S. Korea now ranks world's 10th biggest economy
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
South Korea ranked 10th worldwide in terms of nominal gross domestic product (GDP) last year. Korea advanced two ranks from 2019, suffering relatively little harm from the global economic contraction caused by COVID-19.
According to the World Economic Outlook, released Wednesday by the International Monetary Fund (IMF), South Korea’s nominal GDP last year stood at US$1.63 trillion, down US$15.8 billion (-1.0%) from the previous year (US$1.65 trillion).
But other countries suffered a much sharper decline in GDP amid the pandemic, lifting South Korea to 10th place.
That wasn’t the only impact COVID-19 had on global economic rankings.
Prior to the outbreak of COVID-19, Brazil (US$1.88 trillion) and Russia (US$1.69 trillion) were both ranked above Korea, at 9th and 11th, respectively. But those two countries’ GDP plummeted more than 10% -- to US$1.43 trillion and US$1.47 trillion, respectively – during the pandemic, pushing them below South Korea.
Brazil dropped three places, from 9th to 12th, below Russia, which remained at 11th. Brazil and Russia posted economic growth rates of -4.1% and -3.1%, respectively, last year.
The countries ahead of South Korea in the rankings are the big four – the US (US$20.93 trillion), China (US$14.72 trillion), Japan (US$5.49 trillion), and Germany (US$3.8 trillion) – along with the UK (US$2.711 trillion), India (US$2.709 trillion), France (US$2.6 trillion), Italy (US$1.88 trillion), and Canada (US$1.64 trillion).
Among the top nine, India’s economy shrank from US$2.871 trillion in 2019 to US$2.709 in 2020, ceding 5th place to the UK.
These changes in the rankings aren’t expected to be reversed. The IMF predicts that South Korea will stay in 10th place through 2026. While there may be some movement within the top ten, there are unlikely to be any entrances or exits, the IMF said.
The IMF predicts that South Korea will post a GDP of US$1.81 trillion in 2021, surpassing its 2019 level. It’s then expected to exceed US$2 trillion with a GDP of US$2.05 trillion in 2024 and to reach US$2.22 trillion in 2026, while remaining in 10th place globally.
By Lee Jeong-hun, staff reporter
Please direct comments or questions to [english@hani.co.kr]
Copyright © 한겨레. All rights reserved. 무단 전재, 재배포 및 크롤링 금지.
- 5년째 ‘사고 나면, 부인 옆 딴남자 누움’ 참 천박한 안전광고
- 벨기에 대사, 부인의 옷가게 직원 폭행 사과
- 국민 10명 중 7명 “정부 목표인 11월 집단면역, 불가능할 것”
- 7번이나 신고 들어간 유흥업소…‘한정식집인 척’ 운영하다 83명 입건
- “피해자님이여!” 윤호중 원내대표님, 사과는 그렇게 하는 게 아니에요
- 더워지는 바다, 화려한 물고기 색깔 칙칙해진다
- 주식 현타→코인의 늪 “잘 때도 1시간마다 알람, 왜냐고요?”
- EU, 인공지능 남용 제동…위반시 ‘최소 400억 벌금’도 논의
- 코로나 경제타격 ‘남성 < 여성’ 확인…3040 기혼여성 직격탄
- 자가격리 중인 안철수 “대통령, 화이자·모더나 방문하라”