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Large Economies
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Ireland $265b
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All Countries with 2008 gdp bil usd
Islamic Republ $10bBelgium $509bCape Verde $2bDjibouti $bGeorgia $13bIndonesia $511bKyrgyz Republi $5bMalta $9bNiger $5bRwanda $5bSt. Kitts and $bTonga $bVietnam $90bASEAN-5 $1,270b
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| Select Variable
GDP, constant prices Natl currency |
GDP, constant prices   *   % chg
GDP, current prices   *   Natl currency |
GDP, current prices   *   U.S. $s |
GDP, deflator Index, 2000=100
GDP per capita, constant pri Natl currency
GDP per capita, current pric Natl currency
GDP per capita, current pric U.S. $s
Output gap in percent of pot % of potential GDP
GDP based on PPP valuation o Current intl $ |
GDP based on PPP per capita Current intl $
GDP based on PPP share of wo %
Implied PPP conversion rate Natl currency/$
Total investment % of GDP
Gross national savings % of GDP
Inflation, average consumer Index
Inflation, average consumer % chg
Inflation, end of period con Index
Inflation, end of period con   *   % chg
Six-month London interbank o %
Volume of imports of goods a % chg
Volume of Imports of goods % chg
Volume of exports of goods a % chg
Volume of exports of goods % chg
Value of oil imports U.S. $s |
Value of oil exports U.S. $s |
Unemployment rate   *   % of total labor force
Employment Index, 2000=100
Population   *   Persons |
Govt revenue Natl currency |
Govt revenue % of GDP
Govt total expenditure Natl currency |
Govt total expenditure   *   % of GDP
Govt net lending/borrowing Natl currency |
Govt net lending/borrowing % of GDP
Govt structural balance Natl currency |
Govt structural balance % of potential GDP
Govt primary net lending/bor Natl currency |
Govt primary net lending/bor % of GDP
Govt net debt Natl currency |
Govt net debt % of GDP
Govt gross debt Natl currency |
Govt gross debt   *   % of GDP
GDP corresponding to fiscal Natl currency |
Current account balance U.S. $s |
Current account balance % of GDP
*_popular_variable.
  Korea   KOR (f) = observation is an IMF forecast | 2012 Jul 19
  country cd     variable cd     variable   data for
all years
1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
1 KOR | 542 NGDP_R   GDP, constant prices National currency | Billions | 1980 1.269   1970-2010 70254.72 76221.83 79893.39 90118.78 97390.70 103854.90 116069.50 127685.50 139189.70 149020.90 145903.20 156705.90 169698.90 190371.70 209140.70 224765.50 252276.20 283220.20 316245.20 337598.10 368985.90 404825.00 428164.00 455264.20 495199.30 539424.00 578186.40 611528.90 576586.80 638458.00 694628.10 722228.90 773868.40 795558.20 832305.30 865240.90 910048.90 956514.50 978498.80 981625.10 1043666.00 1081594.00 (f) 1119965.00 (f) 1164213.00 (f) 1210798.00 (f) 1259473.00 (f) 1309464.00 (f) 1361267.00 (f)
2 KOR | 542 NGDP_RPCH   GDP, constant prices Percent change   1980-2010 8.494 4.817 12.80 8.069 6.637 11.76 10.01 9.010 7.063 -1.891 7.404 8.291 12.18 9.859 7.471 12.24 12.27 11.66 6.752 9.297 9.713 5.765 6.329 8.772 8.931 7.186 5.767 -5.714 10.73 8.798 3.973 7.150 2.803 4.619 3.957 5.179 5.106 2.298 0.3190 6.320 3.634 (f) 3.548 (f) 3.951 (f) 4.001 (f) 4.020 (f) 3.969 (f) 3.956 (f)
3 KOR | 542 NGDP   GDP, current prices National currency | Billions | 1980 1.035   1970-2010 2849.83 3520.51 4331.25 5575.13 7880.76 10587.14 14487.07 18572.88 25080.40 32120.82 39109.60 49305.70 56676.80 66685.10 76523.50 85699.10 100254.10 117938.20 140524.80 158620.10 191382.80 231428.20 263993.20 298761.60 349972.60 409653.60 460952.60 506313.60 501027.20 549005.00 603236.00 651415.30 720539.00 767113.70 826892.70 865240.90 908743.80 975013.00 1026452.00 1065037.00 1173275.00 1237128.00 (f) 1314330.00 (f) 1406819.00 (f) 1506639.00 (f) 1613890.00 (f) 1729029.00 (f) 1851838.00 (f)
