S Korea Economy 4-25-24

Nominal GDP is $1.722T, Per Capita GDP is $33,147, Population is 51,784,059, Debt to GDP is 51.4%.  

Inflation 2021-2024 is 11.55%, Unemployment is 2.7%. Trade deficit is $9.97B. Average income is $35,364. In 2023 S Korea’s global share of manufactured goods was 3%. 

Exports include cars, auto parts, auto batteries and consumer electronics and gasoline.

Imports include Oil, gasoline and integrated circuits and rice.

Crops grown in S Korea include rice, wheat, barley, corn, soybeans, fruits and vegetables.

Livestock raised includes beef cattle, dairy cattle and pigs.

The urban population is 80% at 42,039,227. The rural population is 20% at 9,588,890.

S Korea’s car companies include KIA and Hyundai. S Korea’s consumer electronics companies included Samsung and LG.

The US has 28,500 troops deployed in S Korea. We also buy KIAs and Hundis, so we’re doing our part.

Norb Leahy, Dunwoody GA Tea Party Leader