REPUBLIC OF KOREA - Department of Foreign …

1 REPUBLIC OF KOREA . Fact sheets are updated biannually; June and December General information Capital: Seoul Head of State Land area: 97,350 sq km President HE Mr Moon Jae-in Official language(s): Korean Head of Government Population: million (2017) Prime Minister HE Mr Lee Nak-yon Currency: Won Economic indicators (a) 2013 2014 2015 2016 2017 2018. GDP (US$b) (current prices) 1, 1, 1, 1, 1, 1, GDP per capita (US$) 25, 27, 27, 27, 29, 32, GDP PPP (Int'l $b) 1, 1, 1, 1, 2, 2, GDP per capita PPP (Int'l $) 33, 35, 36, 37, 39, 41, Real GDP growth (% change yoy) Current account balance (US$b) Current account balance (% GDP) Inflation (% change yoy) Unemployment (% labour force) Australia's trade and investment relationship with REPUBLIC of KOREA (b).

2 Australian merchandise trade with REPUBLIC of KOREA , 2017 (A$m) Total share Rank Growth (yoy). Exports to REPUBLIC of KOREA 21,209 3rd Imports from REPUBLIC of KOREA 30,859 3rd Total merchandise trade (exports + imports) 52,068 3rd Major Australian exports, 2017 (A$m) Major Australian imports, 2017 (A$m). Coal 6,883 Ships, boats & floating structures 18,074. Iron ores & concentrates 3,858 Refined petroleum 5,637. Beef, 1,099 Passenger motor vehicles 2,902. Sugars, molasses & honey 952 Electrical machinery & parts, nes 233. *Includes $3b of confidential items & special transactions, estimated to be mainly LNG, 14% of total exports. Australia's trade in services with REPUBLIC of KOREA , 2017 (A$m) Total share Rank Growth (yoy).

3 Exports of services to REPUBLIC of KOREA 2,157 10th Imports of services from REPUBLIC of KOREA 1,071 19th Major Australian services exports, 2017 (A$m) Major Australian services imports, 2017 (A$m). Education-related travel 966 Transport 410. Personal travel excluding education 922 Personal travel excluding education 192. Australia's investment relationship with REPUBLIC of KOREA , 2017 (A$m) Total FDI. Australia's investment in REPUBLIC of KOREA 19,890 858. REPUBLIC of KOREA 's investment in Australia 26,310 5,220. REPUBLIC of KOREA 's global merchandise trade relationships REPUBLIC of KOREA 's principal export destinations, 2017 REPUBLIC of KOREA 's principal import sources, 2017.

4 1 China 1 China 2 United States 2 Japan 3 Vietnam 3 United States 6 Australia 6 Australia Compiled by the Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources (a) Economic indicators data is from the IMF WEO where available, WKH (,8 RU RWKHU UHSXWDEOH VRXUFH 'DWD PD\ LQFOXGH IRUHFDVWV RU SURMHFWLRQV IRU UHFHQW \HDUV *1, PD\ EH VKRZQ LQ OLHX RI *'3 IRU FRXQWULHV ZKHUH *'3 GDWD LV XQDYDLODEOH . E 0 HUFKDQGLVH WUDGH GDWD LV EDVHG RQ SXEOLVKHG DQG XQSXEOLVKHG $%6 GDWD 0D\ H[FOXGH FRQILGHQWLDO LWHPV RI WUDGH 7 RWDOV PD\ QRW DGG XS GXH WR URXQGLQJ ,QYHVWPHQW GDWD LV VWRFNV DV DW HQG 'HFHPEHU . All data may be subject to future revisions.)]

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