South Korea vs Tuvalu: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Tuvalu ranked 196th with $42.6M. By GDP per capita, South Korea and Tuvalu ranked 33rd vs 124th, respectively.

Gross Domestic Product & Income

Stat	South Korea	Tuvalu
GDP	$1.6T	$42.6M
GDP growth, 1 year	2.7%	2.5%
GDP growth, 5-years average	3%	N/A
Population	51.5M	11k
GDP per capita	$31k	$3.7k
GDP per capita growth	2.33%	1.27%
Purchasing Power Parity conversion factor	860.51	1.22
Price level ratio of PPP conversion factor GDP to market exchange rate	0.78	0.91
GDP per capita, PPP adjusted	$41k	$4k
GNI, Atlas method	$1.6T	$62.5M
GNI per capita	$31k	$5.4k
GNI, PPP adjusted	$2.1T	$70.2M
GNI per capita, PPP adjusted	$40k	$6.1k

Financial system and Human development

Stat	South Korea	Tuvalu
Income Tax Rate	42%	N/A
Corporate Tax Rate	25%	N/A
Inflation, consumer prices	1.5%	N/A
Inflation, GDP deflator	0.3%	4.9%
Unemployment	3.8%	8.5%
Economic Freedom Index	74	60
Personal Freedom Index	8.84	6.2
Human Freedom Index	8.15	6.1
Property Rights Index	82.5	N/A
Judical Effectiveness Index	61	N/A
Business Freedom Index	90.5	N/A
Fiscal Health Index	96.7	N/A
Labor Freedom Index	56.2	N/A
Investment Freedom Index	70	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	80	N/A
Monetary Freedom Index	82.1	N/A
Government Spending Index	67.7	N/A
Tax Burden Index	63.9	N/A
Government Integrity Index	67.5	N/A
Corruption Perceptions Index	57	48
Life expectancy at birth, years	82.6	66
Suicide mortality rate, per 100,000 people	26.9	1
Mortality caused by road traffic injury, per 100,000 people	9.8	0.2
Intentional homicides, per 100,000 people	0.6	18.7
International tourism, number of arrivals	15.3M	2.7k

Government debt & reserves

Stat	South Korea	Tuvalu
Central government debt, % of GDP	40.7%	N/A
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	20.1%	N/A
Gross savings, % of GDP	34.7%	N/A
Gross capital formation, % of GDP	30.2%	N/A
Total reserves including gold	$403.1B	N/A
Foreign direct investment net inflows	$14.5B	$299k

Exports, imports and economic structure

Stat	South Korea	Tuvalu
Exports of goods and services, % of GDP	44%	N/A
Imports of goods and services, % of GDP	39%	N/A
Current account balance (balance of payments)	$76.4B	$6.8M
Revenue excluding grants, % of GDP	27.8%	N/A
Grants excluding technical cooperation, BoP	$6.7M	$9.6M
Personal remittances received	$7.1B	$4M
Industry including construction value added, % of GDP	35.1%	7.3%
Agriculture, forestry and fishing value added, % of GDP	2%	16.5%
Charges for the use of intellectual property, payments BoP	$9.9B	N/A
Charges for the use of intellectual property, receipts BoP	$7.8B	$14k
Expense, % of GDP	25.4%	N/A
Government Expenditure, % of GDP	32.8%	N/A