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• Korea, Republic Of (Asia)

South Korea Unemployment Rate

The unemployment rate in South Korea was last reported at 3.4 percent in April of 2012. From 1999 until 2010, South Korea's Unemployment Rate averaged 3.75 percent reaching an historical high of 7.10 percent in June of 1999 and a record low of 3.00 percent in September of 2002. The labour force is defined as the number of people employed plus the number unemployed but seeking work. The nonlabour force includes those who are not looking for work, those who are institutionalised and those serving in the military. This page includes: South Korea Unemployment Rate chart, historical data and news.

source: Korea National Statistical Office

South Korea Current Account

South Korea reported a current account surplus equivalent to 3040 Million USD in March of 2012. South Korea relies largely upon exports to fuel the growth of its economy. The most important exports are finished products such electronics, semiconductors, LCD panel, mobile phone, computers related, television, motor vehicle, steel, ships and petrochemicals. South Korea imports machinery, oil, steel, transport equipment, organic chemicals and plastics. Its main trading partners are: China, European Union, The United States and Japan. This page includes: South Korea Current Account chart, historical data and news.

source: Bank of Korea

South Korea Balance of Trade

South Korea reported a trade surplus equivalent to 2.4 Billion USD in March of 2012. South Korea relies largely upon exports to fuel the growth of its economy. The most important exports are finished products such electronics, semiconductors, LCD panel, mobile phone, computers related, television, motor vehicle, steel, ships and petrochemicals. South Korea imports machinery, oil, steel, transport equipment, organic chemicals and plastics. Its main trading partners are: China, European Union, The United States and Japan. This page includes: South Korea Balance of Trade chart, historical data and news.

source: Ministry of Knowledge Economy

South Korea Exports

South Korea exports were worth 47.4 Billion USD in March of 2012. South Korea relies largely upon exports to fuel the growth of its economy. The most important exports are finished products such electronics, semiconductors, LCD panel, mobile phone, computers related, television, motor vehicle, steel, ships and petrochemicals. Main export partners are China, European Union, U.S. and Japan. This page includes: South Korea Exports chart, historical data and news.

source: Ministry of Knowledge Economy

South Korea Imports

South Korea imports were worth 44.9 Billion USD in March of 2012. South Korea imports mainly machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals and plastics. Its principal import partners are: China, Japan, United States, European Union and Saudi Arabia. This page includes: South Korea Imports chart, historical data and news.

source: Ministry of Knowledge Economy

South Korea Interest Rate

The benchmark interest rate in South Korea was last reported at 3.25 percent. In South Korea the interest rates decisions are taken by the Bank of Korea’s (BOK) Monetary Policy Committee. The official interest rate is the Bank of Korea Base Rate which was changed from overnight call rate on March 2008. From 2008 until 2010, South Korea's average interest rate was 2.99 percent reaching an historical high of 5.25 percent in August of 2008 and a record low of 2.00 percent in February of 2009. This page includes: South Korea Interest Rate chart, historical data and news.

source: Bank of Korea

South Korea Business Confidence

In South Korea, business confidence improved to 84 in April of 2012 from 81 in March of 2012. In South Korea, the business survey index (BSI) on business conditions in the manufacturing sector measures the level of optimism that business leaders of the main economic sectors, have about the performance of the economy. Business confidence surveys can provide useful signs about the current condition of the economy, because companies often have information about consumer demand sooner than government statisticians do. This page includes a chart with historical data for South Korea's Business Confidence.

source:

South Korea Inflation Rate

The inflation rate in South Korea was last reported at 2.5 percent in April of 2012. From 1966 until 2010, the average inflation rate in South Korea was 8.35 percent reaching an historical high of 32.51 percent in October of 1980 and a record low of 0.17 percent in February of 1999. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes: South Korea Inflation Rate chart, historical data and news.

source: Korea National Statistical Office

South Korea Retail Sales

Retail Sales in South Korea declined 2.7 percent in March of 2012 over the previous month. From 1995 until 2011, South Korea's average Retail Sales was 0.36 percent reaching an historical high of 5.70 percent in December of 1995 and a record low of -13.30 percent in January of 1998. This page includes a chart with historical data for South Korea's Retail Sales.

source: KOSIS

South Korea Industrial Production

Industrial Production in South Korea increased 0.3 percent in March of 2012. Industrial production measures changes in output for the industrial sector of the economy which includes manufacturing, mining, and utilities. Industrial Production is an important indicator for economic forecasting and is often used to measure inflation pressures as high levels of industrial production can lead to sudden changes in prices. From 1976 until 2010, South Korea's industrial production averaged 10.35 percent reaching an historical high of 38.82 percent in July of 1976 and a record low of -25.73 percent in January of 2009. This page includes: South Korea Industrial Production chart, historical data and news.

