What is the GDP of Korea and Italy?
Gross domestic product (GDP) is a measure of the economic activity of a country, and is calculated by adding up the value of all goods and services produced within a country in a given period of time.
In 2022, the GDP of South Korea was estimated to be around $1.82 trillion, while the GDP of Italy was estimated to be around $2.11 trillion, according to data from the World Bank. This means that Italy has a slightly higher GDP than South Korea.
However, it is important to note that GDP is not always an accurate measure of economic well-being, as it does not take into account factors such as income distribution, environmental sustainability, or social well-being.
Related Questions and Answers:
- What is the currency of South Korea? - South Korean won
- What is the capital of Italy? - Rome
- What is the official language of South Korea? - Korean
- What is the largest industry in Italy? - Tourism
- What is the main export of South Korea? - Electronics
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