4 KOR | 542 NGDPD   GDP, current prices U.S. dollars | Billions | 1980 1.035   1970-2010 9.177 10.14 11.02 14.00 19.48 21.87 29.93 38.37 51.82 66.37 64.39 72.40 77.52 85.96 94.95 98.50 113.74 143.38 192.11 236.23 270.41 315.58 338.17 372.21 435.59 531.14 573.00 532.24 357.51 461.81 533.39 504.58 575.93 643.76 721.98 844.87 951.77 1049.24 931.41 834.06 1014.89 1116.25 (f) 1163.53 (f) 1243.10 (f) 1333.31 (f) 1429.94 (f) 1533.42 (f) 1644.68 (f)
5 KOR | 542 NGDP_D   GDP, deflator Index   1980-2010 4.056 4.619 5.421 6.186 8.092 10.19 12.48 14.55 18.02 21.55 26.81 31.46 33.40 35.03 36.59 38.13 39.74 41.64 44.44 46.99 51.87 57.17 61.66 65.62 70.67 75.94 79.72 82.80 86.90 85.99 86.84 90.20 93.11 96.43 99.35 100.00 99.86 101.93 104.90 108.50 112.42 114.38 (f) 117.36 (f) 120.84 (f) 124.43 (f) 128.14 (f) 132.04 (f) 136.04 (f)
6 KOR | 542 NGDPRPC   GDP per capita, constant prices National currency | Units | 1980 1.269   1970-2010 2179118.00 2318184.00 2384167.00 2642782.00 2807460.00 2943736.00 3237645.00 3506883.00 3765021.00 3970273.00 3827092.00 4046817.00 4315145.00 4769977.00 5175987.00 5508183.00 6121177.00 6804630.00 7524050.00 7953021.00 8607233.00 9350235.00 9787062.00 10301350.00 11092790.00 11962480.00 12700500.00 13307540.00 12456910.00 13695910.00 14776770.00 15250620.00 16250170.00 16622850.00 17325470.00 17974150.00 18842690.00 19739710.00 20130910.00 20137270.00 21353350.00 22070800.00 (f) 22793330.00 (f) 23631180.00 (f) 24511730.00 (f) 25429670.00 (f) 26369080.00 (f) 27339740.00 (f)
7 KOR | 542 NGDPPC   GDP per capita, current prices National currency | Units | 1980 1.035   1970-2010 88394.26 107071.60 129252.60 163493.50 227176.80 300089.10 404102.50 510104.20 678413.90 855775.30 1025859.00 1273284.00 1441191.00 1670870.00 1893867.00 2100173.00 2432545.00 2833576.00 3343341.00 3736718.00 4464334.00 5345293.00 6034412.00 6760134.00 7839618.00 9084640.00 10125330.00 11017940.00 10824480.00 11777010.00 12832590.00 13755310.00 15130320.00 16028520.00 17212800.00 17974150.00 18815670.00 20121460.00 21117460.00 21848390.00 24005130.00 25244600.00 (f) 26749020.00 (f) 28555580.00 (f) 30500830.00 (f) 32585610.00 (f) 34817980.00 (f) 37192370.00 (f)
8 KOR | 542 NGDPDPC   GDP per capita, current prices U.S. dollars | Units | 1980 1.035   1970-2010 284.61 308.42 329.01 410.46 561.67 620.04 834.90 1053.90 1401.64 1768.12 1688.84 1869.65 1971.31 2153.88 2349.78 2413.94 2759.70 3444.79 4570.73 5565.10 6307.66 7288.84 7729.98 8422.05 9757.49 11778.76 12586.60 11582.11 7723.84 9906.50 11346.66 10654.82 12093.73 13451.09 15028.82 17550.88 19706.59 21653.27 19162.04 17110.09 20764.59 22777.93 (f) 23679.99 (f) 25232.37 (f) 26991.87 (f) 28871.57 (f) 30878.98 (f) 33031.84 (f)
9 KOR | 542 NGAP_NPGDP   Output gap in percent of potential GDP Percent of potential GDP   1980-2010 -2.792 -2.187 -2.005 0.6080 0.4370 -2.342 -1.041 0.4950 2.100 -0.0930 -0.4260 0.9720 -0.9130 -1.979 -0.5170 1.656 2.994 3.714 -6.637 -1.575 0.2100 -0.8360 1.331 -0.4540 -0.3360 -0.7580 0.0990 0.0100 -0.6710 -3.099 -0.4010 -0.3540 (f) -0.0920 (f) 0.1960 (f)
10 KOR | 542 PPPGDP   GDP based on PPP valuation of country GDP Current international dollar | Billions   1980-2010 87.77 103.11 118.47 138.15 157.47 174.36 200.03 231.08 266.89 295.67 335.63 381.28 412.82 448.65 498.29 554.10 605.23 651.43 621.15 697.92 775.76 824.81 898.09 942.68 1015.46 1096.74 1190.81 1287.93 1346.75 1365.31 1468.31 1554.15 (f) 1629.90 (f) 1719.90 (f) 1815.14 (f) 1918.43 (f) 2026.84 (f) 2148.00 (f)
11 KOR | 542 PPPPC   GDP based on PPP per capita GDP Current international dollar | Units   1980-2010 2302.29 2662.61 3012.35 3461.54 3897.27 4272.95 4853.44 5551.95 6349.81 6965.30 7829.17 8806.41 9436.41 10151.74 11162.00 12287.91 13294.48 14175.81 13419.58 14971.44 16502.58 17416.63 18858.63 19696.82 21138.10 22783.23 24655.92 26579.13 27707.05 28008.26 30041.60 31713.67 (f) 33171.53 (f) 34910.52 (f) 36746.21 (f) 38734.42 (f) 40815.13 (f) 43140.52 (f)
12 KOR | 542 PPPSH   GDP based on PPP share of world total Percent   1980-2010 0.7750 0.8150 0.8780 0.9600 1.006 1.041 1.130 1.224 1.309 1.348 1.428 1.536 1.481 1.542 1.627 1.710 1.768 1.795 1.651 1.766 1.834 1.865 1.943 1.929 1.928 1.931 1.932 1.929 1.923 1.947 1.968 1.970 (f) 1.972 (f) 1.971 (f) 1.966 (f) 1.957 (f) 1.946 (f) 1.934 (f)
13 KOR | 542 PPPEX   Implied PPP conversion rate National currency per current international dollar   1980-2010 445.58 478.21 478.43 482.70 485.95 491.50 501.20 510.38 526.53 536.48 570.22 606.98 639.48 665.91 702.35 739.32 761.62 777.24 806.62 786.63 777.61 789.78 802.30 813.76 814.30 788.92 763.13 757.04 762.17 780.07 799.06 796.02 (f) 806.39 (f) 817.97 (f) 830.04 (f) 841.26 (f) 853.07 (f) 862.12 (f)
14 KOR | 542 NID_NGDP   Total investment Percent of GDP   1980-2010 32.89 30.25 29.89 31.01 30.83 30.90 30.24 30.80 32.59 35.36 38.09 40.06 37.08 35.99 36.77 36.94 37.85 35.45 25.04 28.89 30.56 29.16 29.20 29.89 29.93 29.69 29.62 29.43 31.21 26.28 29.53 29.45 (f) 29.13 (f) 29.13 (f) 29.25 (f) 29.06 (f) 28.99 (f) 28.80 (f)
15 KOR | 542 NGSD_NGDP   Gross national savings Percent of GDP   1980-2010 25.01 24.82 27.14 29.35 30.43 29.37 34.19 38.32 40.31 37.59 37.58 37.68 36.42 36.79 35.97 35.43 33.84 33.91 36.98 34.20 33.34 30.83 30.51 32.31 34.41 31.89 31.10 31.50 31.55 30.21 32.42 31.83 (f) 31.04 (f) 30.66 (f) 30.20 (f) 29.99 (f) 29.66 (f) 29.50 (f)
16 KOR | 542 PCPI   Inflation, average consumer prices Index   1980-2011 24.27 29.45 31.57 32.65 33.39 34.21 35.15 36.23 38.81 41.03 44.54 48.70 51.73 54.21 57.61 60.19 63.15 65.96 70.91 71.49 73.10 76.08 78.18 80.92 83.83 86.14 88.07 90.30 94.52 97.13 99.98 104.01 107.53 (f) 110.93 (f) 114.26 (f) 117.68 (f) 121.21 (f) 124.85 (f)
17 KOR | 542 PCPIPCH   Inflation, average consumer prices Percent change   1980-2011 28.70 21.35 7.190 3.422 2.274 2.459 2.750 3.048 7.146 5.701 8.573 9.334 6.212 4.801 6.266 4.481 4.925 4.439 7.513 0.8130 2.259 4.067 2.762 3.515 3.591 2.754 2.242 2.535 4.674 2.757 2.939 4.026 3.387 (f) 3.159 (f) 3.000 (f) 3.000 (f) 3.000 (f) 3.000 (f)
18 KOR | 542 PCPIE   Inflation, end of period consumer prices Index   1980-2011 26.94 30.63 32.11 32.74 33.54 34.55 35.03 37.15 39.82 41.84 45.75 49.98 52.21 55.24 58.31 61.09 64.09 68.31 71.02 71.98 73.98 76.32 79.17 81.88 84.36 86.57 88.38 91.57 95.36 98.03 101.00 105.20 108.57 (f) 111.82 (f) 115.18 (f) 118.63 (f) 122.19 (f) 125.86 (f)
19 KOR | 542 PCPIEPCH   Inflation, end of period consumer prices Percent change   1980-2011 32.20 13.69 4.835 1.962 2.450 3.014 1.389 6.051 7.184 5.070 9.338 9.250 4.458 5.802 5.567 4.754 4.926 6.573 3.966 1.355 2.780 3.163 3.734 3.418 3.035 2.620 2.088 3.607 4.139 2.800 3.034 4.158 3.200 (f) 3.000 (f) 3.000 (f) 3.000 (f) 3.000 (f) 3.000 (f)
20 KOR | 542 FLIBOR6   Six-month London interbank offered rate (LIBOR) Percentno data
21 KOR | 542 TM_RPCH   Volume of imports of goods and services Percent change   1980-2011 -5.323 6.286 3.884 10.18 7.912 0.6040 18.43 19.56 13.73 15.96 13.34 18.49 5.418 4.856 22.81 22.49 14.72 4.184 -22.05 26.41 22.56 -4.864 14.43 11.08 11.75 7.590 11.29 11.68 4.415 -7.982 17.25 6.489 3.858 (f) 9.693 (f) 11.23 (f) 12.24 (f) 12.12 (f) 12.07 (f)
22 KOR | 542 TMG_RPCH   Volume of Imports of goods Percent change   1980-2011 -9.000 11.20 0.3000 13.30 15.50 6.100 8.100 20.90 16.70 15.64 14.69 24.53 2.807 5.792 23.06 23.95 15.62 1.436 -24.46 28.52 18.89 -2.243 12.30 7.395 11.76 6.392 10.52 9.018 0.9410 -2.247 16.77 8.657 4.305 (f) 11.05 (f) 11.83 (f) 12.27 (f) 12.28 (f) 12.23 (f)
23 KOR | 542 TX_RPCH   Volume of exports of goods and services Percent change   1980-2011 8.576 15.97 8.190 14.29 8.204 4.156 26.82 21.78 11.66 -3.588 4.920 10.76 13.89 7.887 16.41 24.71 11.60 19.76 12.90 14.39 18.07 -3.426 12.10 14.48 19.74 7.771 11.37 12.61 6.614 -1.197 14.68 9.518 6.612 (f) 10.02 (f) 10.22 (f) 10.78 (f) 10.45 (f) 10.46 (f)
24 KOR | 542 TXG_RPCH   Volume of exports of goods Percent change   1980-2011 11.40 17.60 6.500 16.30 15.60 7.600 12.30 23.70 15.30 -3.409 9.085 7.310 8.264 14.85 13.65 22.76 17.67 14.61 18.95 11.84 20.95 0.8010 13.18 16.68 22.51 9.141 13.15 10.41 6.770 0.1250 16.19 11.88 5.660 (f) 10.02 (f) 10.22 (f) 10.78 (f) 10.45 (f) 10.46 (f)
25 KOR | 542 TMGO   Value of oil imports U.S. dollars | Billions   1980-2011 5.633 6.371 6.097 5.572 5.771 5.572 3.346 3.702 3.688 4.933 6.386 8.134 9.548 9.151 8.878 10.81 14.43 17.77 11.24 14.78 25.22 21.37 19.20 23.08 29.92 42.61 55.87 60.32 85.86 50.76 68.66 100.81 113.64 (f) 112.38 (f) 108.96 (f) 107.15 (f) 107.25 (f) 108.97 (f)
