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Economy South Korea
Flag of South Korea South Korea
Population: 48,598,175 (July 2004 est.)
Capital: Seoul
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Tabular Data - The Korean Economy

GDP : purchasing power parity - $857.8 billion (2003 est.)
GDP - Real Growth Rate : 3.1% (2003 est.)
GDP - Per Capita : purchasing power parity - $17,800 (2003 est.)
GDP - Composition By Sector : agriculture: 3.6%
industry: 36.4%
services: 60% (2003 est.)
Population Below Poverty Line : 4% (2001 est.)
Household Income or Consumption by Percentage : lowest 10%: 2.9%
highest 10%: 22.5% (1999 est.)
Inflation Rate (Consumer Prices) : 3.6% (2003 est.)
Labor Force : 22.92 million (2003)
Labor Force - By Occupation : agriculture 8.8%, industry 19.1%, services 72.1% (2001)
Budget : revenues: $135.5 billion
expenditures: $128.7 billion, including capital expenditures of $23.5 billion (2003)
Industries : electronics, telecommunications, automobile production, chemicals, shipbuilding, steel
Industrial Production Growth Rate : 5.1% (2003 est.)
Electricity - Production : 290.7 billion kWh (2001)
Electricity - Production by Source : fossil fuel: 62.4%
hydro: 0.8%
nuclear: 36.6%
other: 0.2% (2001)
Electricity - Consumption : 270.3 billion kWh (2001)
Agriculture - Products : rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish
Exports : $201.3 billion f.o.b. (2003 est.)
Exports - Commodities : Semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals
Exports - Partners : China 20.1%, US 17.9%, Japan 8.4%, Hong Kong 5.2%, Taiwan 4.3% (2003 est.)
Imports : $175.6 billion f.o.b. (2003 est.)
Imports - Commodities : machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics
Imports - Partners : Japan 20.5%, US 14.2%, China 11.8%, Saudi Arabia 5.1% (2003 est.)
Debt - External : $130.3 billion (2003 est.)
Economic Aid - Donor : ODA $200 million
Currency : South Korean won (KRW)
Currency Code : KRW
Exchange Rates : South Korean won per US dollar - 1,191.61 (2003), 1,251.09 (2002), 1,290.99 (2001), 1,130.96 (2000), 1,188.82 (1999)
Fiscal Year : Calendar Year

Country References
Country profile data for South Korea

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Data Source: Central Intelligence Agency 2004 World Factbook