Korea, South

Korea, South: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online


Back to Countries, Click to read the whole article: Korea, South

Introduction - Korea, South:
Location - Korea, South:
People - Korea, South:
Government - Korea, South:
Economy - Korea, South:

Economy overview

Since the 1960s, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy. Four decades ago, 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. Today its GDP per capita is equal to the lesser economies of the EU. This success was achieved by a system of close government/business ties, including directed credit, import restrictions, sponsorship of specific industries, and a strong labor effort. 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 1997-99 exposed longstanding weaknesses in South Koreas development model, including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. GDP plunged by 6.9% in 1998, then recovered by 9.5% in 1999 and 8.5% in 2000. Growth fell back to 3.3% in 2001 because of the slowing global economy, falling exports, and the perception that much-needed corporate and financial reforms had stalled. Led by consumer spending and exports, growth in 2002 was an impressive 7%, despite anemic global growth. Between 2003 and 2006, growth moderated to about 4-5%. A downturn in consumer spending was offset by rapid export growth. Moderate inflation, low unemployment, an export surplus, and fairly equal distribution of income characterize this solid economy.

Gdp purchasing power parity

$1.196 trillion (2006 est.)

Gdp official exchange rate

$897.4 billion (2006 est.)

Gdp real growth rate

4.8% (2006 est.)

Gdp per capita ppp

$24,500 (2006 est.)

Gdp composition by sector

agriculture: 3%
industry: 45%
services: 52% (2006 est.)

Labor force

23.77 million (31 December 2006 est.)

Labor force by occupation

agriculture: 6.4%
industry: 26.4%
services: 67.2% (2006 est.)

Unemployment rate

3.3% (December 2006 est.)

Population below poverty line

15% (2003 est.)

Household income or consumption by percentage share

lowest 10%: 2.9%
highest 10%: 25% (2005 est.)

Distribution of family income gini index

35.8 (2000)

Inflation rate consumer prices

2.2% (2006 est.)

Investment gross fixed

28.4% of GDP (2006 est.)

Budget

revenues: $200 billion
expenditures: $201 billion; including capital expenditures of $NA (2006 est.)

Public debt

31.9% of GDP (2006 est.)

Agriculture products

rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish

Industries

electronics, telecommunications, automobile production, chemicals, shipbuilding, steel

Industrial production growth rate

8% (2006 est.)

Electricity production

345.2 billion kWh (2004)

Electricity consumption

321 billion kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

7,378 bbl/day (2004)

Oil consumption

2.149 million bbl/day (2004)

Oil exports

644,100 bbl/day (2004)

Oil imports

2.83 million bbl/day (2004)

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

27.84 billion cu m (2004 est.)

Natural gas exports

0 cu m (2004 est.)

Natural gas imports

28.93 billion cu m (2004 est.)

Current account balance

$2 billion (2006 est.)

Exports

$326 billion f.o.b. (2006 est.)

Exports commodities

semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals

Exports partners

China 24.7%, US 13.1%, Japan 7.5%, Hong Kong 4.2%, Taiwan 4.1% (2006)

Imports

$309.3 billion f.o.b. (2006 est.)

Imports commodities

machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics

Imports partners

Japan 17.4%, China 15.4%, US 11.2%, Saudi Arabia 6.4% (2006)

Reserves of foreign exchange and gold

$239 billion (2006 est.)

Economic aid donor

ODA, $744 million (2005)

Debt external

$249.4 billion (30 September 2006 est.)

Currency code

South Korean won (KRW)

Exchange rates

South Korean won per US dollar - 955.3 (2006), 1,024.1 (2005), 1,145.3 (2004), 1,191.6 (2003), 1,251.1 (2002)

Communications - Korea, South:
Transportation - Korea, South:
Military - Korea, South:
This page was last updated on 16 September, 2007
Source: CIA >>>


Map of country  Korea, South on-line :
All cities of country  Korea, South :
Biggest cities of country Korea, South :
Photo to article  Korea, South :



Free IQ test online

An Intelligence Quotient or IQ is a score derived from one of several different standardized tests attempting to measure intelligence. Although the term "IQ" is still in common use, the scoring of modern IQ tests such as the Wechsler Adult Intelligence Scale is now based on a projection of the subject's measured rank on the Gaussian bell curve with a center value (average IQ) of 100, and a standard deviation of 15, although different tests may have different standard deviations. The average IQ scores for many populations have been rising at an average rate of three points per decade since the early 20th century with most of the increase in the lower half of the IQ range: a phenomenon called the Flynn effect. It is disputed whether these changes in scores reflect real changes in intellectual abilities, or merely methodological problems with past or present testing. (Wikipedie)

IQ test lasts approximately 30 minutes and contains 40 questions !

In the IQ test you must focus on the maximum. Test questions are simple. In the IQ test may not use the calculator and paper.

Free IQ test online :





Banner on your page · Visitor's book · Besplatnye igry onlajn · Free games online · CZ Hry  · RoboStav
Copyright (c) 2020 by TiptopGlobe.com. All Rights Reserved!


Photo: Korea, South
Korea, South



Photo: Korea, South
Korea, South



Photo: Korea, South
Korea, South



Photo: Korea, South
Korea, South



Photo: Korea, South
Korea, South




Add photo...


Free IQ test

Games Online