Lessons Learnt and Policy Options
by the Republic of Korea
Contents
☞
Year
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
GDP(USD)
2.357B
2.746B
3.864B
3.358B
3.018B
3.806B
4.703B
5.955B
7.476B
8.900B
9.851B
10.74B
13.69B
19.23B
21.46B
29.55B
37.93B
51.13B
65.56B
63.83B
71.47B
76.22B
84.51B
93.21B
96.62B
111.31B
140.01B
Per Capita GDP(USD)
91.62
103.87
142.36
120.64
105.77
130.26
157.29
194.78
239.23
278.79
302.23
322.72
403.46
555.67
608.23
824.42
1041.59
1382.92
1746.73
1674.39
1845.65
1938.11
2117.53
2306.86
2367.78
2702.64
3367.54
☞
Year
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
GDP(USD)
187.45B
230.47B
284.76B
332.32B
356.12B
391.96B
458.70B
559.33B
603.41B
560.49B
376.48B
486.32B
561.63B
533.05B
609.02B
680.52B
764.88B
898.14B
1.012T
1.123T
1.002T
901.93B
1.094T
1.202T
1.223T
1.306T
1.410T
Per Capita GDP(USD)
4465.67
5438.25
6642.45
7675.69
8140.22
8869.02
10275.28
12403.91
13254.64
12196.77
8133.73
10432.21
11947.58
11255.95
12788.58
14219.19
15921.94
18657.52
20917.03
23101.51
20474.89
18338.71
22151.21
24155.83
24453.97
25997.88
27970.49
70
60
50
40
Manufacturing
30
Service
Agriculture
20
10
0
1960
1970
1980
1990
2000
2010
20
15
10
5
0
61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80
-5
- Planning, Budget Allocation,
Attracting Foreign Capital
- 1st Eco. Plan from 1962 to 1966
- President Chaired Monthly Meeting
- KOTRA
- Multiple Fixed → Single Variable Rate
- No Alternative Source of Rent
15
10
5
0
81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 0
-5
-10
Corporate, Finance and Public Sector Reform
Labor Reform and Strengthening of Welfare
Unemployment rate: 2.6%(’97) to 7.0%(‘98)
8
6
4
2
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
80
70
60
50
Its share in GDP
40
Its share in Population
30
20
10
0
1960s 1970
1980
1990
2000
2010
80
70
60
50
Its share in GDP
40
Its share in
30
employment
20
10
0
1980
1990
2000
2010
Thank you very much!!