Page "Economy of South Korea" Paragraph 6

South Korea's real gross domestic product expanded by an average of more than 8 percent per year, from US $ 2. 7 billion in 1962 to US $ 230 billion in 1989, breaking the trillion dollar mark in 2007.

Nominal GDP per capita grew from $ 103. 88 in 1962 to $ 5, 438. 24 in 1989, reaching the $ 20, 000 milestone in 2007.

The manufacturing sector grew from 14. 3 percent of the GNP in 1962 to 30. 3 percent in 1987.

Commodity trade volume rose from US $ 480 million in 1962 to a projected US $ 127. 9 billion in 1990.

The ratio of domestic savings to GNP grew from 3. 3 percent in 1962 to 35. 8 percent in 1989.