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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.
Please refer to the information below Please refer to the information below
  • 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

Population, Health & Welfare
인구·보건·복지 Institution,statistical information,last,reference,previous,frequency,chart
Statistics Current Year Unit Graph/Chart/ Table
Projected Population 51,500,029 2024 ppl view chart
Ratio of Aged Population (65 or older) 19.2 2024 % view chart
Total Fertility Rate 1.556 2022 % view chart
Number of Medical Institutions 100,827 2023.01 Agency view chart
In-patient Care Beds per 1,000 People 14.1 2022 unit view chart
Number of Registered Foreigners 1,093,891 2021 ppl view chart
Interest Rate & Securities
금리·증권 Institution,statistical information,last,reference,previous,frequency,chart
Statistics Current Year Unit Graph/Chart/ Table
Key Interest Rate 3.5 2024.01 Year (%) view chart
Corporate Bond Yield (3yr, AA-) 4.16 2022 Year (%) view chart
Deposit Interest Rate 3.68 2023.07 Year (%) view chart
Loan Interest Rate 5.11 2023.07 Year (%) view chart
KOSPI 2,664.27 2024.02.22 1980.01.04=100 view chart
KOSDAQ Index 870.11 2024.02.22 1996.07.01=1000 view chart
Labor & Household
노동·가계 Institution,statistical information,last,reference,previous,frequency,chart
Statistics Current Year Unit Graph/Chart/ Table
Average Monthly Wage of Workers 0 2070 USD view chart
Total Working Hours 159.3 2023.06 hour view chart
Household Debts 71,049.203 2022 USD view chart
Labor Force Participation Rate 63.3 2024.01 % view chart
Unemployment Rate 3.7 2024.01 % view chart
Employment Rate 61 2024.01 % view chart
Economically Active Population 28,815 2024.01 thousands, ppl. view chart
Economy, Corporate, Wage & Price
경기·기업·임금·물가 Institution,statistical information,last,reference,previous,frequency,chart
Statistics Current Year Unit Graph/Chart/ Table
Consumer Price Index 3.4 2023.08 % view chart
Transportation & Science
건설·교통·과학 Institution,statistical information,last,reference,previous,frequency,chart
Statistics Current Year Unit Graph/Chart/ Table
Internet Usage Rate 93 2022 % view chart
Number of Vehicles Registered 1,923,429 2023 car view chart
Manufacturing & Service
농림·제조·서비스 Institution,statistical information,last,reference,previous,frequency,chart
Statistics Current Year Unit Graph/Chart/ Table
Online Shopping Mall Transaction Amount 15,611.734 2023.12 millions, USD view chart
Manufacturing Production Index (YoY) -8 2022.12 % view chart
Retail Sales Index (YoY) -2.5 2022.12 % view chart
Exchange Rate
국민계정·재정·무역 Institution,statistical information,last,reference,previous,frequency,chart
Statistics Current Year Unit Graph/Chart/ Table
Amount of Export 54,700,279 2024.01 10 millions, USD view chart
GDP (nominal, denominated in dollars) 0 2023 Hund.M U$ view chart
Real GDP Growth Rate 1.4 2023 % view chart
KRW to USD Exchange Rate (as of transaction date) 1,335 2024.02.22 KRW view chart
Environment & Energy
환경·에너지 Institution,statistical information,last,reference,previous,frequency,chart
Statistics Current Year Unit Graph/Chart/ Table
Total GHG Emissions 656.223 2020 백만t CO₂eq. view chart
International Balance of Payments & Foreign Transactions
국제수지·대외거래 Institution,statistical information,last,reference,previous,frequency,chart
Statistics Current Year Unit Graph/Chart/ Table
Current Account 7,414.6 2023.12 millions, USD view chart
Industrial Activities, Consumption & Investment
산업활동·소비·투자 Institution,statistical information,last,reference,previous,frequency,chart
Statistics Current Year Unit Graph/Chart/ Table
Index of All Industries Production (excl. agriculture, forestry and fishery) 110.1 2022 2020=100 view chart
Service Production Index 112 2022 2020=100 view chart
Wholesale and Retail Industry Index 107.1 2022 2020=100 view chart
Equipment Investment Index 111.1 2023.07 2015=100 view chart
* Source: Bank of Korea (BOK), Korean Statistical Information Service (KOSIS)