South Korea vs Uruguay: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Uruguay ranked 79th with $59.6B. By GDP 5-years average growth and GDP per capita, South Korea and Uruguay ranked 93rd vs 129th and 33rd vs 52nd, respectively.

Gross Domestic Product & Income

StatSouth KoreaUruguay
GDP$1.6T$59.6B
GDP growth, 1 year2.7%2.1%
GDP growth, 5-years average3%2%
Population51.5M3.5M
GDP per capita$31k$17k
GDP per capita growth2.33%1.25%
Purchasing Power Parity conversion factor860.5122.52
Price level ratio of PPP conversion factor GDP to market exchange rate0.780.73
GDP per capita, PPP adjusted$41k$23k
GNI, Atlas method$1.6T$54B
GNI per capita$31k$16k
GNI, PPP adjusted$2.1T$75.7B
GNI per capita, PPP adjusted$40k$22k

Financial system and Human development

StatSouth KoreaUruguay
Income Tax Rate42%30%
Corporate Tax Rate25%25%
Inflation, consumer prices1.5%7.6%
Inflation, GDP deflator0.3%5.6%
Unemployment3.8%8%
Economic Freedom Index7469.1
Personal Freedom Index8.848.78
Human Freedom Index8.157.93
Property Rights Index82.572
Judical Effectiveness Index6159.8
Business Freedom Index90.573.6
Fiscal Health Index96.772.3
Labor Freedom Index56.271
Investment Freedom Index7085
Financial Freedom Index7030
Trade Freedom Index8077.4
Monetary Freedom Index82.172.7
Government Spending Index67.766.5
Tax Burden Index63.975.2
Government Integrity Index67.573.5
Corruption Perceptions Index5770
Life expectancy at birth, years82.677.6
Suicide mortality rate, per 100,000 people26.918.4
Mortality caused by road traffic injury, per 100,000 people9.813.4
Intentional homicides, per 100,000 people0.68.2
International tourism, number of arrivals15.3M3.5M

Government debt & reserves

StatSouth KoreaUruguay
Central government debt, % of GDP40.7%70%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI20.1%10.2%
Gross savings, % of GDP34.7%12%
Gross capital formation, % of GDP30.2%16.5%
Total reserves including gold$403.1B$15.6B
Foreign direct investment net inflows$14.5B$1.2B

Exports, imports and economic structure

StatSouth KoreaUruguay
Exports of goods and services, % of GDP44%21%
Imports of goods and services, % of GDP39%19%
Current account balance (balance of payments)$76.4B$75.7M
Revenue excluding grants, % of GDP27.8%34.4%
Grants excluding technical cooperation, BoP$6.7M$9.1M
Personal remittances received$7.1B$104.3M
Industry including construction value added, % of GDP35.1%24.5%
Agriculture, forestry and fishing value added, % of GDP2%5.6%
Charges for the use of intellectual property, payments BoP$9.9B$124.2M
Charges for the use of intellectual property, receipts BoP$7.8B$44.7M
Expense, % of GDP25.4%35%
Government Expenditure, % of GDP32.8%33.4%

Compare with countries close by GDP per capita

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

Uruguay vs

CountryGDP
per capita
Population
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
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M