26 KOR | 542 TXGO   Value of oil exports U.S. dollars | Billionsno data
27 KOR | 542 LUR   Unemployment rate Percent of total labor force   1980-2010 5.200 4.500 4.133 4.117 3.850 4.025 3.842 3.108 2.525 2.583 2.458 2.450 2.525 2.900 2.475 2.067 2.058 2.617 6.950 6.583 4.425 4.017 3.283 3.567 3.683 3.733 3.467 3.250 3.175 3.650 3.725 3.408 (f) 3.300 (f) 3.300 (f) 3.300 (f) 3.300 (f) 3.300 (f) 3.300 (f)
28 KOR | 542 LE   Employment Persons | Millions   1980-2010 13.52 13.86 14.38 14.51 14.43 14.97 15.51 16.35 16.87 17.56 18.09 18.65 19.01 19.24 19.85 20.41 20.85 21.21 19.94 20.29 21.16 21.57 22.17 22.14 22.56 22.86 23.15 23.43 23.58 23.51 23.83 24.25 (f) 24.44 (f) 24.56 (f)
29 KOR | 542 LP   Population Persons | Millions   1980-2010 38.12 38.72 39.33 39.91 40.41 40.81 41.21 41.62 42.03 42.45 42.87 43.30 43.75 44.20 44.64 45.09 45.53 45.95 46.29 46.62 47.01 47.36 47.62 47.86 48.04 48.14 48.30 48.46 48.61 48.75 48.88 49.01 (f) 49.14 (f) 49.27 (f) 49.40 (f) 49.53 (f) 49.66 (f) 49.79 (f)
30 KOR | 542 GGR   Govt revenue National currency | Billions   1995-2010 70862.00 82971.00 90740.00 95349.45 106006.30 134647.20 141863.80 155444.50 168216.30 175250.00 188543.60 206084.20 236006.30 246608.50 245476.80 265779.70 296677.70 (f) 315191.60 (f) 337871.40 (f) 362145.00 (f) 388124.40 (f) 415814.10 (f) 445349.50 (f)
31 KOR | 542 GGR_NGDP   Govt revenue Percent of GDP   1995-2010 17.30 18.00 17.92 19.03 19.31 22.32 21.78 21.57 21.93 21.19 21.79 22.68 24.21 24.03 23.05 22.65 23.98 (f) 23.98 (f) 24.02 (f) 24.04 (f) 24.05 (f) 24.05 (f) 24.05 (f)
32 KOR | 542 GGX   Govt total expenditure National currency | Billions   1995-2010 61095.00 71299.00 77765.00 89276.57 98984.55 108258.70 124132.70 129187.00 155120.50 174436.50 180663.10 195700.80 213396.10 229789.60 245273.30 246379.70 267942.40 (f) 283896.60 (f) 298091.40 (f) 319554.00 (f) 342881.40 (f) 367568.90 (f) 394033.80 (f)
33 KOR | 542 GGX_NGDP   Govt total expenditure Percent of GDP   1995-2010 14.91 15.47 15.36 17.82 18.03 17.95 19.06 17.93 20.22 21.10 20.88 21.54 21.89 22.39 23.03 21.00 21.66 (f) 21.60 (f) 21.19 (f) 21.21 (f) 21.25 (f) 21.26 (f) 21.28 (f)
34 KOR | 542 GGXCNL   Govt net lending/borrowing National currency | Billions   1995-2010 9767.00 11672.00 12975.00 6072.87 7021.79 26388.59 17731.17 26257.41 13095.81 813.46 7880.50 10383.40 22610.12 16818.96 203.45 19399.99 28735.28 (f) 31295.03 (f) 39780.02 (f) 42590.96 (f) 45243.02 (f) 48245.24 (f) 51315.66 (f)
35 KOR | 542 GGXCNL_NGDP   Govt net lending/borrowing Percent of GDP   1995-2010 2.384 2.532 2.563 1.212 1.279 4.375 2.722 3.644 1.707 0.0980 0.9110 1.143 2.319 1.639 0.0190 1.653 2.323 (f) 2.381 (f) 2.828 (f) 2.827 (f) 2.803 (f) 2.790 (f) 2.771 (f)
36 KOR | 542 GGSB   Govt structural balance National currency | Billions   1995-2010 8612.77 9259.86 9725.49 12850.87 8717.99 26106.51 18927.50 24216.14 13862.86 1404.77 9319.66 10178.58 22586.80 18485.81 8054.06 20468.84 29788.61 (f) 31586.51 (f) 39118.57 (f) 42590.96 (f) 45243.02 (f) 48245.24 (f) 51315.66 (f)
37 KOR | 542 GGSB_NPGDP   Govt structural balance Percent of potential GDP   1995-2010 2.137 2.069 1.992 2.395 1.563 4.337 2.881 3.406 1.799 0.1690 1.069 1.121 2.317 1.789 0.7330 1.738 2.399 (f) 2.401 (f) 2.786 (f) 2.827 (f) 2.803 (f) 2.790 (f) 2.771 (f)
38 KOR | 542 GGXONLB   Govt primary net lending/borrowing National currency | Billions   2007-2010 14986.87 12741.90 -7528.54 10126.57 20701.49 (f) 22138.06 (f) 28967.57 (f) 29721.65 (f) 30181.53 (f) 30799.09 (f) 34935.21 (f)
39 KOR | 542 GGXONLB_NGDP   Govt primary net lending/borrowing Percent of GDP   2007-2010 1.537 1.241 -0.7070 0.8630 1.673 (f) 1.684 (f) 2.059 (f) 1.973 (f) 1.870 (f) 1.781 (f) 1.887 (f)
40 KOR | 542 GGXWDN   Govt net debt National currency | Billions   2001-2010 120497.70 132322.90 164246.20 197533.40 234330.90 267006.30 280268.70 296111.40 344366.40 376602.40 406667.90 (f) 413618.60 (f) 415187.80 (f) 413899.70 (f) 413020.60 (f) 412308.20 (f) 408770.60 (f)
