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    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 2006 Nominal GDP per capita grew from $103 88 in 1962 to $5,438 24 in 1989, reaching the $20,000 milestone in 2006 The manufacturing sector grew from 14 3 percent of the GNP in 1962 to 30 3 percent in 1987

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