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Republic of Korea
Economy
Economic information
Gross Domestic Product (GDP) per
capita
22 589 (US$ per capita)
Real GDP growth
2.00 (% change year over year [yoy])
Inflation
2.20 (% change yoy)
Public expenditure on health
4.10 (% of GDP)
Education expenditure
5.00 (% of GDP)
Unemployment rate
3.20 (% of total labour force)
Major imports
Major Australian imports from Republic of Korea:
Refined petroleum
2 928 000 000 (A$)
Passenger motor vehicles
2 039 000 000 (A$)
Heating and cooling equipment and parts
355 000 000 (A$)
Pumps (excluding liquid pumps) and parts
257 000 000 (A$)
Republic of Korea’s major import sources:
China (1st)
15.50%
Japan (2nd)
12.40%
United States (3rd)
8.30%
Australia (6th)
4.40%
Major exports
Major Australian exports to Republic of Korea:
Coal
5 085 000 000 (A$)
Iron ores and concentrates
4 927 000 000 (A$)
Crude petroleum
1 532 000 000 (A$)
Beef
703 000 000 (A$)
Republic of Korea’s major export sources:
China (1st)
24.50%
United States (2nd)
10.70%
Japan (3rd)
7.10%
Australia (12th)
1.70%
Republic of Korea
Economy
Queensland Curriculum & Assessment Authority
July 2014
Page 2 of 3
Credits
The G20 interactive map and resources were developed using information from the following
sources (using the most recent data available at the time of publication):
 Department of Foreign Affairs and Trade (DFAT) 2013, country fact sheets, www.dfat.gov.au.
 The Organisation for Economic Co-operation and Development (OECD) 2014, statistics,
www.oecd.org.
 The World Bank 2014, data by country, http://data.worldbank.org/country.
 Central Intelligence Agency (CIA) 2014, World Fact Book,
https://www.cia.gov/library/publications/the-world-factbook.
Republic of Korea
Economy
Queensland Curriculum & Assessment Authority
July 2014
Page 3 of 3
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