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The Bank of Korea was established on June 12, 1950 under the Bank of Korea Act. The primary purpose of the Bank, as prescribed by the Act, is the pursuit of price stability. The Bank sets a price stability target in consultation with the Government and draws up and publishes an operational plan including it for monetary policy
Gross Domestic Product Estimates for North and South Korea, 2017.
The Ratio used in this dataset represents the ratio of the same indicator for South Korea and North Korea.
For example, for an indicator "Nominal GNI " , Ratio=South korea Nominal GNI/North Korea GNI.
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well.
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