Solid Economic Fundamentals

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Solid Economic Fundamentals

The Sound Economy of Korea

Korea has the world’s 10th largest economy, with a value of approximately USD 1.8 trillion. Also, Korea’s economic fundamentals are solid, with its trading volume ranking 8th as of 2021, and with the 9th largest foreign exchange reserves as of end-June 2022 in the world.

The country’s stable economy continues to support business management and growth. According to the International Monetary Fund (IMF), Korea’s economic growth rate is forecast at 2.3% in 2022.

※ Source: International Monetary Fund (IMF), Korea International Trade Association (KITA), Bank of Korea (BOK), Korea Exchange, Brand Finance, Korean Statistical Information Service (KOSIS)

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	51,628,117	2022	51,744,876	person
Ratio of Aged Population (65 or older)	Statistics Korea	17.5	2022	16.6	%
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	13.8	2020	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	1.5	2022.04	1.25	Year (%)
Corporate Bond Yield (3yr, AA-)	Bank of Korea	2.08	2021	2.13	Year (%)
Deposit Interest Rate	Bank of Korea	1.74	2022.03	1.7	Year (%)
Loan Interest Rate	Bank of Korea	3.5	2022.03	3.51	Year (%)
KOSPI	Bank of Korea	2,612.45	2022.05.26	2,617.22	1980.01.04=100
KOSDAQ Index	Bank of Korea	871.43	2022.05.26	872.69	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	2,356.206	2021.08	2,258.921	USD
Total Working Hours	Statistics Korea	164.2	2021	163.6	hour
Household Debts	Statistics Korea	76,906.852	2021	69,964.736	USD
Unemployment Rate	Statistics Korea	2.9	2022.07	3	%
Employment Rate	Statistics Korea	62.9	2022.07	62.9	%
Economically Active Population	Statistics Korea	29,311	2022.07	29,366.1	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	3.7	2021.11	3.2	%

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	1,828,419	2021	1,750,336	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		2022.06	13,634.419	USD 1 mil.
Manufacturing Production Index (YoY)	Statistics Korea	1.4	2022.06	7.8	%
Retail Sales Index (YoY)	Statistics Korea	-1.5	2022.06	0.7	%

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	1,263.3	2022.05.26	1,264.3	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	88,302.2	2021	75,902.2	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	112.7	2021	107.4	2015=100
Service Production Index	Bank of Korea	110.9	2021	106.2	2015=100
Wholesale and Retail Industry Index	Bank of Korea	106	2021	101.9	2015=100
Equipment Investment Index	Bank of Korea	117.1	2022.03	120.6	2015=100

※ Source :

KOTRA site

Invest Korea