(measure: points; Source: The Swiss Institute of Technology in Zurich)
* indicates monthly or quarterly data series
South Korea: Economic globalization index (0-100)
For that indicator, we provide data for South Korea from 1970 to 2018. The average value for South Korea during that period was 43.89 points with a minimum of 21.72 points in 1970 and a maximum of 66.93 points in 2014.
The latest value from 2018 is 63.01 points. For comparison, the world average in 2018 based on 188
countries is 58.85 points.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The KOF Economic Globalization Index for South Korea and other countries has two dimensions. First, it measures the economic flows between South Korea and the rest of the world in terms of international trade and international investment. The question is whether South Korea exchanges a lot of goods, services, and investments with other countries. Second, it measures the restrictions to trade and investment such as tariffs and capital controls on international investment. Each dimension is based on several variables that are combined in one overall index that ranges from 0 to 100.
Definition: Economic globalization has two dimensions: actual economic flows and restrictions to trade and capital. The sub-index on actual economic flows includes data on trade, FDI, and portfolio investment. The sub-index on restrictions takes into account hidden import barriers, mean tariff rates, taxes on international trade (as a share of current revenue), and an index of capital controls. More information and the original data can be obtained here.