Japan and Korea weathered the pandemic without resorting to lockdowns. Both countries charted a successful middle course that avoided hard restrictions. Serious health outcomes were rare, despite significant vulnerability to public health crises. Initial damage to their economies was limited. Although challenges remain, their approach offers lessons for living with COVID-19. Japan and South Korea never implemented lockdowns to contain COVID-19,...
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GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Private Consumption | 2022 Q2 | 230,440 | 223,795 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Government Consumption | 2022 Q2 | 87,638 | 86,723 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2022 Q2 | 139,469 | 139,446 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Investment | 2022 Q2 | 140,909 | 139,961 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Gross Domestic Product | 2022 Q2 | 491,877 | 488,321 | Bil. Ch. 2015 KRW, SA | Quarterly |
Private Consumption | 2022 Q1 | 247,665 | 246,456 | Bil. KRW, SA | Quarterly |
Government Consumption | 2022 Q1 | 98,534 | 97,666 | Bil. KRW, SA | Quarterly |
Nominal Gross Domestic Product | 2022 Q1 | 532,765 | 530,268 | Bil. KRW, SA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2022 Q1 | 164,613 | 168,083 | Bil. KRW, SA | Quarterly |
Investment | 2022 Q1 | 164,748 | 174,213 | Bil. KRW, SA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Jul 2022 | 108.74 | 108.22 | Index 2020=100, NSA | Monthly |
Producer Price Index (PPI) | Jun 2022 | 120.04 | 119.43 | Index 2015=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Unemployment | Jun 2022 | 832 | 811 | Ths. #, SA | Monthly |
Labor Force Employment | Jun 2022 | 28,153 | 28,222 | Ths. #, SA | Monthly |
Labor Force | Jun 2022 | 28,985 | 29,034 | Ths. #, SA | Monthly |
Unemployment Rate | Jun 2022 | 2.9 | 2.8 | %, SA | Monthly |
Wage & Salaries | 2021 | 991,904 | 934,794 | Bil. KRW | Annual |
Total Employment | 2019 | 22,723,272 | 22,234,776 | # | Annual |
Agriculture Employment | 2017 | 1,363,560 | 1,359,356 | # | Annual |
Real Wages & Salaries | 2017 | 766,202 | 734,010 | Bil. KRW | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Exports of Goods | Jul 2022 | 60,700,000 | 57,626,000 | Ths. US$ NSA | Monthly |
Balance of Goods | Jul 2022 | -4,669,000 | -2,575,000 | Ths. US$, NSA | Monthly |
Imports of Goods | Jul 2022 | 65,369,000 | 60,200,000 | Ths. US$ NSA | Monthly |
Current Account Balance | Jun 2022 | 5,609 | 3,859 | Mil. USD, NSA | Monthly |
Real Net Exports | 2022 Q2 | 33,455 | 38,979 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Imports of Goods and Services | 2022 Q2 | 185,435 | 186,968 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Exports of Goods and Services | 2022 Q2 | 218,891 | 225,948 | Bil. Ch. 2015 KRW, SA | Quarterly |
Imports of Goods and Services | 2022 Q1 | 234,265 | 226,394 | Bil. KRW, SA | Quarterly |
Exports of Goods and Services | 2022 Q1 | 256,644 | 238,119 | Bil. KRW, SA | Quarterly |
Net Exports | 2022 Q1 | 22,379 | 11,725 | Bil KRW, SA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Budget Balance | May 2022 | -48,889 | -21,317 | Bil. KRW YTD, NSA | Monthly |
Government Revenues | May 2022 | 281,457 | 236,310 | Bil. KRW YTD, NSA | Monthly |
Government Expenditures | May 2022 | 330,346 | 257,627 | Bil. KRW, NSA | Monthly |
Outstanding Public Debt | 2022 Q1 | 654,097 | 632,393 | Mil. USD, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Lending Rate | 08 Aug 2022 | 2.25 | 2.25 | %, NSA | Daily |
Stock Market Index | 05 Aug 2022 | 2,490 | 2,473 | Index, NSA | Daily |
Treasury Bills (over 31 days) | Jul 2022 | 2.96 | 2.6 | % p.a., NSA | Monthly |
Money Market Rate | Jul 2022 | 1.95 | 1.75 | % p.a., NSA | Monthly |
Average Long-term Government Bond | Jul 2022 | 3.3 | 3.64 | % p.a., NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Vacancy | May 2022 | 27,375 | 27,180 | #, NSA | Monthly |
Building Permits | 2021 | 173,206 | 147,310 | Ths. m² | Annual |
Residential Building Permits | 2021 | 38,491 | 33,229 | Ths. m² | Annual |
Consumer | Reference | Last | Previous | Units | Frequency |
Real Retail Sales | 2022 Q2 | 46,125 | 45,134 | Bil. Ch. 2015 KRW, SA | Quarterly |
Retail Sales | Dec 2017 | 123.7 | 128.9 | Index 2010=100, SA | Monthly |
Consumer Confidence | Nov 2017 | 112.3 | 109.2 | Index, NSA | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Real Change in Inventories | 2022 Q2 | 2,946 | 2,033 | Bil. Ch. 2015 KRW, SA | Quarterly |
Industrial Production | Jun 2022 | 118.8 | 119.8 | Index 2015=100, NSA | Monthly |
Business Confidence | Jun 2022 | 99.94 | 100.01 | Index long term avg=100, SA | Monthly |
Change in Inventories | 2022 Q1 | 135.1 | 6,130 | Bil. KRW, SA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Birth Rate | 2100 | 5.7 | 5.71 | # per Ths. pop., NSA | Annual |
Death Rate | 2100 | 17.13 | 17.25 | # per Ths. pop., NSA | Annual |
Population | 2050 | 47,731,321 | 48,162,628 | Person, NSA | Annual |
Births | 2021 | 260,500 | 272,337 | #, NSA | Annual |
Deaths | 2021 | 317,800 | 304,948 | #, NSA | Annual |
Net Migration | 2017 | 200,000 | # | Annual |