OECD Economic Surveys: Korea 2024
Basic Statistics of Korea, 2022
Copy link to Basic Statistics of Korea, 2022(Numbers in parentheses refer to the OECD average)*
|
LAND, PEOPLE AND ELECTORAL CYCLE |
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|---|---|---|---|---|---|
|
Population (million) |
51.6 |
Population density per km² |
529.0 |
(39.0) |
|
|
Under 15 (%) |
11.6 |
(17.2) |
Life expectancy at birth (years) |
82.7 |
(79.6) |
|
Over 65 (%) |
17.5 |
(18.0) |
Men |
79.9 |
(77.0) |
|
International migrant stock (% of population, 2019) |
2.3 |
(13.2) |
Women |
85.6 |
(82.4) |
|
Latest 5-year average growth (%) |
0.1 |
(0.4) |
Latest general election |
March 2022 |
|
|
ECONOMY |
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|
Gross domestic product (GDP) |
Headline inflation (y-o-y % change, May-2024, OECD: Apr-2024) |
2.7 |
(5.7) |
||
|
In current prices (billion USD) |
1830.7 |
Key monetary policy rate (%, June-2024) |
3.50 |
||
|
In current prices (trillion KRW) |
2323.8 |
Value added shares (%) |
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|
Latest 5-year average real growth (%) |
2.4 |
(1.7) |
Agriculture, forestry and fishing |
1.8 |
(2.8) |
|
Per capita (000 USD PPP)** |
55.5 |
(56.0) |
Industry including construction |
34.7 |
(28.0) |
|
Services |
63.5 |
(69.2) |
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|
GENERAL GOVERNMENT (Per cent of GDP) |
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|
Expenditure |
38.0 |
(42.9) |
Gross financial debt (2021, OECD; 2022) |
47.6 |
(113.2) |
|
Revenue |
36.3 |
(39.6) |
Net financial debt |
23.4 |
(67.4) |
|
EXTERNAL ACCOUNTS |
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|
Exchange rate (KRW per USD) |
1288.37 |
Main exports (% of total merchandise exports) |
|||
|
PPP exchange rate (USA = 1) |
810.43 |
Machinery and electronics |
41.5 |
||
|
In per cent of GDP |
Transportation |
14.0 |
|||
|
Exports of goods and services |
45.3 |
(33.4) |
Chemicals |
10.3 |
|
|
Imports of goods and services |
45.3 |
(34.8) |
Main imports (% of total merchandise imports) |
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|
Current account balance |
1.3 |
(-1.0) |
Fuels |
29.9 |
|
|
Net international investment position |
42.8 |
Machinery and electronics |
27.4 |
||
|
Chemicals |
9.1 |
||||
|
LABOUR MARKET, SKILLS AND INNOVATION |
|||||
|
Employment rate (aged 15 and over, %) |
62.1 |
(57.5) |
Unemployment rate, LFS (aged 15 and over, %) |
2.9 |
(5.0) |
|
Men |
71.5 |
(65.3) |
Youth (aged 15-24, %) |
7.0 |
(10.9) |
|
Women |
52.9 |
(50.1) |
Long-term unemployed (1 year and over, %) |
0.0 |
(1.2) |
|
Participation rate (aged 15 and over, %) |
63.9 |
(60.6) |
Tertiary educational attainment (aged 25-64, %) |
52.8 |
(40.7) |
|
Average hours worked per year |
1901 |
(1752) |
Gross domestic expenditure on R&D (% of GDP, 2021) |
4.9 |
(2.9) |
|
ENVIRONMENT |
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|
Total primary energy supply per capita (toe) |
5.6 |
(3.8) |
CO2 emissions from fuel combustion per capita (tonnes) |
10.6 |
(7.8) |
|
Renewables (%) |
2.5 |
(12.0) |
Water abstractions per capita (1 000 m³, 2020) |
0.4 |
|
|
Exposure to air pollution (more than 10 μg/m³ of PM 2.5, % of population, 2020) |
99.1 |
(56.5) |
Municipal waste per capita (2020) |
0.4 |
(0.5) |
|
SOCIETY |
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|
Income inequality (Gini coefficient, OECD: latest available) |
0.324 |
(0.316) |
Education outcomes (PISA 2022 score) |
||
|
Relative poverty rate (%, OECD: 2020) |
14.9 |
(11.7) |
Reading |
515 |
(476) |
|
Median disposable household income (000 USD PPP, 2021, OECD: 2020) |
31.9 |
(26.7) |
Mathematics |
527 |
(472) |
|
Public and private spending (% of GDP) |
Science |
528 |
(485) |
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|
Health care |
9.7 |
(9.2) |
Share of women in parliament (%) |
18.6 |
(32.5) |
|
Pensions (2020, OECD: 2019) |
4.7 |
(9.5) |
Net official development assistance (% of GNI) |
0.2 |
(0.4) |
|
Education (% of GNI, 2021) |
3.8 |
(4.4) |
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* The year is indicated in parenthesis if it deviates from the year in the main title of this table. Where the OECD aggregate is not provided in the source database, a simple OECD average of latest available data is calculated where data exist for at least 80% of member countries.
** OECD aggregate refers to weighted average. Source: Calculations based on data extracted from databases of the following organisations: OECD, International Energy Agency, International Labour Organisation, International Monetary Fund, United Nations, World Bank.