Solid Economic Fundamentals
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Sound & Robust Economy
Korea is the world’s 10th largest economy, with a value of approximately USD 1.6
trillion. Also, Korea’s economic fundamentals are solid, with its trade volume ranking 6th as of 2022,
and with the 9th largest foreign exchange reserves in the world as of February 2023. The country’s
stable economy continues to support business management and growth.
- GDP 10th (2022) - USD 1.66 T (2022)
- Trade Amount 6th (2022) - USD 1.41 T (2022)
- Export Amount (2022) - USD 683.6 B (2022)
- Foreign Exchange Reserves (Feb. 2023) - USD 426.1 B (Mar. 2023)
※ Source: International Monetary Fund (IMF), Korea International Trade
Association (KITA), Bank of Korea (BOK), Korea Exchange, Brand Finance, Korean Statistical Information
Service (KOSIS)
Major Economic Indicators
| Indicator | Latest Data | Unit | Base year | Chart |
|---|---|---|---|---|
| GDP (nominal, denominated in dollars) | 17,131.2 | 100 millions, USD | 2023 |  |
| Real GDP Growth Rate | 1.4 | % | 2023 | |
| Population Projection | 51,751,065 | persons | 2024 | |
| Registered Foreigner | 1,189,585 | persons | 2022 | |
| Base Rate | 3.5 | % | 2024.06 | |
| Unemployment | 2.9 | % | 2024.06 | |
| Employment | 63.5 | % | 2024.06 | |
| Active Population | 29,764 | thousands , persons | 2024.06 | |
| Labor Force Participation Rate | 65.3 | % | 2024.06 | |
| Current Account Balance | 8,922.5 | millions, USD | 2024.05 | |
| Foreign Exchange Reserves | 412,210,543 | 10 millions, USD | 2024.06 | |
| Exports | 57,064,092 | 10 millions, USD | 2024.06 | |
Daily Indicators
| KRW/USD(Closing Rate) | KRW/JPY(100Yen) | KRW/EURO | KRW/CNY(Closing Rate) | KOSPI | KOSDAQ |
|---|---|---|---|---|---|
| 1,385.4 (24.07.26) |
901.92 (24.07.26) |
1,502.95 (24.07.26) |
190.85 (24.07.26) |
2,731.9 (24.07.26) |
797.56 (24.07.26) |
Please click the link below for more statistical data.
