Korea Economy, Korea Economic Profile, Korean Economy, Economy of Korea
South Korea is ranked 24th in the world in terms
of population with 48.233 million people residing there in mid 2004. According to data obtained from World Bank Indicators, national growth rate in Korea during 1997-2003 was 0.7 %, more than world average of 1%.
Korea is densely populated country with 490 persons living per sq km in 2004, 80% of which live in urban areas. Life expectancy at birth in Korea is 74 years, somewhat less than other OECD high income countries, according to (1997-2003) World Bank figures.
Gross primary enrollment, which denotes the percent of school-age population, is 100, same for both the sexes. 92 % of the population has access to safe drinking water. Adult Literacy rate is 98%. Korea is ranked 28th in 177 countries of the world in terms of human development index.
South Korea Economy Key Indicators
After a period of relative success at the end of the 1990s, there has been a recent slowdown in GDP growth. GDP per capita has not grown strongly enough to narrow the income gap vis-à-vis the United States.
