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South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korean Peninsula and borders North Korea along the Korean Demilitarized Zone; though it also claims the land border with China and Russia. The country's western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and adjacent islands. It has a population of 51.96 million, of which half live in the Seoul Capital Area, the ninth most populous metropolitan area in the world. Other major cities include Busan, Daegu, and Incheon.
The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its first kingdom was noted in Chinese records in the early 7th century BCE. After the unification of the Three Kingdoms of Korea into Silla and Balhae in the late 7th century, Korea was ruled by the Goryeo dynasty (918–1392) and the Joseon dynasty (1392–1897). The succeeding Korean Empire (1897–1910) was annexed in 1910 into the Empire of Japan. Japanese rule ended following Japan's surrender in World War II, after which Korea was divided into two zones: a northern zone, w... [More]
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Economic Indicators + Forecasts
Actual
Forecast
Indicator | Last | Time | Previous | Metric |
---|---|---|---|---|
Asylum Applications |
18838 | 23 Dec | 11539 | Persons |
Auto Exports |
243408 | 24 Oct | 205628 | units |
Balance of Trade |
5610 | 24 Nov | 3150 | USD Million |
Bank Lending Rate |
4.62 | 24 Sep | 4.48 | percent |
Bankruptcies |
13 | 24 Feb | 12 | Companies |
Business Confidence |
68 | 24 Nov | 69 | points |
CPI Housing Utilities |
115 | 24 Nov | 116 | points |
CPI Transportation |
114 | 24 Nov | 113 | points |
Capacity Utilization |
104 | 24 Oct | 102 | points |
Capital Flows |
12992 | 24 Oct | 12673 | USD Million |
Car Production |
367624 | 24 Oct | 307721 | Units |
Car Registrations |
124681 | 24 Oct | 130688 | Units |
Central Bank Balance Sheet |
562489 | 24 Sep | 554429 | KRW Billion |
Changes in Inventories |
-389 | 24 Sep | -2063 | KRW Billion |
Coincident Index |
112 | 24 Oct | 111 | points |
Composite Leading Indicator |
101 | 24 Oct | 101 | points |
Construction Orders |
6639132 | 24 Sep | 3617834 | KRW Million |
Construction Output |
-9.7 | 24 Oct | -12.9 | percent |
Consumer Confidence |
101 | 24 Nov | 102 | points |
Consumer Credit |
1913814 | 24 Sep | 1895802 | KRW Billion |
Consumer Price Index CPI |
114 | 24 Nov | 115 | points |
Consumer Spending |
274102 | 24 Sep | 272701 | KRW Billion |
Core Consumer Prices |
113 | 24 Nov | 113 | points |
Core Inflation Rate |
1.78 | 24 Nov | 1.69 | percent |
Corporate Tax Rate |
24 | 24 Dec | 24 | percent |
Corruption Index |
63 | 23 Dec | 63 | Points |
Corruption Rank |
32 | 23 Dec | 31 | |
Credit Rating |
86 | 24 Nov | ||
Currency |
1426 | 24 Dec | 1415 | |
Current Account |
9780 | 24 Oct | 10940 | USD Million |
Current Account to GDP |
1.3 | 23 Dec | 1.8 | percent of GDP |
Deposit Interest Rate |
3.36 | 24 Aug | 3.43 | percent |
Disposable Personal Income |
2191419 | 22 Dec | 2099125 | KRW Billion |
Economic Optimism Index |
93 | 24 Nov | 93 | points |
Electricity Production |
23251 | 24 Sep | 24135 | Gigawatt-hour |
Employed Persons |
28847 | 24 Oct | 28842 | Thousand |
Employment Change |
0.3 | 24 Oct | 0.5 | Percent |
