The Republic of Korea's economy has been one of the economic marvels of the last few decades, growing rapidly and steadily, with few downturns. By 2010, the ROK had the world's 12th largest GDP, and ranked 10th among nations in electricity consumption and production, 10th in gas imports, 9th in oil consumption, and 4th in oil imports. The ROK has become an international force in several industries, including steel, automobiles, and electronics, and has experienced a large increase in the living standards of its people, as well as in urbanization. Much of the ROK's energy needs are supplied by imports, and the ROK has embraced nuclear power as a key source of electricity.