41 KOR | 542 GGXWDN_NGDP   Govt net debt Percent of GDP   2001-2010 18.50 18.36 21.41 23.89 27.08 29.38 28.75 28.85 32.33 32.10 32.87 (f) 31.47 (f) 29.51 (f) 27.47 (f) 25.59 (f) 23.85 (f) 22.07 (f)
42 KOR | 542 GGXWDG   Govt gross debt National currency | Billions   1990-2010 26432.99 29810.11 33356.41 35372.27 37079.17 38366.08 39659.45 54334.56 76932.25 96614.46 108705.60 121815.70 133730.00 165825.00 203687.00 247972.00 282783.00 298902.00 309046.00 359609.00 392237.50 422303.00 (f) 432193.80 (f) 433763.00 (f) 432474.90 (f) 431595.80 (f) 430883.40 (f) 427345.70 (f)
43 KOR | 542 GGXWDG_NGDP   Govt gross debt Percent of GDP   1990-2010 13.81 12.88 12.64 11.84 10.60 9.365 8.604 10.73 15.36 17.60 18.02 18.70 18.56 21.62 24.63 28.66 31.12 30.66 30.11 33.77 33.43 34.14 (f) 32.88 (f) 30.83 (f) 28.71 (f) 26.74 (f) 24.92 (f) 23.08 (f)
44 KOR | 542 NGDP_FY   GDP corresponding to fiscal year, current prices National currency | Billions   1980-2010 39109.60 49305.70 56676.80 66685.10 76523.50 85699.10 100254.10 117938.20 140524.80 158620.10 191382.80 231428.20 263993.20 298761.60 349972.60 409653.60 460952.60 506313.60 501027.20 549005.00 603236.00 651415.30 720539.00 767113.70 826892.70 865240.90 908743.80 975013.00 1026452.00 1065037.00 1173275.00 1237128.00 (f) 1314330.00 (f) 1406819.00 (f) 1506639.00 (f) 1613890.00 (f) 1729029.00 (f) 1851838.00 (f)
45 KOR | 542 BCA   Current account balance U.S. dollars | Billions   1980-2011 -5.312 -3.927 -2.134 -1.428 -0.3860 -1.513 4.492 10.78 14.84 5.267 -1.390 -7.511 -2.240 2.973 -3.508 -8.012 -22.95 -8.183 42.64 24.48 14.80 8.428 7.542 15.58 32.31 18.61 14.08 21.77 3.198 32.79 29.39 26.51 22.20 (f) 19.09 (f) 12.68 (f) 13.17 (f) 10.34 (f) 11.61 (f)
46 KOR | 542 BCA_NGDPD   Current account balance Percent of GDP   1980-2010 -8.251 -5.425 -2.752 -1.661 -0.4060 -1.535 3.949 7.518 7.723 2.230 -0.5140 -2.380 -0.6620 0.7990 -0.8050 -1.508 -4.006 -1.537 11.93 5.301 2.775 1.670 1.310 2.421 4.476 2.202 1.480 2.075 0.3430 3.931 2.896 2.375 (f) 1.908 (f) 1.535 (f) 0.9510 (f) 0.9210 (f) 0.6740 (f) 0.7060 (f)
    NOTES
    1GDP, constant prices : Expressed in billions of national currency units; the base year is country-specific. Expenditure-based GDP is total final expenditures at purchasers? prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993] Source: CEIC Latest actual data: 2010 National accounts manual used: SNA 1993 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2005 Chain-weighted: Yes, from before 1980 Primary domestic currency: Korean won Data last updated: 04/2012
    2GDP, constant prices : See notes for: Gross domestic product, constant prices (National currency).
    3GDP, current prices : Expressed in billions of national currency units . Expenditure-based GDP is total final expenditures at purchasers? prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993] Source: CEIC Latest actual data: 2010 National accounts manual used: SNA 1993 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2005 Chain-weighted: Yes, from before 1980 Primary domestic currency: Korean won Data last updated: 04/2012
    4GDP, current prices : See notes for: Gross domestic product, current prices (National currency).
    5GDP, deflator : See notes for: Gross domestic product, constant prices (National currency) Gross domestic product, current prices (National currency).
    6GDP per capita, constant prices : GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population. See notes for: Gross domestic product, constant prices (National currency) Population (Persons).
    7GDP per capita, current prices : GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population. See notes for: Gross domestic product, current prices (National currency) Population (Persons).
    8GDP per capita, current prices : GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population. See notes for: Gross domestic product, current prices (National currency) Population (Persons).
    9Output gap in percent of potential GDP : See notes for: Gross domestic product, constant prices (National currency).
    10GDP based on PPP valuation of country GDP : See notes for: Gross domestic product, current prices (National currency).
