China and Japan will struggle through the first half of 2024, while India will continue as Asia’s fastest-growing economy. Monetary policy normalisation should begin mid-2024 as inflation tracks lower towards central bank target ranges; central banks in China and Japan will keep bucking this trend. Merchandise exports should mend in the second half as global growth turns a corner. We quantified the impact of stickier-than-expected inflation...
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GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2023 Q4 | 277,985 | 274,779 | Bil. KRW, SA | Quarterly |
Real Private Consumption | 2023 Q4 | 234,160 | 233,734 | Bil. Ch. 2015 KRW, SA | Quarterly |
Nominal Gross Domestic Product | 2023 Q4 | 572,925 | 563,912 | Bil. KRW, SA | Quarterly |
Real Government Consumption | 2023 Q4 | 88,778 | 88,352 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Investment | 2023 Q4 | 143,347 | 145,977 | Bil. Ch. 2015 KRW, SA | Quarterly |
Government Consumption | 2023 Q4 | 105,891 | 105,722 | Bil. KRW, SA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2023 Q4 | 179,432 | 182,335 | Bil. KRW, SA | Quarterly |
Real Gross Domestic Product | 2023 Q4 | 503,403 | 500,277 | Bil. Ch. 2015 KRW, SA | Quarterly |
Investment | 2023 Q4 | 178,459 | 177,255 | Bil. KRW, SA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2023 Q4 | 143,691 | 145,750 | Bil. Ch. 2015 KRW, SA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Feb 2024 | 113.77 | 113.15 | Index 2020=100, NSA | Monthly |
Producer Price Index (PPI) | Jan 2024 | 121.8 | 121.19 | Index 2015=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Unemployment Rate | Feb 2024 | 2.6 | 3 | %, SA | Monthly |
Labor Force Employment | Feb 2024 | 28,690 | 28,576 | Ths. #, SA | Monthly |
Labor Force | Feb 2024 | 29,463 | 29,466 | Ths. #, SA | Monthly |
Unemployment | Feb 2024 | 773.5 | 889.4 | Ths. #, SA | Monthly |
Wage & Salaries | 2022 | 1,028,540 | 982,035 | 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 | Feb 2024 | 48,100,000 | 54,400,000 | Ths. USD, NSA | Monthly |
Exports of Goods | Feb 2024 | 52,400,000 | 54,700,000 | Ths. USD, NSA | Monthly |
Balance of Goods | Feb 2024 | 4,300,000 | 300,000 | Ths. USD, NSA | Monthly |
Current Account Balance | Jan 2024 | 3,045 | 7,414 | Mil. USD, NSA | Monthly |
Imports of Goods and Services | 2023 Q4 | 247,005 | 237,104 | Bil. KRW, SA | Quarterly |
Real Exports of Goods and Services | 2023 Q4 | 235,662 | 227,733 | Bil. Ch. 2015 KRW, SA | Quarterly |
Net Exports | 2023 Q4 | 11,421 | 6,396 | Bil KRW, SA | Quarterly |
Exports of Goods and Services | 2023 Q4 | 258,426 | 243,500 | Bil. KRW, SA | Quarterly |
Real Net Exports | 2023 Q4 | 38,538 | 33,317 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Imports of Goods and Services | 2023 Q4 | 197,123 | 194,415 | Bil. Ch. 2015 KRW, SA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Outstanding Public Debt | 2023 Q4 | 663,631 | 649,322 | Mil. USD, NSA | Quarterly |
Government Expenditures | Nov 2023 | 520,917 | 478,607 | Bil. KRW, NSA | Monthly |
Government Revenues | Nov 2023 | 501,462 | 468,163 | Bil. KRW YTD, NSA | Monthly |
Government Budget Balance | Nov 2023 | -19,455 | -10,444 | Bil. KRW YTD, NSA | Monthly |
Markets | Reference | Last | Previous | Units | Frequency |
Lending Rate | 19 Mar 2024 | 3.5 | 3.5 | %, NSA | Daily |
Stock Market Index | 15 Mar 2024 | 2,666 | 2,718 | Index, NSA | Daily |
Average Long-term Government Bond | Feb 2024 | 3.43 | 3.35 | % p.a., NSA | Monthly |
Money Market Rate | Feb 2024 | 3.58 | 3.47 | % p.a., NSA | Monthly |
Treasury Bills (over 31 days) | Feb 2024 | 3.43 | 3.38 | % p.a., NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Vacancy | Dec 2023 | 62,489 | 57,925 | #, 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 |
Consumer Confidence | Feb 2024 | 101.9 | 101.6 | Index, NSA | Monthly |
Real Retail Sales | 2023 Q4 | 44,864 | 44,123 | Bil. Ch. 2015 KRW, SA | Quarterly |
Retail Sales | Dec 2017 | 123.7 | 128.9 | Index 2010=100, SA | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Business Confidence | Feb 2024 | 68 | 69 | Diffusion Index, NSA | Monthly |
Industrial Production | Jan 2024 | 109.4 | 115.9 | Index 2020=100, NSA | Monthly |
Change in Inventories | 2023 Q4 | -973 | -5,080 | Bil. KRW, SA | Quarterly |
Real Change in Inventories | 2023 Q4 | 2,690 | 3,270 | Bil. Ch. 2015 KRW, SA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Death Rate | 2100 | 17.13 | 17.25 | # per Ths. pop., NSA | Annual |
Birth Rate | 2100 | 5.7 | 5.71 | # per Ths. pop., NSA | Annual |
Population | 2050 | 47,731,321 | 48,162,628 | Person, NSA | Annual |
Births | 2022 | 249,000 | 260,562 | #, NSA | Annual |
Deaths | 2022 | 372,800 | 317,680 | #, NSA | Annual |
Net Migration | 2017 | 200,000 | # | Annual |