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)

GDP - Official Exchange Rate1.20 Trillion $ (2013)1.11 Trillion $ (2012)1.20 Trillion $ (2011)

GDP growth rate2.80 % (2013)2.00 % (2012)3.60 % (2011)

GDP per Capita (PPP)33,200 $ (2013)31,900 $ (2012)31,700 $ (2011)

GDP - Purchasing Power Parity1.67 Trillion $ (2013)1.60 Trillion $ (2012)1.58 Trillion $ (2011)

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)

Electricity

Banking

Central bank discount rate2.50 % (2013)1.50 % (2011)1.25 % (2009)

Commercial bank prime lending rate4.70 % (2013)5.39 % (2012)5.77 % (2011)

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 departures13.7 Million (2012)12.7 Million (2011)12.5 Million (2010)

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)

Current Account Balance (Percentage of GDP)3.54 % of GDP (2012)2.17 % of GDP (2011)2.69 % of GDP (2010)

Current Account Balance (Total)55.7 Billion $ (2013)43.3 Billion $ (2012)26.5 Billion $ (2011)

External Debt (Total)431 Billion $ (2013)420 Billion $ (2012)450 Billion $ (2011)

External Debt (Percentage of GDP)36.0 % of GDP (2013)37.7 % of GDP (2012)37.4 % of GDP (2011)

External Debt per Capita8,802 $ (2013)8,604 $ (2012)9,222 $ (2011)