OECD Economic Surveys: Korea 2022
Basic statistics of Korea, 2021
(Numbers in parentheses refer to the OECD average)1
|
LAND, PEOPLE AND ELECTORAL CYCLE |
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|---|---|---|---|---|---|
|
Population (million, 2020) |
51.8 |
|
Population density per km² (2020) |
531.0 |
(38.7) |
|
Under 15 (%, 2020) |
12.1 |
(17.8) |
Life expectancy at birth (years, 2020) |
83.5 |
(79.7) |
|
Over 65 (%, 2020) |
16.0 |
(17.4) |
Men (2020) |
80.5 |
(77.0) |
|
International migrant stock (% of the population, 2020) |
3.3 |
(13.2) |
Women (2020) |
86.5 |
(82.5) |
|
Latest 5-year average growth (%) |
0.3 |
(0.6) |
Latest general election |
March 2022 |
|
|
ECONOMY |
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|
Gross domestic product (GDP) |
Value added shares (%, 2020) |
||||
|
In current prices (billion USD) |
1798.0 |
|
Agriculture, forestry and fishing |
2.0 |
(2.7) |
|
In current prices (trillion KRW) |
2056.5 |
|
Industry including construction |
35.6 |
(26.2) |
|
Latest 5-year average real growth (%) |
2.3 |
(1.5) |
Services |
62.4 |
(71.1) |
|
Per capita (000 USD PPP, 2020) |
45.3 |
(46.1) |
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|
GENERAL GOVERNMENT (Per cent of GDP) |
|||||
|
Expenditure (2020) |
37.6 |
(48.5) |
Gross financial debt (2019, OECD: 2020) |
44.2 |
(133.5) |
|
Revenue (2020) |
35.3 |
(38.1) |
Net financial debt (2019, OECD: 2020) |
11.7 |
(81.2) |
|
EXTERNAL ACCOUNTS |
|||||
|
Exchange rate (KRW per USD) |
1143.76 |
|
Main exports (% of total merchandise exports, 2020) |
||
|
PPP exchange rate (USA = 1) |
808.46 |
|
Machinery and transport equipment |
59.1 |
|
|
In per cent of GDP |
|
Chemicals and related products, n.e.s. |
14.6 |
||
|
Exports of goods and services |
41.6 |
(54.6) |
Manufactured goods |
12.1 |
|
|
Imports of goods and services |
38.1 |
(51.1) |
Main imports (% of total merchandise imports, 2020) |
||
|
Current account balance |
4.8 |
(0.1) |
Machinery and transport equipment |
37.4 |
|
|
Net international investment position |
35.5 |
|
Mineral fuels, lubricants and related materials |
18.3 |
|
|
Chemicals and related products, n.e.s. |
10.9 |
||||
|
LABOUR MARKET, SKILLS AND INNOVATION |
|||||
|
Employment rate (aged 15 and over, %, OECD: 2020) |
60.5 |
(55.1) |
Unemployment rate, Labour Force Survey (aged 15 and over, %, OECD: 2020) |
3.7 |
(7.1) |
|
Men (OECD: 2020) |
70.0 |
(63.0) |
Youth (aged 15-24, %) |
8.5 |
(12.8) |
|
Women (OECD: 2020) |
51.2 |
(47.7) |
Long-term unemployed (1 year and over, %) |
0.0 |
(1.3) |
|
Participation rate (aged 15 and over, %, OECD: 2020) |
62.8 |
(59.5) |
Tertiary educational attainment (aged 25-64, %, 2020) |
50.7 |
(39.0) |
|
Average hours worked per year (2020) |
1,908 |
(1,687) |
Gross domestic expenditure on R&D (% of GDP, 2018) |
4.5 |
(2.6) |
|
ENVIRONMENT |
|||||
|
Total primary energy supply per capita (toe, 2020) |
5.3 |
(3.7) |
CO2 emissions from fuel combustion per capita (tonnes, 2019) |
11.3 |
( 8.3) |
|
Renewables (%, 2020) |
2.3 |
(11.9) |
Water abstractions per capita (1 000 m³, 2018) |
0.4 |
|
|
Exposure to air pollution (more than 10 μg/m³ of PM 2.5, % of population, 2019) |
99.4 |
(61.7) |
Municipal waste per capita (tonnes, 2020) |
0.4 |
(0.5) |
|
SOCIETY |
|||||
|
Income inequality (Gini coefficient, Korea: 2020, OECD: 2018) |
0.331 |
(0.317) |
Education outcomes (PISA score, 2018) |
||
|
Relative poverty rate (%, Korea: 2020, OECD: 2018) |
15.3 |
(11.7) |
Reading |
514 |
(485) |
|
Median disposable household income (000 USD PPP, 2016) |
28.1 |
(25.4) |
Mathematics |
526 |
(487) |
|
Public and private spending (% of GDP) |
|
Science |
519 |
(487) |
|
|
Health care (2020, OECD: 2019) |
8.4 |
(8.8) |
Share of women in parliament (%, 2020) |
19.0 |
(31.5) |
|
Pensions (2018, OECD: 2017) |
3.9 |
(8.6) |
Net official development assistance (% of GNI, 2017) |
0.1 |
(0.4) |
|
Education (% of GNI, 2019) |
4.6 |
(4.4) |
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1. 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 the latest available data is calculated where data exist for at least 80% of member countries.
Source: Calculations based on data extracted from databases of the following organisations: OECD, IAE, ILO, IMF, United Nations, World Bank.