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  • The International Monetary Fund says Korea′s per capita GDP will top 30-thousand U.S.

  • dollars by next year,... and get very close to Japan′s by 2020.

  • However,... experts say that Korea,... flanked on either side by Japan and China,...

  • will have to reform its industrial structure to stay competitive.

  • Park Seyoung reports. In five yearsKorea′s GDP per capita

  • will rise to nearly 37-thousand U.S. dollarsdrawing close to that of Japan′s.

  • According to the IMF′s World Economic Outlook databasethe nation′s per capita GDP

  • will reach 36,750 dollars in 2020,… a 31-percent rise from last year′s 27,970

  • dollars. Japan′s per capita GDP is forecast to see

  • a sixpercent rise over the same period to slightly over 38-thousand dollars.

  • In 2005, the GDP per capita of Japan was nearly two times that of Korea′s.

  • Last yearKorea′s per capita GDP adjusted to purchasing power parity came in at 35 thousand

  • 400 dollars,... close to Japan′s 37-and-a-half thousand dollars.

  • In 2018, Korea′s numbers are forecast to overtake Japan′s.

  • The latest figures show Korea is narrowing the economic gap with Japan.

  • Last yearJapan′s GDP was fourpointsix trillion dollars three times bigger than Korea′s.

  • According to the IMF′s databaseKorea′s 2014 GDP of onepointfour trillion dollars

  • will rise to onepointnine trillion dollars in 2020 …reducing the gap to twopointfour

  • times. In this year′s IMD World Competitiveness

  • RankingKorea climbed one notch to 25thwhile Japan tumbled six spots to 27th.

  • Meanwhilethe economic gap between China and Korea is expected to widen from just over

  • seven times last year to nine times in 2020. Experts say Korea will have to stay competitive

  • by reforming its industrial structure and developing highly profitable products to ensure

  • it keeps pace with the Japanese and Chinese economies over the next five years.

  • Park SeyoungArirang News.

The International Monetary Fund says Korea′s per capita GDP will top 30-thousand U.S.

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B1 korea gdp gap forecast economic database

Korea′s per capita GDP to reach US$36,750 in 2020: IMF 한국 1인당 GDP 5년후 3만7천달러…일

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    richardwang posted on 2015/11/05
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