A Comparative Analysis of the Economies of South Korea and Indonesia

This report presents a comparative economic analysis between South Korea and Indonesia, examining key indicators such as Gross Domestic Product (GDP), Consumer Price Index (CPI), Labor Force Participation Rate, and Foreign Direct Investments (FDI). The analysis includes data from various sources, including the World Bank and OECD, to provide a comprehensive overview of each country's economic performance. The report highlights the dominance of industry and services in South Korea's GDP and Indonesia's shift towards developing industry and services. It also explores the trends in labor force participation rates, inflation, and unemployment in both nations. The conclusion offers a summary of the key differences and similarities in their economic structures and performance, providing valuable insights into the economic landscapes of both countries.

Korea-Indonesia:
Analysis and
Comparison

Introduction
Republic of Korea:
• The Nation in East Asia, constituting the
Sounthern part of the Korean Peninsula.
• Population: Approximately 52,000,000.
• The 14th-largest economy by GDP (PPP), $2.225 trillion in 2019.

Introduction
Republic of Indonesia:
• The Nation in country in Southeast Asia and
Oceania.
• Population: Over 267,000,000, the world's 4th-most-populous country
• The largest economy in ASEAN by GDP (PPP), $3.329 trillion in 2019.

Analyses

Republic of Korea
• Gross Domestic Product (GDP)
World Bank national accounts data, and OECD National Accounts data files.

Republic of Korea
• Industry and Services account for
nearly 98% of GDP.
• Promoting the development of
many other economic sectors such
as agriculture, transportation,
trade.
Korea
2.3
59.2
38.5
Agriculture
Industry
Services

Republic of Korea
• Labor force participation rate
• Labor Force Participation
Rate in South Korea
averaged 61 percent from
1982 until 2020
• Recently, Labor Force
Participation Rate in South
Korea decreased to 63.10
percent in July from 63.20
percent in June of 2020.

Republic of Korea
• Consumer Price Index (CPI)
• CPI in South Korea
averaged 50.08 points
from 1965 until 2020.
• It slightly decreased
to 104.86 points in July
from 104.87 points in
June of 2020.

Republic of Indonesia
• Gross Domestic Product (GDP)
World Bank national accounts data, and OECD National Accounts data files.

Republic of Indonesia
• Indonesia is a new development country.
The country has restructured the GDP
proportion from Agriculture to focus on
developing Industry and services.

Republic of Indonesia
• Labor force participation rate

Republic of Indonesia
• Labor Force Participation Rate in Indonesia increased to 69.32
percent in 2019 from 69.20 percent in 2018.
• This number averaged 65.39 percent from 1990 until 2019,
reaching an all-time high of 69.32 percent in 2019 and a record
low of 57.14 percent in 1991