April 26, 2024
Economy
Korea’s economy ranks 11th worldwide
[THE INVESTOR] Korea’s gross domestic product ranked 11th worldwide in 2016, data showed on Aug. 9.
The country’s GDP stood at US$1.41 trillion last year, with its global standing remaining flat from the previous year, according to the data from the World Bank.
Korea’s GDP placed 10th in the world in 2005, but its global ranking has been hovering below the level for 11 straight years since then.
The US topped the global GDP list with US$18.57 trillion last year, trailed by China with US$11.19 trillion and Japan with US$4.94 trillion. Germany, Britain and France followed with US$3.47 trillion, US$2.62 trillion and US$2.47 trillion, respectively.
Rounding out the top 10 list were India with US$2.26 trillion, Italy with US$1.85 trillion, Brazil with US$1.79 trillion and Canada with US$1.53 trillion.
Meanwhile, South Korea’s gross national income per capita in purchasing power parity stood at US$35,790 last year with its ranking staying flat at 48th, according to the data.
But its nominal per capita GNI came in at US$27,600, or 45th worldwide, which was up one notch from a year earlier.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The country’s GDP stood at US$1.41 trillion last year, with its global standing remaining flat from the previous year, according to the data from the World Bank.
Korea’s GDP placed 10th in the world in 2005, but its global ranking has been hovering below the level for 11 straight years since then.
The US topped the global GDP list with US$18.57 trillion last year, trailed by China with US$11.19 trillion and Japan with US$4.94 trillion. Germany, Britain and France followed with US$3.47 trillion, US$2.62 trillion and US$2.47 trillion, respectively.
Rounding out the top 10 list were India with US$2.26 trillion, Italy with US$1.85 trillion, Brazil with US$1.79 trillion and Canada with US$1.53 trillion.
Meanwhile, South Korea’s gross national income per capita in purchasing power parity stood at US$35,790 last year with its ranking staying flat at 48th, according to the data.
But its nominal per capita GNI came in at US$27,600, or 45th worldwide, which was up one notch from a year earlier.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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