    11GDP based on PPP per capita GDP : See notes for: Gross domestic product, current prices (National currency) Population (Persons).
    12GDP based on PPP share of world total : These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23. See notes for: Gross domestic product, current prices (National currency).
    13Implied PPP conversion rate : Expressed in national currency per current international dollar. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23. See notes for: Gross domestic product, current prices (National currency).
    14Total investment : Source: CEIC Latest actual data: 2010 National accounts manual used: SNA 1993 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2005 Chain-weighted: Yes, from before 1980 Primary domestic currency: Korean won Data last updated: 04/2012
    15Gross national savings : Source: CEIC Latest actual data: 2010 National accounts manual used: SNA 1993 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2005 Chain-weighted: Yes, from before 1980 Primary domestic currency: Korean won Data last updated: 04/2012
    16Inflation, average consumer prices : Expressed in averages for the year, not end-of-period data. A consumer price index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers? incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index can only reflect their average movement. A price index is typically assigned a value of unity, or 100, in some reference period and the values of the index for other periods of time are intended to indicate the average proportionate, or percentage, change in prices from this price reference period. Price indices can also be used to measure differences in price levels between different cities, regions or countries at the same point in time. [CPI Manual 2004, Introduction] For euro countries, consumer prices are calculated based on harmonized prices. For more information see http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-BE-04-001/EN/KS-BE-04-001-EN.PDF.] Source: CEIC Latest actual data: 2011 Harmonized prices: No Frequency of source data: Monthly Base year: 2010 Primary domestic currency: Korean won Data last updated: 04/2012
    17Inflation, average consumer prices : See notes for: Inflation, average consumer prices (Index).
    18Inflation, end of period consumer prices : Expressed in end of the period, not annual average data. A consumer price index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers? incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index can only reflect their average movement. A price index is typically assigned a value of unity, or 100, in some reference period and the values of the index for other periods of time are intended to indicate the average proportionate, or percentage, change in prices from this price reference period. Price indices can also be used to measure differences in price levels between different cities, regions or countries at the same point in time. [CPI Manual 2004, Introduction] For euro countries, consumer prices are calculated based on harmonized prices. For more information see http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-BE-04-001/EN/KS-BE-04-001-EN.PDF. Source: CEIC Latest actual data: 2011 Harmonized prices: No Frequency of source data: Monthly Base year: 2010 Primary domestic currency: Korean won Data last updated: 04/2012
    19Inflation, end of period consumer prices : See notes for: Inflation, end of period consumer prices (Index).
    21Volume of imports of goods and services : Source: CEIC Latest actual data: 2011 Base year: 2005 Methodology used to derive volumes: Weighted average of volume changes Formula used to derive volumes: Chain-weighted: No Trade System: General trade Excluded items in trade: In transit;Re-imports;Other;. For other, the following goods are excluded from trade statistics: o - Goods sold where duration of storage has expired according to the provision of Article 208 of Customs Act o - Goods reserved to national treasury according to the provision of Article 126 of Customs Act o - Goods destructed or scrapped according to the provision of Article 127 of Customs Act o - Goods forfeited or additionally collected according to the provision of Article 128 of Customs Act o - Goods lost, stolen, depriciated or destroyed in bonded area o - Goods in bonded sales shop o - Goods in transit through Korea o - Goods retured prior to import clearance o - Monetary gold and silver, negotiable securities, and monetary coins and paper money in current circulation o - Goods of A.T.A Carnet o - Goods consigned to diplomatic missions o - Goods for improvement or repair o - Goods temporarily imported or exported for international events, athletic meeting, exhibition, and etc o - Goods leased less than one year or goods on operational lease o - Goods considered to be samples for sales promotions o - Vessels constructed in bonded factory under the condition of acquiring Korean nationality o - Goods considered not relating to merchandise trade Excluded items in manufactures: Cannot verify. Oil coverage: Cannot verify. Valuation of exports: Free on board (FOB) Valuation of imports:
    22Volume of Imports of goods : Source: CEIC Latest actual data: 2011 Base year: 2005 Methodology used to derive volumes: Weighted average of volume changes Formula used to derive volumes: Chain-weighted: No Trade System: General trade Excluded items in trade: In transit;Re-imports;Other;. For other, the following goods are excluded from trade statistics: o - Goods sold where duration of storage has expired according to the provision of Article 208 of Customs Act o - Goods reserved to national treasury according to the provision of Article 126 of Customs Act o - Goods destructed or scrapped according to the provision of Article 127 of Customs Act o - Goods forfeited or additionally collected according to the provision of Article 128 of Customs Act o - Goods lost, stolen, depriciated or destroyed in bonded area o - Goods in bonded sales shop o - Goods in transit through Korea o - Goods retured prior to import clearance o - Monetary gold and silver, negotiable securities, and monetary coins and paper money in current circulation o - Goods of A.T.A Carnet o - Goods consigned to diplomatic missions o - Goods for improvement or repair o - Goods temporarily imported or exported for international events, athletic meeting, exhibition, and etc o - Goods leased less than one year or goods on operational lease o - Goods considered to be samples for sales promotions o - Vessels constructed in bonded factory under the condition of acquiring Korean nationality o - Goods considered not relating to merchandise trade Excluded items in manufactures: Cannot verify. Oil coverage: Cannot verify. Valuation of exports: Free on board (FOB) Valuation of imports:
