South Korea is a country located in East Asia with a population of 51.25 million and is governed by a democratic system of government. This developed country has an annual GDP growth of 2.8% based on the 2nd quarter performance with a total of 7.03%. Current GDP divided by current population will result in a value of $26,152 per capita. The recent survey placed South Korea 12th in the world and 3rd in Asia. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay GDP Breakdown This graph represents the percentage of GDP covered by consumption. It can be seen here that every first quarter of every year the consumption percentage increases. The value of consumption was $198 billion for 2016, $205 billion for 2017, and $215 billion for 2018 (all state of the first quarter of each year). Total investment reached 32.35% of South Korea's GDP in the second quarter of 2017, but was only 26.61% in the 1st quarter of 2016. Here the investment pattern is exactly the opposite of that of consumption since every 1st quarter of each year, investments decrease while in the 2nd-4th quarter they increase and stabilize. In the graph you can see that the pattern of total government spending increases from the 1st to the 3rd quarter but decreases in the 4th quarter. However, the overall amount increases every year. The graph shows South Korea's total net export for each month from 2016 to July 2018. For the trade component, it is quite unpredictable. You can only see some patterns such as, the first month of every year, the net export decreases. However, it is not safe to draw conclusions for the rest of the months without sufficient data. Its trade component may decline in some months, but it is still considerably nominal or even higher than other countries. Trade Relationships South Korea and the Philippines have a strong bond due to the events that occurred during the Korean War. South Korea is a major trader in the Philippines and was the top sender to the Philippines in 2006, boosting tourism, education and other departments. Exports to the Philippines reached $776,534 THO, an increase from last year and will continue to increase in the coming years. The benefits of this strong bond will be lowering trade barriers, increasing the number of foreign products and services in both countries, and faster diffusion of knowledge which I believe is very beneficial to the Philippines. The diagram on the right talks about the change in the inflation rate over the months from 2016 to July 2018. There was an increase in the inflation rate in 2017, but it drops at the beginning of 2018 and stabilizes. I assume that since it was constant for the month of March through July, the value will not vary for next year. V. ForecastFor the short-term forecast, I believe that South Korea's GDP will follow an upward trend based on the information I have researched. Their business transactions are export-oriented and their exports are mainly focused on technological machines such as chips and storage devices which are in high demand across the world. In addition to this, exports of petrochemical products and vehicles have increased. Korea is on the crest of technological progress and produces these products and then exports them to developed and developing countries. The education system of this country is exceptional and is known throughout the world. It has been proven that when the population of a country is well educated, most likely the.