The population of
South Korea is 51 million with a land area of 38,691 square miles. Labor force
is 28 million. Labor force by occupation is agriculture 5%, industry 25%,
services 70%.
Nominal GDP is $1.66
trillion, GDP rank is 11th. GDP growth is 2.7%, Nominal per capita
GDO is $32,774. GDP by sector is agriculture 2%, industry 39%, services 58%.
Poverty is 14%. Inflation is 2%.Unemployment is 3.7%.
Main industries are
electronics, telecommunications, automobiles, chemicals, shipbuilding and
steel. Ease of doing business rank 5th.
Exports peaked at $577
billion in 2017, but declined in 2018. Exported goods included semiconductors,
wireless telecommunications equipment, motor vehicles, computers, steel, ships
and petrochemicals sold to China 25%, US 12%, Vietnam 8%, Hong Kong 7%, Japan
5%
Imports were $458
billion in 2017 including machinery, electronics, electronic equipment, oil,
steel, transport equipment, organic chemicals and plastics from China 20.5%,
Japan 11.5%, US 10.5%, Germany 4.2%, Saudi Arabia 4.1%.
Government revenue
$357 billion, spending $336 billion. Debt to GDP 40%. External debt is $385
billion. Foreign reserves are $385 billion.
Norb Leahy, Dunwoody
GA Tea Party Leader
No comments:
Post a Comment