Solid Economic Fundamentals

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Solid Economic Fundamentals

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.

※ 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
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	0.837	2020	0.918	%
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	1,145,540	2020	1,271,807	person

Interest Rate, Securities

금리·증권 Institution,statistical information,last,reference,previous,frequency,chart
Statistical information	Institution	Last	Reference	Previus	Frequency
Key Interest Rate	Bank of Korea	0.5	2021.07	0.5	Year (%)
Corporate Bond Yield (3yr, AA-)	Bank of Korea	2.13	2020	2.02	Year (%)
Deposit Interest Rate	Bank of Korea	0.97	2021.07	0.94	Year (%)
Loan Interest Rate	Bank of Korea	2.78	2021.07	2.77	Year (%)
KOSPI	Bank of Korea	3,153.4	2021.09.15	3,148.83	1980.01.04=100
KOSDAQ Index	Bank of Korea	1,042.79	2021.09.15	1,037.74	1996.07.01=1000

Labor, Household

노동·가계 Institution,statistical information,last,reference,previous,frequency,chart
Statistical information	Institution	Last	Reference	Previus	Frequency
Average Monthly Wage of Workers	Statistics Korea	2,258.921	2020.08	2,186.14	USD
Total Working Hours	Statistics Korea	163.6	2020	152.4	hour
Household Debts	Statistics Korea	69,964.736	2020	67,860.611	USD
Unemployment Rate	Statistics Korea	2.6	2021.08	3.2	%
Employment Rate	Statistics Korea	61.2	2021.08	61.3	%
Economically Active Population	Statistics Korea	28,346.4	2021.08	28,568.3	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	2.6	2021.08	2.6	%

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
Online Shopping Mall Transaction Amount	Statistics Korea	14,160.779	2021.07	13,998.58	USD 1 mil.
Manufacturing Production Index (YoY)	Statistics Korea	7.6	2021.07	11.8	%
Retail Sales Index (YoY)	Statistics Korea	7.9	2021.07	1.6	%

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	1,172.2	2021.09.15	1,174.3	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
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	125.9	2021.07	121.9	2015=100

※ Source :