Capital Economics forecasts the Korean economy will contract by 6% in the second quarter compared to the prior quarter, and shrink by nearly 3% over the year as a whole. The GDP per Capita in South Korea is equivalent to 227 percent of the world's average. But that's still unlikely to save the economy from a "massive recession," according to Holmes. Trade data from the first 20 days of April showed that exports plunged nearly 27% from a year ago. "If Korea … The decline was slightly better than what analysts polled by Refinitiv expected, but still the worst in more than a decade. This page provides – South Korea Current Account to GDP – actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong (CNN Business)South Korea's economy just recorded its most severe contraction since the 2008 financial crisis as the coronavirus pandemic weighed on consumer demand and exports. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Distribution of gross domestic product (GDP) across economic sectors South Korea 2019, Gross domestic product (GDP) growth in South Korea 2021. -tenths of one percent less than in the previous quarter, when changed -1.3%. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. South Korea gdp … "International dollar" is a hypothetical currency that has a comparable purchase power parity to the U.S. dollar at any given time, i.e. All rights reserved. Asia's fourth-largest economy shrank 1.4% in the January-to-March period compared to the fourth quarter of 2019, according to an estimate released Thursday by the Bank of Korea. We'll assume you're ok with this, but you can opt-out if you wish. Please authenticate by going to "My account" → "Administration". Millions of Americans are out of work. Updated 0243 GMT (1043 HKT) April 23, 2020. During his regime, from 1961 to 1979, South Korea achieved rapid economic growth, with per capita income rising to roughly 17 times the level of North Korea. The Trading Economics Application Programming Interface (API) provides direct access to our data. Meanwhile, gross fixed capital formation expanded 1.9 percent following a 4.7 percent increase. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. South Korean Shares Fall for Fourth Session, South Korea Unemployment Rate Jumps to 3.9%, South Korea Holds Base Rate at Record Low of 0.5%, South Korea Current Account Surplus Widens, South Korea Inflation Rises More than Expected, South Korea Factory Activity Shrinks the Least in 8 Months, South Korea Imports Rise Unexpectedly in September, South Korea Exports Rise for 1st Time in 7 Months, South Korea Trade Surplus Widens in September, Eurozone Consumer Prices Post Biggest Fall in 4-1/2 Years, Eurozone Trade Surplus Widens Less than Expected. Download historical data for 20 million indicators using your browser. Industry revenue of “Calligraphy brushes and painting materials, except pencils“ in Japan... Cafe industry and coffee drinkers in South Korea, South Korea: Gross domestic product (GDP) in current prices from 1984 to 2021 (in billion international dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, countries with the largest proportion of global domestic product / GDP, gross domestic product / GDP growth in South Korea. Register in seconds and access exclusive features. Please create an employee account to be able to mark statistics as favorites. Gross Domestic Product of South Korea fell 3.3 in the first quarter of 2020 compared to the … Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Publish your articles and forecasts in our website. All times are ET. Please see our, South Korea: Gross domestic product (GDP) in current prices from 1984 to 2021, GDP growth forecast: Asia, U.S., U.K. and Germany 2010-2024, Gross domestic product (GDP) in South Korea 2021, Industry revenue of “Petroleum refineries“ in South Korea 2011-2023, Industry revenue of “Manufacture of motor vehicles“ in South Korea 2011-2023, Industry revenue of “Manufacture of flat display components“ in South Korea 2011-2023, Industry revenue of “Manufacture of steel products“ in South Korea 2011-2023, Industry revenue of “Manufacture of wireless communication apparatuses“ in South Korea 2011-2023, Forecast: sales value restaurants South Korea 2008-2020, Forecast: sales value lunch counters South Korea 2008-2020, Forecast: sales value drinking places South Korea 2008-2020, Forecast: sales value tourist accommodation South Korea 2008-2020, Forecast: sales value cafeterias South Korea 2008-2020, Forecast: sales value automotive fuel retail South Korea 2008-2020, Forecast: sales value department store retail South Korea 2008-2020, Forecast: sales value supermarket and convenience store retail South Korea 2008-2020, Forecast: sales value new motor vehicle retail South Korea 2008-2020, Forecast: sales value textile and apparel retail South Korea 2008-2020, Korea civil space program R&D outlays as a share of GBOARD 2000-2011, South Korea's exports to ASEAN countries value 2013-2018, Attitude towards protectionism of South Korea 2018, by type, Agricultural production value in South Korea 2005-2013, Value of the ordered ships from South Korea, Distribution of e-commerce sales in South Korea 2011-2013, by type, Internet banking usage rate in South Korea in 2013, by age group, Total value of U.S. trade in goods with South Korea 2019, Accusations against the ex-president Park Geun-hye South Korea 2018, E-commerce sales in South Korea 2011-2013, by type, Publicly available fast EVSE chargers in South Korea 2010-2019, Value of delivered ships from South Korea, Internet usage rate in South Korea 2000-2019, Value of U.S. imports from South Korea 2019, Forecast: operating revenue rubber processing equipment manufacture China 2008-2020, Gross surplus of the ICT sector in Hong Kong 2008-2018, Recycled aluminum alloy ingots sales volume in Japan 2012-2019, Bean production volume in South Korea 2011-2015, Industry revenue of “Calligraphy brushes and painting materials, except pencils“ in Japan 2012-2024.
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