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Facts & Stats

About Korea

General overview

About Korea
Country Republic of Korea (ROK)
Capital Seoul
Size 100,460㎢
Population 51,779,148 (as of 2018, source: MOI)
Language Korean
Religions Buddhists (24%), Protestants (23%), Catholics (8%), others (0.8%), none (44.2%)
Climate Continental climate with four distinct seasons
Time Difference GMT + 9 hours
Political System Democratic republic, presidential system
Economic Scope World's 11th largest economy (by GDP as of 2017, source: IMF), an OECD member
Currency KRW
Leading Industries ICT, electronics, semiconductor, automobile, shipbuilding, steel, petrochemical, etc.

 

Economic indicators

년도별 경제지표
Classification 2013 2014 2015 2016 2017
GDP
(USD Bn.)
1,306 1,411 1,383 1,411 1,529
Per capita GDP
(USD)
25,886 27,805 27,097 27,533 29,730
Economic growth rate
(%)
2.9 3.3 2.8 2.8 3.1
Consumer price index
(%)
1.3 1.3 0.7 1.0 1.9
Employment rate
(%)
59.5 60.2 60.3 60.4 60.7
Trade volume
(USD Mil.)
1,075,218 1,098,180 963,256 901,619 1,052,131
Exports
(USD Mil.)
Amount 559,632 572,665 526,757 495,426 573,717
Growth rate(%) 2.1 2.3 -8.0 -5.9 15.8
Imports
(USD Mil.)
Amount 515,586 525,515 436,499 406,193 478,414
Growth rate(%) -0.8 1.9 -16.9 -6.9 17.8
Trade balance
(USD Mil.)
44,047 47,150 90,258 89,233 95,303
FDI
(USD Mil.)
14,548 19,000 20,910 21,299 22,940
Foreign exchange reserves
(USD Mil.)
346,460 363,593 367,962 371,102 389,267
Foreign exchange
(WON/USD)
1,095.04 1,053.22 1,131.49 1,160.50 1,130.84
Bank of Korea base rate(%) 2.50 2.00 1.50 1.25 1.50


* Source: IMF, Bank of Korea, Statistics Korea, KITA, MOTIE

* Note: FDI is based on amounts declared. Yearly foreign exchange is based on selling rates.

GDP

GDP(단위:USD Bn.)
  • 2011 : 1,150
  • 2012 : 1,129
  • 2013 : 1,304
  • 2014 : 1,410
  • 2015 : 1,435

Economic growth rate

경제성장률(%)
  • 2011 : 3.7%
  • 2012 : 2.0%
  • 2013 : 3.0%
  • 2014 : 3.3%
  • 2015(상반기) : 0.3%

Consumer price index

물가상승률(%)
  • 2011 : 4.0%
  • 2012 : 2.2%
  • 2013 : 1.3%
  • 2014 : 1.3%
  • 2015(8월) : 0.2%

Bank of Korea base rate

한국은행 기준금리(%)
  • 2011 : 4.0%
  • 2012 : 2.2%
  • 2013 : 1.3%
  • 2014 : 1.3%

Foreign exchange

FDI

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