Is South Korea's industry strong or Italy's industry strong?
Both South Korea and Italy started with industry, with a total GDP of $1.71 trillion in 2023 and a per capita GDP of $35,600.
During the same period, Italy's total GDP was about $2.25 trillion, and its per capita GDP was $37,100.
From the perspective of economic data, Italy has a clear advantage in terms of economic aggregate, and its per capita GDP is also slightly superior.
However, South Korea's industrial output value is higher, and there are more large industrial enterprises, such as Hyundai Kia, Samsung, LG, SK hynix, POSCO, etc.
Italy, on the other hand, is dominated by small and medium-sized businesses, and is dominated by sports cars, luxury goods and design industries. Such as Ferrari, Lamborghini, Prada, Bulgari, etc.
On an industrial scale, South Korea is stronger than Italy!
But in some subdivisions, such as machinery, machine tools, performance cars, etc., Italy has more advantages!
