Korea

Events thus far in 1955 arouse mixed reactions as to the extent of economic recovery in the Republic of Korea. During the fiscal year ending 30 June 1955 the gap was largely closed between the gross national product of 1954/55 ($1,752 million) and the figure for 1949/50 before the Korean war ($1,771 million), both in terms of the 1952/53 dollar. Population, estimated to have increased by over 9 per cent from 20.3 million to 22.3 million during 1950-55, however, makes the picture less favourable when translated to a per capita basis, which was $92.4 in 1949/50 but $88.1 in 1954/55.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities