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Facts & Stats

About Korea

General overview

About Korea
Country Republic of Korea (ROK)
Capital Seoul
Size 100,460㎢
Population 51,806,977 (as of July 2018, source: MOIS)
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 2015 2016 2017 2018 2019
GDP
(USD Bn.)
1,383 1,415 1,531 1,619 2,174
Per capita GDP
(USD)
27,097 27,607 29,744 31,370 42,136
Economic growth
rate (%)
2.8 2.9 3.1 2.7 2.0
Consumer price
index (%)
0.7 1.0 1.9 1.5 0.5
Employment
rate (%)
65.9 66.1 66.6 66.6 67.1
Trade volume
(USD Mil.)
963,256 901,619 1,052,172 1,140,062 1,045,576
Exports
(USD Mil.)
Amount 526,757 495,426 573,694 604,860 542,233
Growth rate(%) -8.0 -5.9 15.8 5.4 -10.4
Imports
(USD Mil.)
Amount 436,499 406,193 478,478 535,202 503,343
Growth rate(%) -16.9 -6.9 17.8 11.9 -6.0
Trade balance
(USD Mil.)
90,258 89,233 95,216 69,657 38,890
FDI
(USD Mil.)
20,910 21,299 22,943 26,901 23,329
Foreign exchange
reserves (USD Mil.)
367,962 371,102 389,267 403,694 407,460
Foreign exchange
(WON/USD)
1,172.5 1,207.7 1,070.5 1,115.7 1,156.4
Bank of Korea
base rate(%)
1.5 1.3 1.5 1.8 1.3

Source: IMF, Bank of Korea, Statistics Korea, KITA, MOTIE
Note: GDP valued at current price. FDI is based on amounts declared. Yearly foreign exchange is based on selling rates. Foreign exchange is based on closing rates.

GDP

Economic growth rate

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Consumer price index

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Bank of Korea base rate

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Foreign exchange

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FDI

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