The APAC economy was resilient through the April-May lockdowns in China. Rising interest rates add friction to the pace of growth. Improving domestic demand supports Southeast Asia, Australia and New Zealand. The pace of monetary policy tightening creates the greatest near-term uncertainty. The economy of the Asia-Pacific region continues to show resilience in the face of inflation caused by sanctions on Russia and goods and commodities shortages...
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GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Private Consumption | 2022 Q1 | 223,795 | 224,936 | Bil. Ch. 2015 KRW, SA | Quarterly |
Private Consumption | 2022 Q1 | 247,665 | 246,456 | Bil. KRW, SA | Quarterly |
Real Government Consumption | 2022 Q1 | 86,723 | 86,720 | Bil. Ch. 2015 KRW, SA | Quarterly |
Investment | 2022 Q1 | 164,748 | 174,213 | Bil. KRW, SA | Quarterly |
Real Investment | 2022 Q1 | 139,961 | 143,845 | Bil. Ch. 2015 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 |
Real Fixed Investment (gross fixed capital formation) | 2022 Q1 | 139,446 | 143,236 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Gross Domestic Product | 2022 Q1 | 488,321 | 485,245 | Bil. Ch. 2015 KRW, SA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2022 Q1 | 164,613 | 168,083 | Bil. KRW, SA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | May 2022 | 107.56 | 106.85 | Index 2020=100, NSA | Monthly |
Producer Price Index (PPI) | Apr 2022 | 118.02 | 116.7 | Index 2015=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Labor Force Employment | May 2022 | 28,222 | 28,082 | Ths. #, SA | Monthly |
Labor Force | May 2022 | 29,034 | 28,863 | Ths. #, SA | Monthly |
Unemployment | May 2022 | 811 | 782 | Ths. #, SA | Monthly |
Unemployment Rate | May 2022 | 2.8 | 2.7 | %, 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 |
Imports of Goods | May 2022 | 63,222,000 | 60,342,000 | Ths. US$ NSA | Monthly |
Balance of Goods | May 2022 | -1,705,000 | -2,508,000 | Ths. US$, NSA | Monthly |
Exports of Goods | May 2022 | 61,517,000 | 57,833,000 | Ths. US$ NSA | Monthly |
Current Account Balance | Apr 2022 | -79.3 | 7,057 | Mil. USD, NSA | Monthly |
Exports of Goods and Services | 2022 Q1 | 256,644 | 238,119 | Bil. KRW, SA | Quarterly |
Real Net Exports | 2022 Q1 | 38,979 | 30,020 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Exports of Goods and Services | 2022 Q1 | 225,948 | 218,126 | Bil. Ch. 2015 KRW, SA | Quarterly |
Imports of Goods and Services | 2022 Q1 | 234,265 | 226,394 | Bil. KRW, SA | Quarterly |
Net Exports | 2022 Q1 | 22,379 | 11,725 | Bil KRW, SA | Quarterly |
Real Imports of Goods and Services | 2022 Q1 | 186,968 | 188,106 | Bil. Ch. 2015 KRW, SA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Budget Balance | Mar 2022 | -33,145 | -15,069 | Bil. KRW YTD, NSA | Monthly |
Government Expenditures | Mar 2022 | 196,285 | 116,835 | Bil. KRW, NSA | Monthly |
Government Revenues | Mar 2022 | 163,140 | 101,765 | Bil. KRW YTD, NSA | Monthly |
Outstanding Public Debt | 2022 Q1 | 654,097 | 632,393 | Mil. USD, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Stock Market Index | 24 Jun 2022 | 2,366 | 2,314 | Index, NSA | Daily |
Lending Rate | 24 Jun 2022 | 1.75 | 1.75 | %, NSA | Daily |
Treasury Bills (over 31 days) | May 2022 | 2.05 | 2 | % p.a., NSA | Monthly |
Average Long-term Government Bond | May 2022 | 3.3 | 3.22 | % p.a., NSA | Monthly |
Money Market Rate | May 2022 | 1.5 | 1.3 | % p.a., NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Vacancy | Mar 2022 | 27,974 | 25,254 | #, 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 Q1 | 45,134 | 45,107 | 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 |
Business Confidence | May 2022 | 100.07 | 100.03 | Index long term avg=100, SA | Monthly |
Industrial Production | Apr 2022 | 117.8 | 123.3 | Index 2015=100, NSA | Monthly |
Change in Inventories | 2022 Q1 | 135.1 | 6,130 | Bil. KRW, SA | Quarterly |
Real Change in Inventories | 2022 Q1 | 2,033 | 1,803 | Bil. Ch. 2015 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 |