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Country profile

SOUTH KOREA (KOR)

South Korea flag

Continent	Asia
Coordinates	37 00 N, 127 30 E
Government	Republic
Capital	Seoul
Location	Eastern Asia, southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea
Climate	Temperate, with rainfall heavier in summer than winter
Total area	98 ths sq.km.
Population	48 847 ths p.
Median age	35.2 yrs.
Life expectancy	77.0 yrs.
Languages	Korean, English widely taught in junior high and high school

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Development statistics

Statistic parameter		Data period	Value	Rate of change (year/year)	Last period rate of change	Index from 01/2000
Economy development
Gross domestic product (GDP)
current prices	bil USD	Q1-08	236.4	+6.8%	+1.5%	161.9%
constant prices	bil USD	Q1-08	207.8	+5.7%	+0.8%	142.3%
Production of total industry (IP)	ind 2000	Jun-08	167.8%	+8.4%	+0.2%	167.8%
Retail trade	ind 2000	Jun-08	111.6%	+1.0%	-1.7%	110.6%
Standardised unemployment rate	percent	May-08	3.2%	-5.9%	+0.0%	72.1%
Price indexes
Consumer prices (all items, CPI)	ind 2000	Jul-08	131.0%	+5.9%	+0.7%	131.0%
food	ind 2000	Jul-08	138.4%	+5.8%	+1.9%	138.4%
energy	ind 2000	Jul-08	161.7%	+22.8%	+1.2%	161.7%
other items	ind 2000	Jul-08	125.4%	+3.8%	+0.5%	125.4%
Consumer prices - Services less housing	ind 2000	Jul-08	131.1%	+4.0%	+0.4%	131.1%
Consumer prices - Housing	ind 2000	Jul-08	122.8%	+3.0%	+0.2%	122.8%
Harmonised CPI	ind 2000
Producer prices (total, PPI)	ind 2000	Jul-08	126.9%	+12.5%	+1.9%	126.9%
manufacturing products	ind 2000	Jul-08	134.6%	+17.9%	+2.4%	134.6%
Share Prices	ind 2000	Jul-08	214.5%	-17.9%	-10.7%	214.5%
Interantional trade
Exports in goods	bil USD	May-08	38.9	+26.7%	+1.8%	270.5%
Imports in goods	bil USD	May-08	37.6	+27.7%	+2.0%	280.1%
Net trade in goods	bil USD	May-08	1.3
Current Account	bil USD	Q2-08	1.9
Financial markets - monetary markets
Narrow money	ind 2000	May-08	170.5%	+1.0%	+2.5%	170.5%
Broad Money	ind 2000	May-08	202.7%	+13.5%	+1.4%	202.7%
Reserve assets	bil SDR	May-08	159.3	-3.9%	-0.7%	237.5%
Financial markets - currency - Won (South Koea)
Currency exchange rates	per USD	Jul-08	1 010.10	-10.0%	+2.3%	111.9%
Interest rates
immediate	percent	Jul-08	5.0%
short-term	percent	Jul-08	5.5%
long-term	percent	Jul-08	6.0%

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