Korea, Rep.

KOR Β· East Asia and Pacific

Location

Key Facts

Region
East Asia & Pacific

Population & Demographics

Basic Demographics

Population growth (annual %)
0.07%
2024
Population density (people per sq. km of land area)
529.8 per kmΒ²
2023
Urban population (% of total population)
81.50%
2024

Health Indicators

Life expectancy at birth, total (years)
83.4 years
2023
Birth rate, crude (per 1,000 people)
4.50 per 1,000
2023
Death rate, crude (per 1,000 people)
6.00 per 1,000
2023
Fertility rate, total (births per woman)
0.72 children
2023
Mortality rate, infant (per 1,000 live births)
2.30 per 1,000
2023

Education

Educational attainment, at least completed short-cycle tertiary, population 25+, total (%) (cumulative)
1.0%
2024
Literacy rate, adult total (% of people ages 15 and above)
97.97%
2008

Other Demographics

Median age of population
43.2 years
2025

Economy Snapshot

Key Economic Indicators

GDP per capita (current US$)
$33.1K
2023
Inflation, consumer prices (annual %)
2.3%
2024
Unemployment, total (% of labor force)
2.6%
2024
GNI per capita (current US$)
$35.5K
2023

Macroeconomic Indicators

GDP per capita, PPP (current international $)
52.2K intl$
2023
Central government debt, total (% of GDP)
52.3%
2023

Trade & External Sector

Trade (% of GDP)
87.9%
2023
Exports of goods and services (% of GDP)
44.0%
2023
Imports of goods and services (% of GDP)
43.9%
2023

Other Indicators

Corruption Perceptions Index (Transparency International)
63.0
2024
Tax revenue (% of GDP)
15.7%
2023
Foreign direct investment, net inflows (% of GDP)
1.1%
2023

Cost of Living

Cost of Living Index
75.0
Est. monthly: $2,625
Rent Index
38.0
Est. rent: $1,064/mo
Purchasing Power
88.0
(Higher is better)

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Frequently Asked Questions

What is the average income in Korea, Rep.?

According to our data, the average income in Korea, Rep. is approximately $35,490 (GNI per capita) as of 2023. This figure represents Gross National Income per capita and provides insight into the economic prosperity and living standards in the country.

What is the inflation rate in Korea, Rep. in 2024?

The inflation rate in Korea, Rep. is 2.3% as of 2024. Inflation measures the rate at which the general level of prices for goods and services rises, eroding purchasing power. This data is updated regularly from reliable sources like the World Bank and IMF.

How does Korea, Rep. compare to other countries in East Asia and Pacific?

Korea, Rep. is located in East Asia and Pacific and can be compared with other countries in the region across various economic and demographic indicators including inflation rates, unemployment, average income, cost of living, population statistics, and life expectancy. Explore our comprehensive inflation comparison, unemployment rankings, cost of living data, population statistics, and life expectancy data to see how Korea, Rep. compares to neighboring and regional countries.

Korea, Rep. is located in East Asia and Pacific. Explore detailed statistics on economy, population, demographics, inflation, unemployment, and cost of living, with up-to-date data from the World Bank, IMF, UN, and other authoritative sources.

Our comprehensive database provides real-time insights into Korea, Rep.'s economic performance and demographic trends, allowing you to compare with other countries and understand global patterns. Access current economic indicators, population statistics, historical data, and comparative analysis to gain a deeper understanding of Korea, Rep.'s economic and demographic landscape. For detailed economic data, visit our economy page, and for demographic information, explore our population statistics section.

Sources and References

Data sources: World Bank, IMF, UN Data, Transparency International.

All data is compiled from publicly available sources and updated regularly. Economic indicators may vary based on reporting methodologies and data availability periods.

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