Download the full Asia-Pacific Daily Briefing South Korea’s unemployment rate climbed to its highest in two decades in January, surging by 0.9 percentage point over the month to 5.4%. Unemployment rose by 417,000 from a year earlier as domestic economic activities continue to face setbacks from the social restrictions. Although the daily number of new infection cases fell in January, the South Korean government is cautious not to ease social...
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GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Fixed Investment (gross fixed capital formation) | 2020 Q4 | 139,111 | 135,567 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Private Consumption | 2020 Q4 | 209,654 | 213,222 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Gross Domestic Product | 2020 Q4 | 462,766 | 457,783 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Investment | 2020 Q4 | 138,181 | 135,781 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Government Consumption | 2020 Q4 | 79,988 | 80,323 | Bil. Ch. 2015 KRW, SA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2020 Q3 | 150,642 | 148,382 | Bil. KRW, SA | Quarterly |
Nominal Gross Domestic Product | 2020 Q3 | 485,657 | 472,222 | Bil. KRW, SA | Quarterly |
Government Consumption | 2020 Q3 | 87,357 | 87,560 | Bil. KRW, SA | Quarterly |
Private Consumption | 2020 Q3 | 225,534 | 224,233 | Bil. KRW, SA | Quarterly |
Investment | 2020 Q3 | 150,056 | 155,486 | Bil. KRW, SA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Producer Price Index (PPI) | Jan 2021 | 104.88 | 103.9 | Index 2015=100, NSA | Monthly |
Consumer Price Index (CPI) | Jan 2021 | 106.47 | 105.67 | Index 2015=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Labor Force | Jan 2021 | 28,004 | 28,040 | Ths. #, SA | Monthly |
Unemployment | Jan 2021 | 1,519 | 1,257 | Ths. #, SA | Monthly |
Labor Force Employment | Jan 2021 | 26,485 | 26,783 | Ths. #, SA | Monthly |
Unemployment Rate | Jan 2021 | 5.4 | 4.5 | %, SA | Monthly |
Wage & Salaries | 2019 | 896,988 | 866,864 | Bil. KRW | Annual |
Agriculture Employment | 2017 | 1,363,560 | 1,359,356 | # | Annual |
Real Wages & Salaries | 2017 | 766,202 | 734,010 | Bil. KRW | Annual |
Total Employment | 2017 | 21,626,904 | 21,259,243 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Balance of Goods | Feb 2021 | 2,707,000 | 3,764,000 | Ths. US$, NSA | Monthly |
Imports of Goods | Feb 2021 | 42,105,000 | 44,255,000 | Ths. US$ NSA | Monthly |
Exports of Goods | Feb 2021 | 44,812,000 | 48,019,000 | Ths. US$ NSA | Monthly |
Current Account Balance | Dec 2020 | 11,507 | 9,176 | Mil. USD, NSA | Monthly |
Real Imports of Goods and Services | 2020 Q4 | 170,872 | 167,431 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Net Exports | 2020 Q4 | 35,002 | 28,283 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Exports of Goods and Services | 2020 Q4 | 205,875 | 195,714 | Bil. Ch. 2015 KRW, SA | Quarterly |
Exports of Goods and Services | 2020 Q3 | 180,349 | 156,648 | Bil. KRW, SA | Quarterly |
Net Exports | 2020 Q3 | 22,952 | 4,800 | Bil KRW, SA | Quarterly |
Imports of Goods and Services | 2020 Q3 | 157,396 | 151,848 | Bil. KRW, SA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Outstanding Public Debt | 2020 Q4 | 542,448 | 510,961 | Mil. USD, NSA | Quarterly |
Government Budget Balance | Sep 2020 | -80,461 | -70,888 | Bil. KRW YTD, NSA | Monthly |
Government Revenues | Sep 2020 | 330,364 | 296,469 | Bil. KRW YTD, NSA | Monthly |
Government Expenditures | Sep 2020 | 410,825 | 367,357 | Bil. KRW, NSA | Monthly |
Markets | Reference | Last | Previous | Units | Frequency |
Lending Rate | 01 Mar 2021 | 0.5 | 0.5 | %, NSA | Daily |
Stock Market Index | 25 Feb 2021 | 3,099 | 2,994 | Index, NSA | Daily |
Treasury Bills (over 31 days) | Jan 2021 | 0.7 | 0.72 | % p.a., NSA | Monthly |
Average Long-term Government Bond | Jan 2021 | 1.73 | 1.68 | % p.a., NSA | Monthly |
Money Market Rate | Jan 2021 | 0.49 | 0.51 | % p.a., NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Vacancy | Dec 2020 | 26,703 | 23,620 | #, NSA | Monthly |
Building Permits | 2019 | 144,292,891 | 160,964 | Ths. m² | Annual |
Residential Building Permits | 2019 | 46,241,856 | 57,325 | Ths. m² | Annual |
Consumer | Reference | Last | Previous | Units | Frequency |
Real Retail Sales | 2020 Q4 | 40,800 | 40,915 | 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 | Jan 2021 | 99.16 | 98.95 | Index long term avg=100, SA | Monthly |
Real Change in Inventories | 2020 Q4 | 153 | 1,282 | Bil. Ch. 2015 KRW, SA | Quarterly |
Industrial Production | Dec 2020 | 118.7 | 111.7 | Index 2015=100, NSA | Monthly |
Change in Inventories | 2020 Q3 | -586 | 7,104 | Bil. KRW, SA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Birth Rate | 2050 | 7.03 | 6.97 | # per Ths. pop., NSA | Annual |
Death Rate | 2050 | 16.12 | 15.81 | # per Ths. pop., NSA | Annual |
Population | 2050 | 47,731,321 | 48,162,628 | Person, NSA | Annual |
Births | 2019 | 303,100 | 326,822 | #, NSA | Annual |
Deaths | 2019 | 295,100 | 298,820 | #, NSA | Annual |
Net Migration | 2017 | 200,000 | # | Annual |