View the Moody's Analytics Global Forecast. The global economy will slow in 2023, but recession odds have receded slightly. China’s reopening, a mild European winter, and a resilient U.S. labour market are reasons for optimism. The assumption that the global wave of monetary policy tightening being near its end is predicated on inflation continuing to cool over 2023; risks of reaccelerating inflation are nontrivial. The global economy will...
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GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Private Consumption | 2022 Q4 | 233,084 | 234,108 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Gross Domestic Product | 2022 Q4 | 491,674 | 493,519 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Government Consumption | 2022 Q4 | 90,145 | 87,387 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2022 Q4 | 144,943 | 143,964 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Investment | 2022 Q4 | 146,684 | 146,842 | Bil. Ch. 2015 KRW, SA | Quarterly |
Private Consumption | 2022 Q3 | 266,471 | 259,191 | Bil. KRW, SA | Quarterly |
Nominal Gross Domestic Product | 2022 Q3 | 538,803 | 540,784 | Bil. KRW, SA | Quarterly |
Government Consumption | 2022 Q3 | 100,284 | 99,657 | Bil. KRW, SA | Quarterly |
Investment | 2022 Q3 | 188,268 | 176,204 | Bil. KRW, SA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2022 Q3 | 176,353 | 168,555 | Bil. KRW, SA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Jan 2023 | 110.11 | 109.28 | Index 2020=100, NSA | Monthly |
Producer Price Index (PPI) | Dec 2022 | 119.96 | 120.29 | Index 2015=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Unemployment Rate | Dec 2022 | 3.3 | 2.9 | %, SA | Monthly |
Labor Force | Dec 2022 | 29,039 | 28,971 | Ths. #, SA | Monthly |
Labor Force Employment | Dec 2022 | 28,091 | 28,139 | Ths. #, SA | Monthly |
Unemployment | Dec 2022 | 948 | 832 | Ths. #, 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 | Jan 2023 | 58,955,000 | 59,623,000 | Ths. USD, NSA | Monthly |
Balance of Goods | Jan 2023 | -12,689,000 | -4,691,000 | Ths. USD, NSA | Monthly |
Exports of Goods | Jan 2023 | 46,266,000 | 54,932,000 | Ths. USD, NSA | Monthly |
Current Account Balance | Dec 2022 | 2,677 | -222.8 | Mil. USD, NSA | Monthly |
Real Exports of Goods and Services | 2022 Q4 | 208,547 | 221,371 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Net Exports | 2022 Q4 | 21,450 | 25,301 | Bil. Ch. 2015 KRW, SA | Quarterly |
Real Imports of Goods and Services | 2022 Q4 | 187,096 | 196,069 | Bil. Ch. 2015 KRW, SA | Quarterly |
Exports of Goods and Services | 2022 Q3 | 270,743 | 267,002 | Bil. KRW, SA | Quarterly |
Net Exports | 2022 Q3 | -16,700 | 5,990 | Bil KRW, SA | Quarterly |
Imports of Goods and Services | 2022 Q3 | 287,443 | 261,011 | Bil. KRW, SA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Revenues | Nov 2022 | 544,975 | 513,411 | Bil. KRW YTD, NSA | Monthly |
Government Expenditures | Nov 2022 | 595,823 | 556,470 | Bil. KRW, NSA | Monthly |
Government Budget Balance | Nov 2022 | -50,848 | -43,058 | Bil. KRW YTD, NSA | Monthly |
Outstanding Public Debt | 2022 Q3 | 638,980 | 662,038 | Mil. USD, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Lending Rate | 08 Feb 2023 | 3.5 | 3.5 | %, NSA | Daily |
Stock Market Index | 07 Feb 2023 | 2,451 | 2,438 | Index, NSA | Daily |
Money Market Rate | Jan 2023 | 3.3 | 3.33 | % p.a., NSA | Monthly |
Treasury Bills (over 31 days) | Jan 2023 | 3.58 | 3.7 | % p.a., NSA | Monthly |
Average Long-term Government Bond | Jan 2023 | 3.41 | 3.54 | % p.a., NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Vacancy | Nov 2022 | 58,027 | 47,217 | #, 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 | Jan 2023 | 90.7 | 90.2 | Index, NSA | Monthly |
Real Retail Sales | 2022 Q4 | 47,263 | 47,233 | 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 | Jan 2023 | 69 | 74 | Diffusion Index, NSA | Monthly |
Real Change in Inventories | 2022 Q4 | 3,303 | 4,416 | Bil. Ch. 2015 KRW, SA | Quarterly |
Industrial Production | Dec 2022 | 117.4 | 115.3 | Index 2015=100, NSA | Monthly |
Change in Inventories | 2022 Q3 | 11,915 | 7,649 | 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 |