Country rank: 6
CURRENT ECONOMIC PERFORMANCE
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KOREA
2016 EPI score
2016 EPI score
98%
A
| F (Very Poor) |
D (Poor) |
C (Fair) |
B (Good) |
A (Excellent) |
A+ (Superior) |
| <60 | 60-80 | 80-90 | 90-95 | 95-100 | >100 |
South Korea: seems good but only on paper
ECONOMIC PERFORMANCE HISTORY
EPI COMPONENTS PERFORMANCE HISTORY
Inflation
Unemployment
Budget deficit
GDP Growth
EPI DATA FOR KOREA
| Year | Inflation Rate (%) | Unemployment Rate (%) | Budget Deficit as a Percent of GDP (%) | Change in Real GDP (%) | Raw EPI Score (%) | Change From Previous Year | Raw EPI performance |
|---|---|---|---|---|---|---|---|
| 2000 | 2.3 | 4.4 | -4.2 | 8.9 | 106.4 | 1.2 | A+ |
| 2001 | 4.1 | 4.0 | -2.6 | 4.5 | 99.0 | -7.4 | A+ |
| 2002 | 2.8 | 3.3 | -3.4 | 7.4 | 104.8 | 5.8 | A+ |
| 2003 | 3.5 | 3.6 | -1.6 | 2.9 | 97.5 | -7.4 | A |
| 2004 | 3.6 | 3.7 | -0.1 | 4.9 | 97.7 | 0.3 | A |
| 2005 | 2.8 | 3.7 | -0.9 | 3.9 | 98.3 | 0.6 | A |
| 2006 | 2.2 | 3.5 | -1.1 | 5.2 | 100.5 | 2.2 | A+ |
| 2007 | 2.5 | 3.3 | -2.2 | 5.5 | 101.8 | 1.3 | A+ |
| 2008 | 4.7 | 3.2 | -1.5 | 2.8 | 96.5 | -5.3 | A |
| 2009 | 2.8 | 3.7 | 0.0 | 0.7 | 94.3 | -2.2 | B+ |
| 2010 | 2.9 | 3.7 | -1.5 | 6.5 | 101.4 | 7.0 | A+ |
| 2011 | 4.0 | 3.4 | -1.7 | 3.7 | 97.9 | -3.4 | A |
| 2012 | 2.2 | 3.2 | -1.6 | 2.3 | 98.4 | 0.5 | A |
| 2013 | 1.3 | 3.1 | -0.7 | 2.9 | 99.1 | 0.7 | A+ |
| 2014 | 1.3 | 3.5 | -0.4 | 3.3 | 98.9 | -0.2 | A |
| 2015 | 0.7 | 3.6 | -0.3 | 2.8 | 98.8 | -0.2 | A |
| 2016 | 1.0 | 3.7 | -0.3 | 2.8 | 98.5 | -0.3 | A |
| 2017* | 1.8 | 3.8 | -0.7 | 2.7 | 97.8 | -0.7 | A |
| 2018* | 1.9 | 3.6 | -1.1 | 2.8 | 98.4 | 0.6 | A |
| 2019* | 1.9 | 3.3 | -1.5 | 3.0 | 99.3 | 0.9 | A+ |
| 2020* | 1.9 | 3.2 | -1.7 | 3.0 | 99.6 | 0.3 | A+ |
| 2021* | 2 | 3.1 | -1.8 | 3.1 | 99.8 | 0.1 | A+ |
| 2022* | 2 | 3.1 | -1.9 | 3.1 | 99.8 | 0.1 | A+ |