Field info displayed for all countries in alpha order.
South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world’s 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea’s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy’s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports – which comprise half of GDP.
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$1.549 trillion (2011 est.)

country comparison to the world: 13

$1.495 trillion (2010 est.)
$1.409 trillion (2009 est.)
note: data are in 2011 US dollars
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$1.164 trillion (2011 est.)
Field info displayed for all countries in alpha order.
3.6% (2011 est.)

country comparison to the world: 113

6.2% (2010 est.)
0.3% (2009 est.)
Field info displayed for all countries in alpha order.
$31,700 (2011 est.)

country comparison to the world: 40

$30,600 (2010 est.)
$28,900 (2009 est.)
note: data are in 2011 US dollars
Field info displayed for all countries in alpha order.
agriculture: 2.6%
industry: 39.2%
services: 58.2% (2008 est.)
Field info displayed for all countries in alpha order.
25.1 million (2011 est.)

country comparison to the world: 25

Field info displayed for all countries in alpha order.
agriculture: 6.4%
industry: 24.2%
services: 69.4% (2011 est.)
Field info displayed for all countries in alpha order.
3.4% (2011 est.)

country comparison to the world: 28

3.7% (2010 est.)
Field info displayed for all countries in alpha order.
15% (2006 est.)
Field info displayed for all countries in alpha order.
lowest 10%: 2.7%
highest 10%: 24.2% (2007)
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31 (2010)

country comparison to the world: 111

35.8 (2000)
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25.9% of GDP (2011 est.)

country comparison to the world: 59

Field info displayed for all countries in alpha order.
revenues: $267.9 billion
expenditures: $242 billion (2011 est.)
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23% of GDP (2011 est.)

country comparison to the world: 133

Field info displayed for all countries in alpha order.
2.2% of GDP (2011 est.)

country comparison to the world: 25

Field info displayed for all countries in alpha order.
33.3% of GDP (2011 est.)

country comparison to the world: 96

35.1% of GDP (2010 est.)
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4% (2011 est.)

country comparison to the world: 106

3% (2010 est.)
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1.5% (31 December 2011)

country comparison to the world: 131

1.25% (31 December 2009)
Field info displayed for all countries in alpha order.
5.9% (31 December 2011 est.)

country comparison to the world: 151

5.508% (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$369.6 billion (31 December 2011 est.)

country comparison to the world: 15

$352 billion (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$1.484 trillion (31 December 2011)

country comparison to the world: 13

$1.445 trillion (31 December 2010)
Field info displayed for all countries in alpha order.
$1.356 trillion (31 December 2011 est.)

country comparison to the world: 15

$1.275 trillion (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$996.7 billion (31 December 2011)

country comparison to the world: 14

$1.093 trillion (31 December 2010)
$836.5 billion (31 December 2009)
Field info displayed for all countries in alpha order.
rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish
Field info displayed for all countries in alpha order.
electronics, telecommunications, automobile production, chemicals, shipbuilding, steel
Field info displayed for all countries in alpha order.
3.8% (2011 est.)

country comparison to the world: 93

Field info displayed for all countries in alpha order.
459.5 billion kWh (2011 est.)

country comparison to the world: 11

Field info displayed for all countries in alpha order.
455.1 billion kWh (2011 est.)

country comparison to the world: 11

Field info displayed for all countries in alpha order.
0 kWh (2011)
Field info displayed for all countries in alpha order.
0 kWh (2011)
Field info displayed for all countries in alpha order.
48,400 bbl/day (2010 est.)

country comparison to the world: 62

Field info displayed for all countries in alpha order.
2.195 million bbl/day (2011 est.)

country comparison to the world: 10

Field info displayed for all countries in alpha order.
1.1 million bbl/day

country comparison to the world: 21

note: exports consist of oil derivatives (gasoline, light oil, and diesel), not crude oil (2011 est.)
Field info displayed for all countries in alpha order.
2.5 million bbl/day (2011 est.)

country comparison to the world: 8

Field info displayed for all countries in alpha order.
NA bbl (1 January 2011 est.)
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539.3 million cu m (2010 est.)

country comparison to the world: 68

Field info displayed for all countries in alpha order.
43 billion cu m (2010)

country comparison to the world: 21

Field info displayed for all countries in alpha order.
0 cu m (2010 est.)

country comparison to the world: 127

Field info displayed for all countries in alpha order.
42.38 billion cu m (2010 est.)

country comparison to the world: 8

Field info displayed for all countries in alpha order.
50 billion cu m (1 January 2008 est.)

country comparison to the world: 66

Field info displayed for all countries in alpha order.
$29.79 billion (2011 est.)

country comparison to the world: 17

$28.21 billion (2010 est.)
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$556.5 billion (2011 est.)

country comparison to the world: 8

$466.4 billion (2010 est.)
Field info displayed for all countries in alpha order.
semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals
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China 24.4%, US 10.1%, Japan 7.1% (2011 est.)
Field info displayed for all countries in alpha order.
$524.4 billion (2011 est.)

country comparison to the world: 9

$425.2 billion (2010 est.)
Field info displayed for all countries in alpha order.
machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics
Field info displayed for all countries in alpha order.
China 16.5%, Japan 13%, US 8.5%, Saudi Arabia 7.1%, Australia 5% (2011 est.)
Field info displayed for all countries in alpha order.
$306.4 billion (31 December 2011 est.)

country comparison to the world: 8

$291.6 billion (31 December 2010 est.)
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$397.3 billion (31 December 2011 est.)

country comparison to the world: 27

$359.4 billion (31 December 2010 est.)
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$130.3 billion (31 December 2011 est.)

country comparison to the world: 28

$127 billion (31 December 2010 est.)
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$190.4 billion (31 December 2011)

country comparison to the world: 21

$164.8 billion (31 December 2009)
Field info displayed for all countries in alpha order.
South Korean won (KRW) per US dollar –
1,107.3 (2011 est.)
1,156.06 (2010 est.)
1,276.93 (2009)
1,101.7 (2008)
929.2 (2007)
Field info displayed for all countries in alpha order.
calendar year
Source: CIA World Factbook 2012
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About The Aseanists Time

The Aseanists Time is daily online newspaper and magazine covering on regional politic, economic, and social issues; science and technology, regional leaders, politic and economic in each ASEAN Member States along with ASEAN 6 (United States, Australia, Japan, South Korea, China, and India), regional natural disaster and climate change, regional business, finance and economic statistic and figure. Furthermore, We also cover on top 10 economic countries. Finally, we report ASEAN, EU and UN as well.

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