Korea South Economy - 1986

GEOGRAPHICAL NAMES 

GNP: $90.1 billion (1984, in 1984 prices), $2,000 per capita; real growth 7.5% (1984); real growth 4.7% (1980-84 average)

Natural resources: coal (limited), tungsten, graphite

Agriculture: 9.0 million people (22% of the population) live in farm households, but agriculture, forestry, and fishing constitute 15% of GNP; main crops—rice, barley, vegetables, and legumes

Fishing: catch 2,909,811 metric tons (1984)

Major industries- textiles and clothing, food processing, chemicals, steel, electronics, ship building

Shortages: heavily dependent on imports of iron ore, crude oil, base metals, lumber, and certain food grains

Crude steel. 13 0 million metric tons produced (1984)

Electric power: 15,560,000 kW capacity (1985), 56.49 billion kWh produced (1985), 1,325 kWh per capita

Exports: $29.2 billion (f.o.b., 1984); textiles and clothing, electrical machinery, footwear, steel, ships, fish

Imports: $30.6 billion (c.i.f., 1984), machinery, oil, steel, transport equipment, textiles, organic chemicals, grains

Major trade partners: exports—36% US, 16% Japan; imports—25% Japan, 22% US (1984)

Aid; economic—US, including Ex-lm (1970-83), $3 9 billion committed; Japan (1965-75), $1 8 billion extended; military— US (1970-84) $3 8 billion committed

Budget: planned expenditures, $15.4 billion (1986)

Monetary conversion rate: 892 won=US$l (2 January 19861

Fiscal year: calendar year

NOTE: The information regarding Korea South on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Korea South 1986 information contained here. All suggestions for corrections of any errors about Korea South 1986 should be addressed to the CIA or the source cited on each page.