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South Korea - ECONOMIC INDICATORS
Economic forecasts - General economic indicators - Investments - Foreign Trade


Economic forecasts


 
Indicators
2005
2006
GDP (USD billion)
799.747  
852.735  
Real GDP growth (constant prices)
3.8 % 
5.0 %
GDP per capita (USD)
16492.903  
17437.629  
Inflation rate
2.8 % 
2.9 % 
Source : IMF - 2005 data


General economic indicators

Indicators 2002 2003 2004
GDP (USD billion) 546.7   608.1   679.7  
Real GDP growth (constant prices) 7.0 % 3.1 % 4.6 %
GDP per capita (USD) 11936   12236   12743  
Inflation rate 2.7 % 3.6 % 3.6 %
Unemployment rate 3.1%   3.4%   3.5%  
External debt (USD billion) ..   ..   ..  
Won rate on 12/31 (1 US$)   1199.7   1194.7   1047.4  
Sources : IMF - 2005 data, World bank, Oanda


GDP per activity sector 2002 2003 2004
Agriculture and fishing 3.6%   3.2%   ..  
Industry and mining 33.8%   34.6%     ..  
Services 62.6%   62.2%     ..  
Sources : World bank


Investments


FDI inflows (USD million) 2002 2003 2004 World rank
Foreign Direct Investments (F.D.I.) 2975   3785   7687   17 / 197
Source : UNCTAD "World Investment Report 2005 "


Foreign Trade


General indicators


Indicators (USD billion) 2002 2003 2004
Imports of goods (f.o.b.) 148.6   175.5   219.6  
Export of goods (f.o.b) 163.4   197.6   257.7  
Trade balance 14.8   22.2   38.2  
Balance of payments 5.4   12.3   27.6  
Sources : World bank, IMF


Indicators 2002 2003 2004
Share of foreign trade in GDP 69.1%   73.8%   ..  
Share of imports in GDP 33.9%   35.6%   ..  
Share of exports in GDP 35.3%   38.2%   ..  
Imports of goods and services (percent change) 15.2%   9.7%   ..  
Exports of goods and services (percent change) 13.3%   15.7%   ..  
Sources : World bank, IMF


Trade in goods/services by major category


2003 Imports Exports
Total Trade in Goods (USD billion):     175.5     197.6    
Agricultural raw materials 3%   1%  
Food products 6%   1%  
Hydrocarbons 22%   4%  
Manufactured products (chemicals, machines,...) 64%   93%  
Ores and metals 6%   1%  
Other goods -1%   0%  


2003 Imports Exports
Total Trade in Services (USD billion): 40   33  
Transport 34%   54%  
Tourisme 25%   17%  
Other services (insurance, financial services, telecommunications,...) 41%   29%  
Source : World Bank


Trade Data, by HS Code :
Source : www.intracen.org, last available data


Trade by partner countries



Main clients
(% of exports)
2004
China   19.6%  
USA   16.9%  
Japan   8.5%  
China, Hong Kong SAR   7.1%  
Other Asia, nes   3.9%  

Main suppliers
(% of imports)
2004
Japan   20.6%  
China   13.2%  
USA   12.9%  
Saudi Arabia   5.3%  
Germany   3.8%  
Source : COMTRADE


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Last modified in October 2005
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