The 1998 CIA World Factbook, page 749 by US CIA
<< Return to Title Details & Download750
underway to shore up reserves and stabilize the economy. Growth in 1998 will be sharply cut. Long-term growth will depend on how successfully South Korea implements planned economic reforms that would bolster the financial sector, improve corporate management, and open the economy further to foreign participation.
GDP: purchasing power parity-$631.2 billion (1997 est.)
GDP-real growth rate: 6% (1997 est.)
GDP-per capita: purchasing power parity-$13,700 (1997 est.)
GDP-composition by sector: agriculture: 8% industry: 45% services: 47% (1991 est.)
Inflation rate-consumer price index: 5% (1996)
Labor force: total: 20 million by occupation: services and other 52%, mining and manufacturing 27%, agriculture, fishing, forestry 21% (1991)
Unemployment rate: 2% (1996)
Budget: revenues: $101 billion expenditures: $101 billion, including capital expenditures of $20 billion (1996 est.)
Industries: electronics, automobile production, chemicals, shipbuilding, steel, textiles, clothing, footwear, food processing
Industrial production growth rate: 8.2% (1996)
Electricity-capacity: 31.665 million kW (1995)
Electricity-production: 174.52 billion kWh (1995)
Electricity-consumption per capita: 3,831 kWh (1995)
Agriculture-products: rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish catch of 2.9 million metric tons, seventh largest in world
Exports: total value: $129.8 billion (f.o.b., 1996) commodities: electronic and electrical equipment, machinery, steel, automobiles, ships; textiles, clothing, footwear; fish partners: US 17%, EU 13%, Japan 12% (1995)
Imports: total value: $150.2 billion (c.i.f., 1996) commodities: machinery, electronics and electronic equipment, oil, steel, transport equipment, textiles, organic chemicals, grains partners: US 22%, Japan 21%, EU 13% (1995)
Debt-external: $154 billion (1998 est.)
Economic aid: $NA
Currency: 1 South Korean won (W) = 1