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GDP Annual Growth

Q2.2020: -2.9%

Latest Quarterly Results

Data by Bank of Korea, Chart by KBLA

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GDP Annual Growth Rate

GDP Annual Growth rate is the rate of growth Year-on-Year, or the rate of change between Korea's GDP in a particular quarter versus the GDP of that same quarter of the previous year.

GDP Annual Growth is updated quarterly. It is often later revised to reflect better data.

Next Data Release Date:
October 26, 2020

GDP Growth

Q2.2020: -3.3%

Latest Quarterly Results

Data by Bank of Korea, Chart by KBLA

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GDP Growth Rate

GDP Quarter-to-Quarter Growth is often simply referred to as GDP Growth. It is the rate of growth Quarter-on-Quarter, or the rate of change between Korea's GDP in a particular quarter versus the GDP of the prior quarter of the same year.

GDP Growth is updated quarterly. It is often later revised to reflect better data.

Next Data Release Date:
October 26, 2020

Unemployment Rates

Jun-20: 4.3%

Latest Monthly Results

Data by Statistics Korea, Chart by KBLA

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Unemployment

The unemployment rate is released monthly by Statistics Korea as part of its Economically Active Population Survey. It is generally released in the early to mid-part of the month.

Employment and unemployment numbers are not seasonally adjusted.

Next Data Release Date:
August 12, 2020

Inflation (MoM)

Jul-20: 0.0%

Latest Monthly Results

Data by Statistics Korea, Chart by KBLA

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Inflation (MoM)

Inflation (Month-on-Month) is the change in the consumer price index this month from the month prior.

The Korean Consumer Price Index is comprised of 460 representative items across a variety of sectors, from F&B to housing to education.

Next Data Release Date:
September 1, 2020

Inflation (YoY)

Jul-20: 0.3%

Latest Monthly Results

Data by Statistics Korea, Chart by KBLA

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Inflation (YoY)

Inflation (Year-on-Year) is the change in the consumer price index this month from the same month, one year prior. As consumer demand fluctuates throughout a year, comparing like time periods across years provides an accurate representation of price levels/changes.

The Korean Consumer Price Index is comprised of 460 representative items across a variety of sectors, from F&B to housing to education.

Next Data Release Date:
September 01, 2020

Balance of Trade

Jul-20: 4,270.0 million USD

Latest Monthly Results

Data by MOTIE, Chart by KBLA

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Balance of Trade

The Balance of Trade is the net US dollar value of goods exports minus goods imports.

During the MOON Administration's tenure, Korea's trade surplus peaked at US$13.4 billion in September of 2017, and has been trending lower since then as a reflection of generally weak global economic conditions and the US-China trade conflict.

Next Data Release Date:
July 12, 2020

Current Account Balance

Jun-20: 6,880.0 million USD

Latest Monthly Results

Data by Bank of Korea, Chart by KBLA

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Current Account Balance

The Current Account is a broader measure of a nation's economic performance. It includes trade in goods and services, income, and transfers.

Next Data Release Date:
September 03, 2020

Business Confidence

Jul-20: 57.0

Latest Monthly Results

Data by Bank of Korea, Chart by KBLA

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Business Survey Index

Korea's Business Survey Index (BSI) is a survey on business conditions for the current month and their outlook for the month following.

A total of 15 items, including business conditions, sales and profitability, are surveyed at 3,696 corporations.

Next Data Release Date:
August 25, 2020

Consumer Confidence

Jul-20: 84.2

Latest Monthly Results

Data by Bank of Korea, Chart by KBLA

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Composite Consumer Sentiment Index

The Composite Consumer Sentiment Index is a consumer survey index covering areas like current and prospective living standards, prospective household income and spending, and current and domestic economic conditions.

The Consumer Survey also includes job prospects, interest rates, savings, and debt. Anything over 100 reflects perceptions that future economic conditions will be better than past index conditions.

Next Data Release Date:
August 24, 2020

Retail Sales Growth

Jun-20: 3.4%

Latest Monthly Results

Data by Statistics Korea, Chart by KBLA

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Retail Sales Growth (MoM)

Retail Sales Growth (Month-on-Month) is the the change in sales, by retail distribution channel from the preceding month. This data covers both online and offline sales channels.

Offline channels include: large marts and shopping centers, department stores, convenience stores, and mid-scale markets.

Next Data Release Date:
August 30, 2020

Industrial Production (MoM)

20-Jul: 0.0%

Latest Monthly Results

Data by Statistics Korea, Chart by KBLA

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Industrial Production (MoM)

Month-to-month change in Industrial Production

Next Data Release Date:
September 01, 2020

Industrial Production (YoY)

Jun-20: -0.5%

Latest Monthly Results

Data by Statistics Korea, Chart by KBLA

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Industrial Production (YoY)

Change in Industrial Production from the same month of the prior year.

Next Data Release Date:
August 30, 2020

Manufacturing Production

Jun-20: -0.4%

Latest Monthly Results

Data by Statistics Korea, Chart by KBLA

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Manfacturing Production

Change in Manufacturing Production from the same month of the prior year.

Next Data Release Date:
August 30, 2020