Employment Rate |
63.3 | 24 Oct | 63.3 | percent |
Export Prices |
129 | 24 Oct | 127 | points |
Export Prices YoY |
2 | 24 Oct | 1 | percent |
Exports |
56350 | 24 Nov | 57520 | USD Million |
External Debt |
702683 | 24 Sep | 658284 | USD Million |
Fiscal Expenditure |
466410 | 24 Sep | 424198 | KRW Billion |
Food Inflation |
1.3 | 24 Nov | 1.4 | percent |
Foreign Direct Investment |
9846965 | 24 Sep | 8281261 | USD Thousand |
Foreign Exchange Reserves |
415390 | 24 Nov | 415700 | USD Million |
Foreign Stock Investment |
952017 | 23 Dec | 861744 | USD Million |
Full Year GDP Growth |
1.36 | 23 Dec | 2.61 | percent |
GDP |
1713 | 23 Dec | 1674 | USD Billion |
GDP Annual Growth Rate |
1.5 | 24 Sep | 2.3 | percent |
GDP Constant Prices |
572216 | 24 Sep | 571647 | KRW Billion |
GDP Deflator |
112 | 24 Sep | 111 | points |
GDP Growth Rate |
0.1 | 24 Sep | -0.2 | percent |
GDP from Agriculture |
8519 | 24 Sep | 8318 | KRW Billion |
GDP from Construction |
27341 | 24 Sep | 27731 | KRW Billion |
GDP from Manufacturing |
153204 | 24 Sep | 152864 | KRW Billion |
GDP from Mining |
419 | 24 Sep | 424 | KRW Billion |
GDP from Public Administration |
36349 | 24 Sep | 36377 | KRW Billion |
GDP from Services |
329222 | 24 Sep | 328514 | KRW Billion |
GDP from Transport |
25688 | 24 Sep | 25413 | KRW Billion |
GDP from Utilities |
12659 | 24 Sep | 11957 | KRW Billion |
GDP per Capita |
34121 | 23 Dec | 33690 | USD |
GDP per Capita PPP |
50572 | 23 Dec | 49934 | USD |
Gasoline Prices |
1.17 | 24 Nov | 1.16 | USD/Liter |
Gold Reserves |
104 | 24 Mar | 104 | Tonnes |
Government Budget |
-2.6 | 23 Dec | -4.4 | percent of GDP |
Government Budget Value |
-52888 | 24 Sep | -50354 | KRW Billion |
Government Debt to GDP |
51.5 | 23 Dec | 49.8 | percent of GDP |
Government Revenues |
413522 | 24 Sep | 373845 | KRW Billion |
Government Spending |
99328 | 24 Sep | 98698 | KRW Billion |
Government Spending to GDP |
37.75 | 21 Dec | 38.1 | percent of GDP |
Gross Fixed Capital Formation |
167839 | 24 Sep | 167490 | KRW Billion |
Gross National Product |
567149 | 24 Sep | 559481 | KRW Billion |
Home Ownership Rate |
56.2 | 22 Dec | 56.2 | percent |
House Price Index MoM |
0.07 | 24 Oct | 0.17 | percent |
Households Debt to GDP |
92 | 24 Mar | 93.6 | percent of GDP |
Housing Index |
93.3 | 24 Oct | 93.2 | points |
Import Prices |
138 | 24 Oct | 135 | points |
Import Prices YoY |
-2.5 | 24 Oct | -3.7 | percent |
Imports |
50740 | 24 Nov | 54400 | USD Million |
Industrial Production |
6.3 | 24 Oct | -1.4 | percent |
Industrial Production Mom |
0 | 24 Oct | -0.1 | percent |
Inflation Expectations |
2.8 | 24 Nov | 2.8 | percent |
Inflation Rate |
1.5 | 24 Nov | 1.3 | percent |
Inflation Rate MoM |
-0.3 | 24 Nov | 0 | percent |
Interbank Rate |
3.27 | 24 Dec | 3.27 | percent |
Interest Rate |
3 | 24 Nov | 3.25 | percent |
Labor Force Participation Rate |
64.7 | 24 Oct | 64.6 | percent |
Leading Economic Index |
117 | 24 Oct | 116 | points |
Lending Rate |
3.5 | 24 Nov | 3.75 | percent |
Loans to Private Sector |
1383341 | 24 Sep | 1378679 | KRW Billion |
Manufacturing PMI |
50.6 | 24 Nov | 48.3 | points |
Manufacturing Production |
6.5 | 24 Oct | -1.5 | percent |
Military Expenditure |
47926 | 23 Dec | 46365 | USD Million |