source: Korea National Statistical Office

South Korea GDP Growth Rate

The Gross Domestic Product (GDP) in South Korea expanded 0.9 percent in the first quarter of 2012 over the previous quarter. Historically, from 1970 until 2011, South Korea's average quarterly GDP Growth was 1.78 percent reaching an historical high of 6.80 percent in March of 1988 and a record low of -7.00 percent in March of 1998. Since the 1960s, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy. An extremely competitive education system and a highly skilled and motivated workforce are two key factors driving this knowledge economy. In recent years, Korea's economy moved away from the centrally planned, government-directed investment model toward a more market-oriented one. Economists are concerned that South Korea's economic growth potential has fallen because of a rapidly aging population and structural problems that are becoming increasingly apparent. This page includes: South Korea GDP Growth Rate chart, historical data, forecasts and news. Data is also available for South Korea GDP Annual Growth Rate, which measures growth over a full economic year.

source: Bank of Korea

South Korea GDP Annual Growth Rate

The Gross Domestic Product (GDP) in South Korea expanded 2.8 percent in the first quarter of 2012 over the same quarter, previous year. Unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. Historically, from 1971 until 2011, South Korea's average annual GDP Growth was 7.40 percent reaching an historical high of 18.20 percent in September of 1973 and a record low of -7.30 percent in June of 1998. This page includes: South Korea GDP Annual Growth Rate chart, historical data, forecasts and news. Data is also available for South Korea GDP Quarterly Growth Rate, which measures growth over the previous quarter.

source: Bank of Korea

South Korea Consumer Confidence

In South Korea, consumer confidence improved to 104 in April of 2012 from 101 in March of 2012. In South Korea, The Composite Consumer Sentiment Index (CCSI) measures the level of optimism that consumers have about the performance of the economy. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend. This page includes: South Korea Consumer Confidence chart, historical data and news.

source: Bank of Korea

South Korea Annual Retail Sales

Retail Sales in South Korea increased 3.4 percent in January of 2012 over the previous year. From 1996 until 2011, South Korea's average Retail Sales was 7.12 percent reaching an historical high of 19.90 percent in December of 1999 and a record low of -12.60 percent in July of 1998. This page includes a chart with historical data for South Korea's Retail Sales.

source: KOSIS

South Korea GDP per capita

The GDP per capita in South Korea was last reported at 16373 US dollars in December of 2010, according to the World Bank. Previously, the GDP per capita in South Korea standed at 15463 US dollars in December of 2009. The GDP per capita in South Korea is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. Historically, from 1960 until 2010, South Korea's average GDP Per Capita was 6445.10 dollars reaching an historical high of 16372.50 dollars in December of 2010 and a record low of 1109.86 dollars in December of 1960. This page includes a chart with historical data for South Korea's GDP Per Capita.

source: World Bank

South Korea GDP per capita PPP

The GDP per capita, adjusted by purchasing power parity, in South Korea was last reported at 29004 US dollars in December of 2010, according to the World Bank. Previously, the GDP per capita PPP in South Korea standed at 27133 US dollars in December of 2009. The GDP per capita PPP in South Korea is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. Historically, from 1980 until 2010, South Korea's average GDP per capita PPP was 13523.59 dollars reaching an historical high of 29003.56 dollars in December of 2010 and a record low of 2634.29 dollars in December of 1980. This page includes a chart with historical data for South Korea's GDP per capita PPP.

source: World Bank

South Korea Population

The total population in South Korea was last reported at 49.0 million people in 2010 from 25.0 million in 1960, changing 96 percent during the last 50 years. South Korea has 0.71 percent of the world´s total population which means that one person in every 141 people on the planet is a resident of South Korea. This page includes a chart with historical data for South Korea's Total Population.

source: World Bank

South Korea Government Debt To GDP

The Government Debt in South Korea was last reported at 30.9 percent of the country´s GDP. From 1990 until 2010, South Korea's average Government Debt to GDP was 18.60 percent reaching an historical high of 32.56 percent in December of 2009 and a record low of 7.99 percent in December of 1996. Generally, Government debt as a percent of GDP is used by investors to measure South Korea's ability to make future payments on its debt, thus affecting South Korea's borrowing costs and government bond yields. This page includes a chart with historical data for South Korea's General Government Gross Debt as a percent of GDP.

source: International Monetary Fund

South Korea Government Budget

South Korea reported a government budget deficit equivalent to 1.1 percent of the Gross Domestic Product (GDP) in 2010. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes: South Korea Government Budget chart, historical data and news.

source: Statistics Korea, ADB

South Korea GDP

South Korea Gross Domestic Product is worth 1014 billion dollars or 1.64% of the world economy, according to the World Bank. Historically, from 1960 until 2010, South Korea's average Gross Domestic Product was 277.24 billion dollars reaching an historical high of 1049.24 billion dollars in December of 2007 and a record low of 2.36 billion dollars in December of 1961. Since the 1960s, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy. An extremely competitive education system and a highly skilled and motivated workforce are two key factors driving this knowledge economy. In recent years, Korea's economy moved away from the centrally planned, government-directed investment model toward a more market-oriented one. Economists are concerned that South Korea's economic growth potential has fallen because of a rapidly aging population and structural problems that are becoming increasingly apparent. This page includes: South Korea Gross Domestic Product (GDP) chart, historical data, forecasts and news.

source: The World Bank Group

datas from tradingeconomics.com

21 May 2012 ► Converter Won ► Free online currency conversion based on exchange rates. Currency converter