IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL KOREA REP.

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Seoul

2016 2017 2018 2019 2020

100 2019

1.165 2019 51.71 2019 1,642.4 2019 44,876 2019 2.0 2019 0.38 2019 3.80 2019 28.19 2019 3.65 2019 231.4 2018 0.64 2019

Exchange Rate (per $)

23

27

28

29

29

17

Population - market size (millions)

CHALLENGES IN 2020 Save jobs and firms amid economic turbulence. Rejuvenate innovative and inclusive economic growth in the post • Save jobs and firms amid economic turbulence. • Rejuvenate innovative and inclusive economic growth in the post Covid-19 era. • Promote the denuclearization process of DPRK. • Consolidate economic resilience from external shocks. • Manage structural changes in global trade and unilateralism.

12

Gross Domestic Product (GDP) (US$ billions)

25

GDP (PPP) per capita (US$)

33

Real GDP growth (%)

7

Consumer price inflation (%)

20

Unemployment rate (%)

15

Labor force (millions)

21

Current account balance (% of GDP)

23

Direct investment stocks inward ($bn)

Korea Institute for International Economic Policy (KIEP) Provided by: Korea Institute for International Economic Policy (KIEP)

53

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

3

11

12

13

15

19

20

27

27

28

29

30

31

31

34

36

38

41

46

48

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (29 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

7

8

9

9

10

10

10

11

11

11

84

IMD WORLD COMPETITIVENESS BOOKLET 2020