    23Volume of exports of goods and services : Source: CEIC Latest actual data: 2011 Base year: 2005 Methodology used to derive volumes: Weighted average of volume changes Formula used to derive volumes: Chain-weighted: No Trade System: General trade Excluded items in trade: In transit;Re-imports;Other;. For other, the following goods are excluded from trade statistics: o - Goods sold where duration of storage has expired according to the provision of Article 208 of Customs Act o - Goods reserved to national treasury according to the provision of Article 126 of Customs Act o - Goods destructed or scrapped according to the provision of Article 127 of Customs Act o - Goods forfeited or additionally collected according to the provision of Article 128 of Customs Act o - Goods lost, stolen, depriciated or destroyed in bonded area o - Goods in bonded sales shop o - Goods in transit through Korea o - Goods retured prior to import clearance o - Monetary gold and silver, negotiable securities, and monetary coins and paper money in current circulation o - Goods of A.T.A Carnet o - Goods consigned to diplomatic missions o - Goods for improvement or repair o - Goods temporarily imported or exported for international events, athletic meeting, exhibition, and etc o - Goods leased less than one year or goods on operational lease o - Goods considered to be samples for sales promotions o - Vessels constructed in bonded factory under the condition of acquiring Korean nationality o - Goods considered not relating to merchandise trade Excluded items in manufactures: Cannot verify. Oil coverage: Cannot verify. Valuation of exports: Free on board (FOB) Valuation of imports:
    24Volume of exports of goods : Source: CEIC Latest actual data: 2011 Base year: 2005 Methodology used to derive volumes: Weighted average of volume changes Formula used to derive volumes: Chain-weighted: No Trade System: General trade Excluded items in trade: In transit;Re-imports;Other;. For other, the following goods are excluded from trade statistics: o - Goods sold where duration of storage has expired according to the provision of Article 208 of Customs Act o - Goods reserved to national treasury according to the provision of Article 126 of Customs Act o - Goods destructed or scrapped according to the provision of Article 127 of Customs Act o - Goods forfeited or additionally collected according to the provision of Article 128 of Customs Act o - Goods lost, stolen, depriciated or destroyed in bonded area o - Goods in bonded sales shop o - Goods in transit through Korea o - Goods retured prior to import clearance o - Monetary gold and silver, negotiable securities, and monetary coins and paper money in current circulation o - Goods of A.T.A Carnet o - Goods consigned to diplomatic missions o - Goods for improvement or repair o - Goods temporarily imported or exported for international events, athletic meeting, exhibition, and etc o - Goods leased less than one year or goods on operational lease o - Goods considered to be samples for sales promotions o - Vessels constructed in bonded factory under the condition of acquiring Korean nationality o - Goods considered not relating to merchandise trade Excluded items in manufactures: Cannot verify. Oil coverage: Cannot verify. Valuation of exports: Free on board (FOB) Valuation of imports:
    25Value of oil imports : Value is equal to the price per unit of quantity of oil imports multiplied by the number of quantity units. Source: CEIC Latest actual data: 2011 Base year: 2005 Methodology used to derive volumes: Weighted average of volume changes Formula used to derive volumes: Chain-weighted: No Trade System: General trade Excluded items in trade: In transit;Re-imports;Other;. For other, the following goods are excluded from trade statistics: o - Goods sold where duration of storage has expired according to the provision of Article 208 of Customs Act o - Goods reserved to national treasury according to the provision of Article 126 of Customs Act o - Goods destructed or scrapped according to the provision of Article 127 of Customs Act o - Goods forfeited or additionally collected according to the provision of Article 128 of Customs Act o - Goods lost, stolen, depriciated or destroyed in bonded area o - Goods in bonded sales shop o - Goods in transit through Korea o - Goods retured prior to import clearance o - Monetary gold and silver, negotiable securities, and monetary coins and paper money in current circulation o - Goods of A.T.A Carnet o - Goods consigned to diplomatic missions o - Goods for improvement or repair o - Goods temporarily imported or exported for international events, athletic meeting, exhibition, and etc o - Goods leased less than one year or goods on operational lease o - Goods considered to be samples for sales promotions o - Vessels constructed in bonded factory under the condition of acquiring Korean nationality o - Goods considered not relating to merchandise trade Excluded items in manufactures: Cannot verify. Oil coverage: Cannot verify. Valuation of exports: Free on board (FOB) Valuation of imports:
    27Unemployment rate : Source: CEIC Latest actual data: 2010 Employment type: National definition Primary domestic currency: Korean won Data last updated: 04/2012
    28Employment : Source: CEIC Latest actual data: 2010 Employment type: National definition Primary domestic currency: Korean won Data last updated: 04/2012
    29Population : For census purposes, the total population of the country consists of all persons falling within the scope of the census. In the broadest sense, the total may comprise either all usual residents of the country or all persons present in the country at the time of the census. [Principles and Recommendations for Population and Housing Censuses, Revision 1, paragraph 2.42] Source: CEIC Latest actual data: 2010 Primary domestic currency: Korean won Data last updated: 04/2012
    30Govt revenue : Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities. Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: The fiscal projections assume that fiscal policies will be implemented in 2012 as announced by the government. Projections of expenditure for 2012 are in line with the budget. Revenue projections reflect the IMF staff?s macroeconomic assumptions, adjusted for discretionary revenue-raising measures included in the 2009-11 tax revision plans. The medium-term projections assume that the government will continue with its consolidation plans and balance the budget (excluding social security funds) by 2013, consistent with the government?s medium term goal. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;. For government gross/net debt only, general government includes central government and local government, starting from 2001. Valuation of public debt: Nominal value Primary domestic currency: Korean won Data last updated: 04/2012
    31Govt revenue : Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities. See notes for: General government revenue (National currency).
