B
Revenue excluding grants, % of GDP27.8%30.7%
Grants excluding technical cooperation, BoP$6.7M$1.3B
Personal remittances received$7.1B$1.1B
Industry including construction value added, % of GDP35.1%29.5%
Agriculture, forestry and fishing value added, % of GDP2%5.8%
Charges for the use of intellectual property, payments BoP$9.9B$726M
Charges for the use of intellectual property, receipts BoP$7.8B$29M
Expense, % of GDP25.4%33.9%
Government Expenditure, % of GDP32.8%34.6%

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

Turkey vs

CountryGDP
per capita
Population
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
Saint Lucia
$11k
179k
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
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
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M