GDP per capita (€) and annual growth (%)
in South Korea and the EU-28
Public finances, monetary and financial data
South Korea business environment and socio-economic indicators
The Ease of Doing Business’s ‘distance to frontier’ score assesses the overall level of regulatory performance of a country. It ranges from 0=’lowest performance’ to 100=’the frontier’, the best performance observed worldwide each year.
The Human Development Index (HDI) measures the average achievement in key dimensions of human development. It is based on life expectancy at birth, average duration of education and GDP per capita. It ranges from 0 to 100. ‘High human development countries’ (UN) are in the range between 70 and 80.
The Corruption Perception Index measures the perceived levels of public–sector corruption worldwide. Scores range from 0 (highly corrupt) to 100 (very clean). In 2016, two thirds of countries scored below 50.
Public debt (% of GDP)
Surplus/deficit (% of GDP)
Remittances received (% of GDP)
FDI net inflows (% of GDP)
GDP per capita
(left axis)
EU-28
Korea
GDP growth
(right axis)
Korea
EU-28
Rank
KR won/euro exchange rate (right axis)
Inflation rate KR (%, left axis)
South Korea total unemployment and
female labour market participation
Female labour force participation (left axis)
Total unemployment (right axis)
52/176 18/188 5/190
€
thousand
26.9
1.5%
2.8%
24.8
EU-28
South Korea
2%
3%
4%
5%
0%
20%
40%
60%
3.7%
50%
EU-28
South Korea
1.0 1.2 1.4 1.6 1.8 2.0 0% 1% 2% 3% 4% 5% Th ou san ds0.9%
1,2
FDI and remittances to
South Korea and the EU-28
Score
Ease of Doing Business
Human Development Index*
Corruption Perception Index
Worst Best 100 100 100 0 0 0 90.1 84.1 53.0
South Korea: Economic indicators and trade with EU
EPRS | European Parliamentary Research Service EUI | European University Institute
Authors: Giulio Sabbati and Enrico D’Ambrogio, Members’ Research Service; Caterina Francesca Guidi, GlobalStat | EUI
PE 608.650
At a glance
September 2017
Infographic
EU exports of goods to South Korea (2016)
EU imports of goods from South Korea (2016)
EU trade with South Korea
Main trade partners (2016)
Trade in goods (exports plus imports)
EU
US
Top EU partners (2016)
Trade in goods
EU exports to South Korea
EU imports from South Korea
45
42
11
6
Imports
Exports
Imports
Exports
€ billion
Other Other APEC members South Korea Japan Turkey Russia Switzerland China US17.7
%
14.9
%
7.6
%
13.1
%
30.9
%
Japan: 3.6 %
South Korea: 2.5 %
Other
APEC
members
Others
US
China
Russia: 5.5 %
Turkey: 4.2 %
Switzerland
EU
OtherChemicals: 1.7%
Oil, gas, coal
Organic chemicals
Plastic and rubber
Pharmaceutical
products
Agri-food
Optical instruments
Vehicles and aircraft
Mechanical
appliances and
electrical
equipment
29.2 % 20.9 % 20.9% 6.8 % 5.9 % 5.1 % 3.4 % 3.1 % 3.0 %Other
Organic chemicals
Oil, gas, coal
Optical instruments
Iron and steel
Ships and boats
Plastic and rubber
Cars and trucks
Mechanical appliances and electrical equipment
Mechanical
appliances and
electrical
equipment
33.6 % 18.6 % 9.3 % 7.1 % 6.6 % 4.4 % 3.32.8 % % 14.2%23.8
10.8
8.3
7.0
6.4
3.8
3.5
3.4
2.9
2.8
EU imports from South Korea
EU export to South Korea
|1|+|2|
0
10
€ billion
20
23.8
Japan
EU-28
China
Australia: 2.5 %
Saudi Arabia: 2.4 %
Other
APEC
members
Other
Other APEC membersSaudi Arabia Australia
Taiwan: 3.2 %
US
23.4
%
12.2
%
10.9
%
8.0
%
19.6
%
37.4
%
KR
EU exports of services to South Korea (2015)
Travel:
4.4%
Various business services(Legal, accounting, consulting, market research, trade-related services, engineering, scientific,
operating leasing):
30.8%
Transport:37.5%
Intellectual property:
15.0%
Financial:3.0%
Repair:
2.8%
Other:6.5%
Various business services (Legal, accounting, consulting, de-pollution, architectural, engineering, operating leasing):22.5%
Transport:27.4%
Intellectual property:17.5%
Travel:9.8%
ICT:8.0%
Financial:4.8%
Other:10.0%
EU imports of services from South Korea (2015)
Notes
GlobalStat is a project developed by the European University Institute’s Global Governance Programme (Italy) and the Francisco Manuel dos Santos Foundation (Portugal). Data sources for page 1: GDP figures, inflation and exchange rates are from IMF WEO (April 2017) and Eurostat (2017); Labour market data are from World Bank WDI based on ILO KILM (2017); FDI and remittances data are estimates from World Bank staff based on IMF BoP data (2016); HDI and GINI are from UNDP HDR (2016) and are re-scaled (*) from 0 - 1 to 0 - 100 for better comparability; CPI is from Transparency International (2016); Doing Business data are from the World Bank Group - Doing Business Unit (2017).
Data sources for page 2: EU trade with South Korea, Main trade partners (EU), Top EU partners (goods), EU exports of goods to South Korea (%) and EU imports of goods from South Korea (%) are from ComExt, Eurostat; Other APEC members = Australia, Brunei Darussalam, Canada, Chile, Hong Kong, Indonesia, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Singapore, Thailand, Vietnam; Main trade partners (South Korea) are from IMF; Other APEC members = Brunei Darussalam, Canada, Chile, Hong Kong, Indonesia, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Thailand, Vietnam; EU exports of services to South Korea (%) and EU imports of services from South Korea (%) are from Eurostat.
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