South Korea vs Vietnam: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Vietnam ranked 47th with $245.2B. By GDP 5-years average growth and GDP per capita, South Korea and Vietnam ranked 93rd vs 17th and 33rd vs 138th, respectively.

Gross Domestic Product & Income

StatSouth KoreaVietnam
GDP$1.6T$245.2B
GDP growth, 1 year2.7%7.1%
GDP growth, 5-years average3%6.6%
Population51.5M94.7M
GDP per capita$31k$2.6k
GDP per capita growth2.33%6.02%
Purchasing Power Parity conversion factor860.517788.91
Price level ratio of PPP conversion factor GDP to market exchange rate0.780.34
GDP per capita, PPP adjusted$41k$7.5k
GNI, Atlas method$1.6T$225.9B
GNI per capita$31k$2.4k
GNI, PPP adjusted$2.1T$661.8B
GNI per capita, PPP adjusted$40k$6.9k

Financial system and Human development

StatSouth KoreaVietnam
Income Tax Rate42%35%
Corporate Tax Rate25%22%
Inflation, consumer prices1.5%3.5%
Inflation, GDP deflator0.3%3.4%
Unemployment3.8%1.9%
Economic Freedom Index7458.8
Personal Freedom Index8.846.65
Human Freedom Index8.156.31
Property Rights Index82.552.6
Judical Effectiveness Index6140.1
Business Freedom Index90.565.6
Fiscal Health Index96.758
Labor Freedom Index56.262.5
Investment Freedom Index7040
Financial Freedom Index7050
Trade Freedom Index8079.6
Monetary Freedom Index82.168.2
Government Spending Index67.775.9
Tax Burden Index63.979.5
Government Integrity Index67.533.8
Corruption Perceptions Index5733
Life expectancy at birth, years82.675.2
Suicide mortality rate, per 100,000 people26.97.3
Mortality caused by road traffic injury, per 100,000 people9.826.4
Intentional homicides, per 100,000 people0.61.5
International tourism, number of arrivals15.3M15.5M

Government debt & reserves

StatSouth KoreaVietnam
Central government debt, % of GDP40.7%57.5%
External debt stocks, % of GNIN/A46.7%
External debt stocksN/A$108.1B
Short-term debt, % of total reservesN/A35.3%
Total debt service, % of exports and primary incomeN/A7.1%
Adjusted net savings including particulate emission damage, % of GNI20.1%13.4%
Gross savings, % of GDP34.7%22.6%
Gross capital formation, % of GDP30.2%26.5%
Total reserves including gold$403.1B$55.5B
Foreign direct investment net inflows$14.5B$15.5B

Exports, imports and economic structure

StatSouth KoreaVietnam
Exports of goods and services, % of GDP44%105.8%
Imports of goods and services, % of GDP39%102.5%
Current account balance (balance of payments)$76.4B$5.9B
Revenue excluding grants, % of GDP27.8%N/A
Grants excluding technical cooperation, BoP$6.7M$411.2M
Personal remittances received$7.1B$15.9B
Industry including construction value added, % of GDP35.1%34.2%
Agriculture, forestry and fishing value added, % of GDP2%14.7%
Charges for the use of intellectual property, payments BoP$9.9BN/A
Charges for the use of intellectual property, receipts BoP$7.8BN/A
Expense, % of GDP25.4%N/A
Government Expenditure, % of GDP32.8%28.3%

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

Vietnam vs

CountryGDP
per capita
Population
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M