South Korea Overtakes Mexico to become the World's 10th Largest Economy.
South Korea overtook Mexico to become the world's 10th largest economy in 2003 .
The World Bank ranked Korea 10th with a gross national income (GNI) of $606 billion in 2003, narrowing the gap with China, which slid to seventh from sixth a year ago.
According to the World Development Indicators 2004 published by the World Bank, Brazil, ranked 13th in 2003, slid to 15th place while India maintained the 12th spot on the basis of GNI.
The report showed that Korea overtook Mexico, whose GNI stood at $602 billion last year. Canada (eighth), Spain (ninth), the Netherlands (13th) and Australia (14th) posted similar figures with Korea, with GNI¡¯s of $833 billion, $828 billion, $494 billion and $465 billion, respectively.
According to the World Bank, the United States ranked first with the largest GNI of $10.9 trillion, followed by Japan with $4.3 trillion, Germany with $2.3 trillion and the United Kingdom with $1.8 trillion.
The World Bank ranked Korea 10th with a gross national income (GNI) of $606 billion in 2003, narrowing the gap with China, which slid to seventh from sixth a year ago.
According to the World Development Indicators 2004 published by the World Bank, Brazil, ranked 13th in 2003, slid to 15th place while India maintained the 12th spot on the basis of GNI.
The report showed that Korea overtook Mexico, whose GNI stood at $602 billion last year. Canada (eighth), Spain (ninth), the Netherlands (13th) and Australia (14th) posted similar figures with Korea, with GNI¡¯s of $833 billion, $828 billion, $494 billion and $465 billion, respectively.
According to the World Bank, the United States ranked first with the largest GNI of $10.9 trillion, followed by Japan with $4.3 trillion, Germany with $2.3 trillion and the United Kingdom with $1.8 trillion.
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