Minimum Wages |
9860 | 24 Dec | 9620 | KRW/Hour |
Mining Production |
-13.7 | 24 Oct | -15.6 | percent |
Money Supply M0 |
178672400 | 24 Sep | 176777900 | KRW Million |
Money Supply M1 |
1240052 | 24 Sep | 1229277 | KRW Billion |
Money Supply M2 |
4084612 | 24 Sep | 4065280 | KRW Billion |
Money Supply M3 |
5557494 | 24 Sep | 5515138 | KRW Billion |
New Orders |
7618616 | 24 Oct | 8873033 | KRW Million |
Personal Income Tax Rate |
45 | 24 Dec | 45 | percent |
Personal Savings |
34.4 | 24 Sep | 35.2 | percent |
Population |
51.71 | 23 Dec | 51.67 | Million |
Price to Rent Ratio |
102 | 24 Sep | 102 | |
Private Debt to GDP |
284 | 23 Dec | 291 | percent |
Producer Price Inflation MoM |
-0.1 | 24 Oct | -0.2 | percent |
Producer Prices |
119 | 24 Oct | 119 | points |
Producer Prices Change |
1 | 24 Oct | 1 | percent |
Productivity |
110 | 24 Jun | 106 | points |
Residential Property Prices |
-1 | 24 Jun | -2.8 | Percent |
Retail Sales MoM |
-0.4 | 24 Oct | -0.5 | percent |
Retail Sales YoY |
-0.8 | 24 Oct | -2.4 | percent |
Retirement Age Men |
60 | 24 Dec | 60 | Years |
Retirement Age Women |
60 | 24 Dec | 60 | Years |
Steel Production |
5400 | 24 Oct | 1300 | Thousand Tonnes |
Stock Market |
2428 | 24 Dec | 2442 | points |
Terms of Trade |
93.69 | 24 Oct | 94.13 | points |
Terrorism Index |
0 | 23 Dec | 0 | Points |
Tourism Revenues |
1836 | 24 Oct | 1528 | USD Million |
Tourist Arrivals |
1600263 | 24 Oct | 1464300 | |
Unemployed Persons |
678 | 24 Oct | 622 | Thousand |
Unemployment Rate |
2.7 | 24 Oct | 2.5 | percent |
Wages |
4517147 | 24 Sep | 4176459 | KRW/Month |
Wages in Manufacturing |
5076250 | 24 Sep | 4608854 | KRW/Month |
Weapons Sales |
621 | 23 Dec | 204 | SIPRI TIV Million |
Youth Unemployment Rate |
5.5 | 24 Oct | 5.1 | percent |
Indicator | Actual | Q1 | Q2 | Q3 | Q4 | Metric |
---|---|---|---|---|---|---|
Balance of Trade | 5610 | 3500 | 5000 | 7400 | 6200 | USD Million |
Bank Lending Rate | 4.62 | 4.62 | 4.37 | 4.12 | 4.12 | percent |
Business Confidence | 68 | 69 | 72 | 75 | 77 | points |
CPI Housing Utilities | 115 | 116 | 117 | 117 | 118 | points |
CPI Transportation | 114 | 114 | 114 | 115 | 114 | points |
Car Production | 367624 | 370000 | 365000 | 300000 | 330000 | Units |
Car Registrations | 124681 | 135500 | 128000 | 126000 | 130000 | Units |
Consumer Confidence | 101 | 101 | 100 | 103 | 106 | points |
Consumer Credit | 1913814 | 1908077 | 1897444 | 1924239 | 1948263 | KRW Billion |
Consumer Price Index CPI | 114 | 114.76 | 116.68 | 116.23 | 116.94 | points |
Consumer Spending | 274102 | 274706 | 275558 | 276792 | 279036 | KRW Billion |
Core Consumer Prices | 113 | 113.63 | 114.69 | 115.04 | 115.01 | points |
Core Inflation Rate | 1.78 | 2 | 2.4 | 2.2 | 1.9 | percent |
Currency | 1426 | 1423 | 1428 | 1433 | 1439 | |
Current Account | 9780 | 8100 | 7900 | 8900 | 10000 | USD Million |
Current Account to GDP | 1.3 | 1.7 | 2 | 2.5 | percent of GDP | |
Deposit Interest Rate | 3.36 | 3.36 | 3.11 | 2.86 | 2.86 | percent |
Disposable Personal Income | 2191419 | 2280000 | KRW Billion | |||
Employed Persons | 28847 | 28500 | 28450 | 29150 | 29200 | Thousand |
Export Prices | 129 | 124.22 | 130.75 | 138.2 | 131.84 | points |
Export Prices YoY | 2 | 2.8 | 3 | 4 | 4 | percent |
