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