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Economy of South Korea. Statistics, Data and Indicators

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South Korea
84AA Credit rank #26
155.38 Quality of life #27
32 Corruption rank#42
5 Ease of doing business#5
South Korea


South Korea Major Economic Indicators

Indicator Data Period
GDP Value 1631 USD Billion 2020
GDP Annual Growth Rate 3 % 1Q/22
GDP Growth Rate 0.6 % 1Q/22
GDP per capita 31265 USD 2020
Inflation Rate YoY 5.4 % May/22
Interest Rate 1.75 % May/22
Unemployment Rate 2.8 % May/22
Wages 4505228 KRW/Month | 3468.263 USD/Month 1Q/22
Balance of Trade -2470 USD Million | -2.47 B USD Jun/22
Current Account -80 USD Million | -0.08 B USD Apr/22
Foreign Exchange Reserves 447711 USD Million | 447.711 B USD May/22


GDP Indicators

Indicator Data Period
GDP Value 1631 USD Billion 2020
GDP Annual Growth Rate 3 % 1Q/22
GDP Growth Rate 0.6 % 1Q/22
GDP per capita 31265 USD 2020
Gross National Product 455547 KRW Billion | 350.694 USD Billion 1Q/22
GDP Constant Prices 487105 KRW Billion | 374.988 B USD 1Q/22
GDP per capita PPP 42252 USD 2020
GDP From Agriculture  8724 KRW Billion | 6.716 B USD 1Q/22
GDP From Construction  21443 KRW Billion | 16.507 B USD 1Q/22
GDP From Manufacturing  134196 KRW Billion | 103.308 B USD 1Q/22
GDP From Mining  472 KRW Billion | 0.363 B USD 1Q/22
GDP From Public Administration  29684 KRW Billion | 22.852 B USD 4Q/21
GDP From Services  272796 KRW Billion | 210.007 B USD 1Q/22
GDP From Transport  14099 KRW Billion | 10.854 B USD 1Q/22
GDP From Utilities  12729 KRW Billion | 9.799 B USD 1Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 42.6 % 2020
Government Budget Value -21317 KRW Billion | -16.41 USD Billion Apr/22
Government Spending 86413 KRW Billion | 66.523 USD Billion 1Q/22
Government Revenues 236310 KRW Billion | 181.919 USD Billion Apr/22
Fiscal Expenditure  257627 KRW Billion | 198.329 B USD Apr/22
Government Budget to GDP -6.1 % 2020
Government Spending to GDP 31.15 % 2018
Military Expenditure 46056 USD Million | 46.056 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 108 index points May/22
Export Prices 131 index points May/22
Food Inflation 6.02 % May/22
Gasoline Prices 1.58 USD/Liter May/22
GDP Deflator 109 index points 1Q/22
Import Prices 154 index points May/22
Inflation Rate YoY 5.4 % May/22
Producer Prices 119 index points May/22
Inflation Rate Mom 0.7 % May/22
Core Consumer Prices 106 Index Points May/22
Core Inflation Rate 4.1 % May/22
CPI Housing Utilities 106 Index Points May/22
CPI Transportation 120 Index Points May/22
Inflation Expectations 3.3 % May/22
Producer Prices Change  9.7 % May/22


Trade Indicators

Indicator Data Period
Current Account to GDP 3.5 % 2020
Weapons Sales 827 USD Million 2020
Balance of Trade -2470 USD Million | -2.47 USD Billion Jun/22
Capital Flows 1689 USD Million | 1.689 USD Billion Apr/22
Current Account -80 USD Million | -0.08 USD Billion Apr/22
Exports 57730 USD Million | 57.73 USD Billion Jun/22
External Debt 654098 USD Million | 654.098 USD Billion 1Q/22
Foreign Exchange Reserves 447711 USD Million | 447.711 USD Billion May/22
Imports 63222 USD Million | 63.222 USD Billion May/22
Terms of Trade  85.8 Index Points Apr/22
Tourism Revenues  785900 USD Million | 785.9 B USD Feb/22
Tourist Arrivals 99999 Persons | 0.1 Million Persons Feb/22


Money Indicators

Indicator Data Period
Bank Lending Rate 3.57 % Apr/22
Gold Reserves 104 Tonnes 1Q/22
Interbank Rate 2.27 % Jul/22
Interest Rate 1.75 % May/22
Loans to Private Sector 11191639 KRW HML | 861.567 USD Billion May/22
Money Supply M0 162180992 KRW Million | 124.852 USD Billion Apr/22
Money Supply M1 1370039 KRW Billion | 1054.698 USD Billion Apr/22
Money Supply M2 3656058 KRW Billion | 2814.546 USD Billion Apr/22
Money Supply M3 4977732 KRW Billion | 3832.011 USD Billion Apr/22
Central Bank Balance Sheet 563776 KRW Billion | 434.012 B USD Apr/22
Deposit Interest Rate 1.94 % Mar/22
Foreign Direct Investment 5447000 USD Thousand | 5.447 B USD 1Q/22


Labor Indicators

Indicator Data Period
Minimum Wages 9160 KRW/Hour | 1128.264 USD/Month 2022
Retirement Age Men 62 2020
Retirement Age Women 62 2020
Unemployment Rate 2.8 % May/22
Wages 4505228 KRW/Month | 3468.263 USD/Month 1Q/22
Youth Unemployment Rate 7.3 % May/22
Employed Persons 28222 Thousand Person | 28.222 Million Person May/22
Employment Rate  61.4 % Mar/22
Labor Force Participation Rate 64.9 % May/22
Unemployed Persons 811 Thousand Persons | 0.811 Million Persons May/22
Wages in Manufacturing 5232994 KRW/Month | 4028.519 USD/Month 1Q/22


Taxes



Production Indicators

Indicator Data Period
Electricity Production 23450 GWh Feb/22
Industrial Production 7.3 % May/22
Mining Production -11.3 % Feb/22
Steel Production 5800 Thousand Tonnes May/22
Car Production 3506774 Units | 3506.774 Units 2020
Industrial Production (MoM) 0.1 % May/22


Business Indicators

Indicator Data Period
Bankruptcies 12 companies May/22
Business Confidence 83 index points Jun/22
Corruption Index 62 index points 2021
Corruption Rank 32 place 2021
Ease of Doing Business 5 place 2019
Manufacturing PMI 51.3 index points Jun/22
Manufacturing Production 7.8 % May/22
Competitiveness Index 79.62 Index Points 2019
Competitiveness Rank 13 2019
Leading Economic Index  128 Index Points Apr/22


Consumer Indicators

Indicator Data Period
Consumer Confidence 96.4 index points Jun/22
Private Debt To GDP 273 % 2020
Retail Sales MoM -0.1 % May/22
Retail Sales YoY 0.7 % May/22
Consumer Credit 1859423 KRW Billion | 1431.405 USD Billion 1Q/22
Consumer Spending 223209 KRW Billion | 171.829 USD Billion 1Q/22
Disposable Personal Income 2078537 KRW Billion | 1600.081 B USD 2021
Households Debt To GDP 107 % 3Q/21


Housing Market

Indicator Data Period
Construction Output 8.2 % May/22