Exports | 56350 | 57300 | 58000 | 57600 | 58000 | USD Million |
Food Inflation | 1.3 | 1.8 | 1.5 | 2 | 2.4 | percent |
Full Year GDP Growth | 1.36 | 2.5 | percent | |||
GDP | 1713 | 1756 | 1794 | 1837 | USD Billion | USD Billion |
GDP Annual Growth Rate | 1.5 | 1.2 | 0.8 | 1.5 | 1.8 | percent |
GDP Constant Prices | 572216 | 572385 | 577535 | 580221 | 582516 | KRW Billion |
GDP Deflator | 112 | 109.54 | 113.05 | 113.13 | 114.55 | points |
GDP Growth Rate | 0.1 | 0.5 | 0.6 | 1.2 | 0.5 | percent |
GDP from Agriculture | 8519 | 7918 | 8030 | 8443 | 8672 | KRW Billion |
GDP from Construction | 27341 | 28302 | 29742 | 28147 | 27833 | KRW Billion |
GDP from Manufacturing | 153204 | 151976 | 152810 | 155157 | 155962 | KRW Billion |
GDP from Mining | 419 | 470.78 | 461.76 | 430.87 | 426.54 | KRW Billion |
GDP from Public Administration | 36349 | 35998 | 36067 | 36922 | 37003 | KRW Billion |
GDP from Services | 329222 | 329495 | 331143 | 333442 | 335147 | KRW Billion |
GDP from Transport | 25688 | 24916 | 24021 | 25794 | 26150 | KRW Billion |
GDP from Utilities | 12659 | 12229 | 12168 | 12136 | 12887 | KRW Billion |
GDP per Capita | 34121 | 34974 | 35743 | 36601 | USD | USD |
GDP per Capita PPP | 50572 | 51837 | 52977 | 54248 | USD | USD |
Gasoline Prices | 1.17 | 1.18 | 1.19 | 1.2 | 1.21 | USD/Liter |
Government Budget | -2.6 | -3.5 | -2.8 | percent of GDP | ||
Government Debt to GDP | 51.5 | 53 | 54 | 55 | percent of GDP | |
Gross Fixed Capital Formation | 167839 | 170010 | 171237 | 170002 | 170860 | KRW Billion |
Gross National Product | 567149 | 561114 | 572064 | 567873 | 577357 | KRW Billion |
Housing Index | 93.3 | 94 | 93.5 | 94 | 94.5 | points |
Import Prices | 138 | 138.87 | 144.53 | 149.49 | 141.13 | points |
Import Prices YoY | -2.5 | 4.5 | 4.5 | 4.8 | 4.8 | percent |
Imports | 50740 | 53800 | 53000 | 50200 | 51800 | USD Million |
Industrial Production | 6.3 | -2.3 | 1.2 | 1 | 2.6 | percent |
Industrial Production Mom | 0 | 1.2 | 0.5 | -0.7 | 1.2 | percent |
Inflation Rate | 1.5 | 1.8 | 2.4 | 2.1 | 2 | percent |
Inflation Rate MoM | -0.3 | 0.4 | 0.2 | 0.3 | -0.2 | percent |
Interbank Rate | 3.27 | 3.27 | 3.02 | 2.77 | 2.77 | percent |
Interest Rate | 3 | 3 | 2.75 | 2.5 | 2.5 | percent |
Loans to Private Sector | 1383341 | 1329264 | 1349583 | 1384165 | 1408241 | KRW Billion |
Manufacturing PMI | 50.6 | 49 | 51 | 50.6 | 51.4 | points |
Manufacturing Production | 6.5 | -2.2 | 3.2 | 1.8 | 2.4 | percent |
Minimum Wages | 9860 | 9860 | 10100 | 10800 | KRW/Hour | KRW/Hour |
Population | 51.71 | 51.75 | 51.95 | 52 | Million | Million |
Private Debt to GDP | 284 | 290 | 289 | percent | ||
Producer Price Inflation MoM | -0.1 | 0.2 | 0.1 | -0.2 | 0.3 | percent |
Producer Prices | 119 | 119.79 | 121.43 | 122.21 | 121.54 | points |
Producer Prices Change | 1 | 1.9 | 2.2 | 2.5 | 2 | percent |
Retail Sales MoM | -0.4 | 0.4 | 0.2 | -0.8 | 1.1 | percent |
Retail Sales YoY | -0.8 | 2.1 | 3 | 3 | percent | |
Stock Market | 2428 | 2419 | 2397 | 2374 | 2352 | points |
Unemployment Rate | 2.7 | 3.3 | 2.9 | 3 | 2.6 | percent |
Wages | 4517147 | 4446000 | 4620000 | 4620000 | KRW/Month | |
Wages in Manufacturing | 5076250 | 4922000 | 5480000 | 4700000 | 49500000 | KRW/Month |
Youth Unemployment Rate | 5.5 | 5.7 | 6.3 | 6.3 | percent |