Economy of Korea

Imports
Imports commoditiesmachinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics
Import partnersChina 16.5%, Japan 13%, US 8.5%, Saudi Arabia 7.1%, Australia 5% (2011 est.)
Exports
Exports commoditiessemiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals
Export partnersChina 24.4%, US 10.1%, Japan 7.1% (2011 est.)
Economy sectors
Agriculture productsrice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish
Industrial productselectronics, telecommunications, automobile production, chemicals, shipbuilding, steel
Economy
Unemployment3.20 % (2013)3.20 % (2012)3.40 % (2011)
Unemployment of Korea
GDP - Official Exchange Rate1.20 Trillion $ (2013)1.11 Trillion $ (2012)1.20 Trillion $ (2011)
GDP - Official Exchange Rate of Korea
GDP growth rate2.80 % (2013)2.00 % (2012)3.60 % (2011)
GDP growth rate of Korea
GDP per Capita (PPP)33,200 $ (2013)31,900 $ (2012)31,700 $ (2011)
GDP per Capita (PPP) of Korea
GDP - Purchasing Power Parity1.67 Trillion $ (2013)1.60 Trillion $ (2012)1.58 Trillion $ (2011)
GDP - Purchasing Power Parity of Korea
GDP PPP per land area16.7 Million $ per square kilometer (2013)16.0 Million $ per square kilometer (2012)15.8 Million $ per square kilometer (2011)
GDP PPP per land area of Korea
ElectricityBanking
Central bank discount rate2.50 % (2013)1.50 % (2011)1.25 % (2009)
Central bank discount rate of Korea
Commercial bank prime lending rate4.70 % (2013)5.39 % (2012)5.77 % (2011)
Commercial bank prime lending rate of Korea
GDP decomposition by sector
Agriculture % of GDP2.60 % (2013)2.70 % (2012)
Industry % of GDP39.2 % (2013)39.8 % (2012)
Services % of GDP58.2 % (2013)57.5 % (2012)
Tourism
International tourism, number of arrivals11.1 Million (2012)9.80 Million (2011)8.80 Million (2010)
International tourism, number of arrivals of Korea
International tourism, number of departures13.7 Million (2012)12.7 Million (2011)12.5 Million (2010)
International tourism, number of departures of Korea
Yearly Tourist arrivals to residents ratio22.8 % (2012)20.1 % (2011)17.8 % (2010)
Yearly Tourist arrivals to residents ratio of Korea
Debt, Current Account Balance and Budget Deficit
Public debt (Percentage of GDP)35.8 % of GDP (2013)35.1 % of GDP (2012)33.6 % of GDP (2011)
Public debt (Percentage of GDP) of Korea
Current Account Balance (Percentage of GDP)3.54 % of GDP (2012)2.17 % of GDP (2011)2.69 % of GDP (2010)
Current Account Balance (Percentage of GDP) of Korea
Current Account Balance (Total)55.7 Billion $ (2013)43.3 Billion $ (2012)26.5 Billion $ (2011)
Current Account Balance (Total) of Korea
External Debt (Total)431 Billion $ (2013)420 Billion $ (2012)450 Billion $ (2011)
External Debt (Total) of Korea
External Debt (Percentage of GDP)36.0 % of GDP (2013)37.7 % of GDP (2012)37.4 % of GDP (2011)
External Debt (Percentage of GDP) of Korea
External Debt per Capita8,802 $ (2013)8,604 $ (2012)9,222 $ (2011)
External Debt per Capita of Korea