    32Govt total expenditure : Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: The fiscal projections assume that fiscal policies will be implemented in 2012 as announced by the government. Projections of expenditure for 2012 are in line with the budget. Revenue projections reflect the IMF staff?s macroeconomic assumptions, adjusted for discretionary revenue-raising measures included in the 2009-11 tax revision plans. The medium-term projections assume that the government will continue with its consolidation plans and balance the budget (excluding social security funds) by 2013, consistent with the government?s medium term goal. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;. For government gross/net debt only, general government includes central government and local government, starting from 2001. Valuation of public debt: Nominal value Primary domestic currency: Korean won Data last updated: 04/2012
    33Govt total expenditure : Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. See notes for: General government total expenditure (National currency).
    34Govt net lending/borrowing : Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities. Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: The fiscal projections assume that fiscal policies will be implemented in 2012 as announced by the government. Projections of expenditure for 2012 are in line with the budget. Revenue projections reflect the IMF staff?s macroeconomic assumptions, adjusted for discretionary revenue-raising measures included in the 2009-11 tax revision plans. The medium-term projections assume that the government will continue with its consolidation plans and balance the budget (excluding social security funds) by 2013, consistent with the government?s medium term goal. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;. For government gross/net debt only, general government includes central government and local government, starting from 2001. Valuation of public debt: Nominal value Primary domestic currency: Korean won Data last updated: 04/2012
    35Govt net lending/borrowing : Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities. See notes for: General government net lending/borrowing (National currency).
    36Govt structural balance : The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see, for example, A. Fedelino. A. Ivanova and M. Horton ?Computing Cyclically Adjusted Balances and Automatic Stabilizers? IMF Technical Guidance Note No. 5, http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf. Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: The fiscal projections assume that fiscal policies will be implemented in 2012 as announced by the government. Projections of expenditure for 2012 are in line with the budget. Revenue projections reflect the IMF staff?s macroeconomic assumptions, adjusted for discretionary revenue-raising measures included in the 2009-11 tax revision plans. The medium-term projections assume that the government will continue with its consolidation plans and balance the budget (excluding social security funds) by 2013, consistent with the government?s medium term goal. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;. For government gross/net debt only, general government includes central government and local government, starting from 2001. Valuation of public debt: Nominal value Primary domestic currency: Korean won Data last updated: 04/2012
    37Govt structural balance : See notes for: General government structural balance (National currency).
    38Govt primary net lending/borrowing : Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: The fiscal projections assume that fiscal policies will be implemented in 2012 as announced by the government. Projections of expenditure for 2012 are in line with the budget. Revenue projections reflect the IMF staff?s macroeconomic assumptions, adjusted for discretionary revenue-raising measures included in the 2009-11 tax revision plans. The medium-term projections assume that the government will continue with its consolidation plans and balance the budget (excluding social security funds) by 2013, consistent with the government?s medium term goal. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;. For government gross/net debt only, general government includes central government and local government, starting from 2001. Valuation of public debt: Nominal value Primary domestic currency: Korean won Data last updated: 04/2012
    39Govt primary net lending/borrowing : Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue). See notes for: General government primary net lending/borrowing (National currency).
    40Govt net debt : Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable. Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: The fiscal projections assume that fiscal policies will be implemented in 2012 as announced by the government. Projections of expenditure for 2012 are in line with the budget. Revenue projections reflect the IMF staff?s macroeconomic assumptions, adjusted for discretionary revenue-raising measures included in the 2009-11 tax revision plans. The medium-term projections assume that the government will continue with its consolidation plans and balance the budget (excluding social security funds) by 2013, consistent with the government?s medium term goal. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;. For government gross/net debt only, general government includes central government and local government, starting from 2001. Valuation of public debt: Nominal value Primary domestic currency: Korean won Data last updated: 04/2012
    41Govt net debt : Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable. See notes for: General government net debt (National currency).
    42Govt gross debt : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: The fiscal projections assume that fiscal policies will be implemented in 2012 as announced by the government. Projections of expenditure for 2012 are in line with the budget. Revenue projections reflect the IMF staff?s macroeconomic assumptions, adjusted for discretionary revenue-raising measures included in the 2009-11 tax revision plans. The medium-term projections assume that the government will continue with its consolidation plans and balance the budget (excluding social security funds) by 2013, consistent with the government?s medium term goal. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;. For government gross/net debt only, general government includes central government and local government, starting from 2001. Valuation of public debt: Nominal value Primary domestic currency: Korean won Data last updated: 04/2012
    43Govt gross debt : Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). See notes for: General government gross debt (National currency).
    44GDP corresponding to fiscal year, current prices : Gross domestic product corresponding to fiscal year is the country?s GDP based on the same period during the year as their fiscal data. In the case of countries whose fiscal data are based on a fiscal calendar (e.g., July to June), this series would be the country?s GDP over that same period. For countries whose fiscal data are based on a calendar year (i.e., January to December), this series will be the same as their GDP in current prices. Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: The fiscal projections assume that fiscal policies will be implemented in 2012 as announced by the government. Projections of expenditure for 2012 are in line with the budget. Revenue projections reflect the IMF staff?s macroeconomic assumptions, adjusted for discretionary revenue-raising measures included in the 2009-11 tax revision plans. The medium-term projections assume that the government will continue with its consolidation plans and balance the budget (excluding social security funds) by 2013, consistent with the government?s medium term goal. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Cash General government includes: Central Government;. For government gross/net debt only, general government includes central government and local government, starting from 2001. Valuation of public debt: Nominal value Primary domestic currency: Korean won Data last updated: 04/2012
    45Current account balance : Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries. Source: CEIC Latest actual data: 2011 BOP Manual used: BPM 6 Primary domestic currency: Korean won Data last updated: 04/2012
    46Current account balance : See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars).