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The economy of South Korea is a highly developed mixed economy. [19] [20] [21] By nominal GDP, the economy was worth ₩2.61 quadrillion (US$1.87 trillion).It has the 4th largest economy in Asia and the 12th largest in the world as of 2024. [3]
State Brazil: South America: 253 2019 [30] 17.5 15 Nevada: State United States: North America: 252 2024 [13] 3.1 68 Iowa: State United States: North America: 251 2024 [13] 3.2 70 Tianjin: Municipality China: Asia: 243 2022 [3] 13.9 15 Rio Grande do Sul: State Brazil: South America: 242 2019 [31] 11.4 16.5 Paraná: State Brazil: South America ...
This is a list of South Korean regions by GDP. All data are sourced from the latest regional statistics published by the South Korean Government, [1] the OECD and the International Monetary Fund (IMF). [2] [3] The South Korean won has been converted to the international dollar using the IMF's Purchasing Power Parity conversion rate.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
The South Korean government's structure is determined by the Constitution of the Republic of Korea. Like many democratic states, [146] South Korea has a government divided into three branches: executive, judicial, and legislative. The executive and legislative branches operate primarily at the national level, although various ministries in the ...
Special Self-governing Province or State (특별자치도, 特別自治道) is a type of provinces with more autonomy over its economy and more powers are given to the provincial government. Jeju , Gangwon , and Jeonbuk are the only special self-governing provinces in South Korea, while Seoul is the only special city and Sejong is the only ...
South Korea’s total fertility rate, the number of births from a woman in her lifetime, is now expected to drop from 0.78 in 2022 to 0.65 in 2025, according to the government’s Statistics Korea.
The Economist Intelligence Unit rated South Korea a "full democracy" in 2022. [1] [needs update] According to the V-Dem Democracy indices in 2023, South Korea was the third most electoral democratic country in Asia. [2] South Korea is often cited as a model of democracy due to its relatively peaceful and internally-driven democratic transition.