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Solid Economic Fundamentals

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The Sound Economy of Korea

Korea has the 12th largest economy in the world, with a value of USD 1.6 trillion. Korea’s economic fundamentals are solid, with its trade volume having reached USD 1 trillion for three consecutive years, ranking 8th in the world, and with the 9th largest foreign exchange reserves in the world.
The country’s economy is stable and capable of supporting continuous business operation and growth. Despite the effects of the COVID-19 pandemic, the 2020 growth outlook of Korea was among the highest of OECD member countries.
Please refer to the information below Please refer to the information below
  • Trade Volume USD 1.68 T (2019) 8위
  • Trade Balance USD 37.7 B (2019) 5위
  • GDP USD 1.63 T (2019) 12위
  • Number of Listed Companies 2,204 (2019) 8위
  • Foreign Exchange Reserves
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※ Source: International Monetary Fund (IMF), Korea International Trade Association (KITA), Bank of Korea (BOK), Korea Exchange, Brand Finance

Search Major Economic Data

Population, Healthcare, Welfare
인구·보건·복지 Institution,statistical information,last,reference,previous,frequency,chart
Statistical information Institution Last Reference Previus Frequency Chart
Projected Population Statistics Korea 51,821,669 2021 51,780,579 person
Ratio of Aged Population (65 or older) Statistics Korea 16.5 2021 15.7 %
Total Fertility Rate Statistics Korea 0.918 2019 0.977 %
Number of Medical Institutions Statistics Korea 93,184 2018 91,545 Agency
In-patient Care Beds per 1,000 People Statistics Korea 13.6 2019 13.6 unit
Number of Registered Foreigners Statistics Korea 1,271,807 2019 1,246,626 person
Interest Rate, Securities
금리·증권 Institution,statistical information,last,reference,previous,frequency,chart
Statistical information Institution Last Reference Previus Frequency Chart
Key Interest Rate Bank of Korea 0.5 2021.01 0.5 Year (%)
Corporate Bond Yield (3yr, AA-) Bank of Korea 2.13 2020 2.02 Year (%)
Deposit Interest Rate Bank of Korea 0.87 2021.01 0.9 Year (%)
Loan Interest Rate Bank of Korea 2.72 2021.01 2.74 Year (%)
KOSPI Bank of Korea 2,996.11 2021.03.08 3,026.26 1980.01.04=100
KOSDAQ Index Bank of Korea 904.77 2021.03.08 923.48 1996.07.01=1000
Labor, Household
노동·가계 Institution,statistical information,last,reference,previous,frequency,chart
Statistical information Institution Last Reference Previus Frequency Chart
Average Monthly Wage of Workers Statistics Korea 2,258.921 2020.08 2,186.14 USD
Total Working Hours Statistics Korea 152.4 2019 156.4 hour
Household Debts Statistics Korea 69,964.736 2020 67,860.611 USD
Unemployment Rate Statistics Korea 5.7 2021.01 4.1 %
Employment Rate Statistics Korea 57.4 2021.01 59.1 %
Economically Active Population Statistics Korea 27,388 2021.01 27,660.9 1,000 persons
Economy, Corporate, Wage, Price
경기·기업·임금·물가 Institution,statistical information,last,reference,previous,frequency,chart
Statistical information Institution Last Reference Previus Frequency Chart
Consumer Price Index Statistics Korea 1.1 2021.02 0.6 %
Construction, Transportation, Science
건설·교통·과학 Institution,statistical information,last,reference,previous,frequency,chart
Statistical information Institution Last Reference Previus Frequency Chart
Internet Usage Rate Statistics Korea 91.762 2019 91.538 %
Number of Vehicles Registered Statistics Korea 24,365,979 2020 23,677,366 car
Manufacturing, Service
농림·제조·서비스 Institution,statistical information,last,reference,previous,frequency,chart
Statistical information Institution Last Reference Previus Frequency Chart
Online Shopping Mall Transaction Amount Statistics Korea 13,724.295 2021.01 14,509.604 USD 1 mil.
Manufacturing Production Index (YoY) Statistics Korea 7.4 2021.01 2.4 %
Retail Sales Index (YoY) Statistics Korea 0 2021.01 -2.1 %
National Accounts, Finance, Trade
국민계정·재정·무역 Institution,statistical information,last,reference,previous,frequency,chart
Statistical information Institution Last Reference Previus Frequency Chart
KRW to USD Exchange Rate (as of transaction date) Bank of Korea 1,129.4 2021.03.08 1,126.2 KRW
Environment, Energy
환경·에너지 Institution,statistical information,last,reference,previous,frequency,chart
Statistical information Institution Last Reference Previus Frequency Chart
Total GHG Emissions Statistics Korea 727.633 2018 709.75 1 mil. tCO₂eq.
International Balance of Payments, Foreign Transactions
국제수지·대외거래 Institution,statistical information,last,reference,previous,frequency,chart
Statistical information Institution Last Reference Previus Frequency Chart
Current Account Bank of Korea 75,275.7 2020 59,676.1 USD 1 mil.
Industrial Activities, Consumption, Investment
산업활동·소비·투자 Institution,statistical information,last,reference,previous,frequency,chart
Statistical information Institution Last Reference Previus Frequency Chart
Index of All Industry Production (excluding agriculture, forestry and fishery) Bank of Korea 107.3 2020 108.6 2015=100
Service Production Index Bank of Korea 106.2 2020 108.4 2015=100
Wholesale and Retail Industry Index Bank of Korea 101.9 2020 104.6 2015=100
Equipment Investment Index Bank of Korea 124.7 2021.01 117.4 2015=100