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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 1.8 trillion. Also, Korea’s economic fundamentals are solid, with its trade volume ranking 8th as of 2021, and with the 9th largest foreign exchange reserves in the world as of June 2022.
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.
Please refer to the information below Please refer to the information below
  • GDP USD 1.8 T (2021) 10th
  • Trade Volume USD 1259.5 B (2021) 8th
  • Trade Balance USD 29.3 B (2021) 18th
  • Sovereign Credit Rating (2022) AA, Stable
  • Foreign Exchange Reserves USD 438.6 B (2022.7) 9th
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* 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 51,558,034 2023 person view chart
Ratio of Aged Population (65 or older) 18.4 2023 % view chart
Total Fertility Rate 0.78 2022 % view chart
Number of Medical Institutions 100,396 2022.04 agency view chart
In-patient Care Beds per 1,000 People 14 2021 bed view chart
Number of Registered Foreigners 1,093,891 2021 person 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 2023.05 Year (%) view chart
Corporate Bond Yield (3yr, AA-) 4.16 2022 Year (%) view chart
Deposit Interest Rate 3.43 2023.04 Year (%) view chart
Loan Interest Rate 5.01 2023.04 Year (%) view chart
KOSPI 2,641.16 2023.06.09 1980.01.04=100 view chart
KOSDAQ Index 883.71 2023.06.09 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 2,184.4 2022.08 USD view chart
Total Working Hours 166.1 2023.03 hour view chart
Household Debts 71,049.203 2022 USD view chart
Unemployment Rate 2.8 2023.04 % view chart
Employment Rate 62.7 2023.04 % view chart
Economically Active Population 29,236.4 2023.04 1,000 persons 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 3.3 2023.05 % 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 2021 % view chart
Number of Vehicles Registered 1,902,880 2022 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 13,552.607 2023.04 USD 1 mil. 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
KRW to USD Exchange Rate (as of transaction date) 1,300.5 2023.06.08 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 29,830.9 2022 USD 1 mil. 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 119.6 2023.04 2015=100 view chart
* Source: Bank of Korea (BOK), Korean Statistical Information Service (KOSIS)