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South Korea's Gdp and Imports

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South Korea's Gdp and Imports

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After knowing the about the main cities in South Korea, to understand business practices one must know about the countries wealth. South Korea has an overall gross domestic product (GNP) of one trillion two billion eight hundred twenty-five million two hundred seventy-six thousand one hundred twenty US dollars (See appendix A1). The GNP per person is twenty thousand five hundred thirty US dollars. (ucatlas.uscs.edu, 2003) This means that South Korea is producing twenty thousand five hundred thirty US dollars worth of products per person in South Korea each year.

South Korea has a Gross Domestic Product (GDP) of one trillion fourteen billion five hundred million US dollars. Compared to the BRIC countries South Korea is fairly close except for the case of China who has a GDP of almost six trillion US dollars. (Google.com, 2012) (See appendix A2) South Korea has a Purchasing Power Parity (PPP) GDP of one trillion five hundred forty nine billion US dollars. They are compared at thirteenth in the world directly behind Mexico and right before Spain. From two thousand nine to two thousand eleven their GDP PPP rose fourteen billion US dollars. Their exchange rate GDP is lowered to one trillion one hundred sixty four billion US dollars. South Korea has a GDP per capita of thirty-one thousand seven hundred. That means that the countries total revenue divided by each person in the country of Korea equals that amount of US dollars. That number grew from two thousand nine to two thousand eleven by twenty eight hundred US dollars. (cia.gov, 2012) Most of South Korea’s GDP has grown during two thousand ten.

More than fifty percent of South Korea’s composition by sector GDP is services. In two thousand eight services was estimated at fifty eight point two percent of the GDP. That is followed by services at thirty-nine point two of the GDP. South Korea does not focus on producing agriculture since they have only two point six percent of the GDP in the sector. (cia.gov, 2012)...