South Korea Population

The total population in South Korea was last recorded at 50.0 million people in 2012 from 25.0 million in 1960, changing 100 percent during the last 50 years. Population in South Korea is reported by the The Bank of Korea. From 1960 until 2012, South Korea Population averaged 39.7 Million reaching an all time high of 50.0 Million in December of 2012 and a record low of 25.0 Million in December of 1960. The population of South Korea represents 0.72 percent of the world´s total population which arguably means that one person in every 140 people on the planet is a resident of South Korea. This page provides - South Korea Population - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
50.00 49.78 50.00 25.00 50.25 | 2013/12 1960 - 2012 Million Yearly


South Korea Population

Labour Last Previous Highest Lowest Forecast Unit
Unemployment Rate 3.50 2014-03-31 3.90 7.10 2.90 3.90 2014-04-30 Percent [+]
Population 50.00 2012-12-31 49.78 50.00 25.00 50.25 2013-12-31 Million [+]
Employed Persons 25524.00 2014-03-15 25644.00 25644.00 20275.00 25603.76 2014-04-30 Thousand [+]
Labour Costs 110.90 2013-05-15 107.40 115.30 86.30 110.57 2013-09-30 Index Points [+]
Labor Force Participation Rate 61.80 2014-03-15 61.40 63.40 48.50 63.08 2014-04-30 Percent [+]
Productivity 101.60 2013-08-15 103.00 124.10 93.10 98.07 2013-12-31 Index Points [+]
Unemployed Persons 928.00 2014-03-15 1033.00 1564.00 684.00 912.86 2014-04-30 Thousand [+]
Wages 3126967.00 2013-11-15 3180603.00 3180603.00 2460239.00 3181704.73 2014-03-31 KRW [+]
Wages in Manufacturing 3418613.00 2013-11-15 3464494.00 3487717.00 2520139.00 3440255.67 2014-03-31 KRW [+]
Retirement Age Men 60.00 2013-01-01 60.00 60.00 60.00 60.00 2013-12-31 [+]
Retirement Age Women 60.00 2013-01-01 60.00 60.00 60.00 60.00 2013-12-31 [+]

Population | Notes
Population estimates are usually produced by a country´s statistical office or Census Bureau. The Population Census provides the most reliable picture of a country's population because the data is collected at a specified time from the entire population; in contrast to other surveys, in which information is collected from only a small part of the residents. When monthly population estimates are required, the population count is updated by adding births, subtracting deaths, and adding net international migration since the census date.


Bank of Korea Leaves Monetary Policy Unchanged  
At its April 10th, 2014 meeting, South Korea's central bank held the benchmark interest rate unchanged at 2.5 percent, as widely expected. Under new Governor Lee Ju-yeol, the Bank of Korea cited signs of recovery at home and abroad and uncertainty about the US Federal Reserve's stimulus.
South Korea Unemployment Rate Falls in March  
South Korea jobless rate decreased to 3.5 percent in March of 2014, after reaching a three-year high 3.9 percent in February, thanks to new jobs created in agriculture and social services.
South Korea Trade Surplus Widens 25.7% YoY in March  
South Korean trade surplus increased to USD 4.19 billion in March of 2014, up from a USD 933 million surplus in the previous month and USD 3.33 billion surplus a year earlier. Exports jumped to the second-highest value on record due to higher demand from the US and the EU.
South Korea Inflation Rate Accelerates in March  
South Korean consumer prices rose in March of 2014 to an annual rate of 1.3 percent, up from 1 percent in February. The inflation rate rose for the first time in four months to a seven-month high, mainly due to higher childcare cost.
South Korea GDP Advances 0.9% QoQ in Q4  
South Korean GDP advanced a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2013, in line with expectations and unchanged from the advance estimate.
South Korea GDP Growth Revised Down to 3.7% YoY  
In the fourth quarter of 2013, South Korean GDP advanced 3.7 percent over a year earlier, down from an initial 3.9 percent estimate. Exports, government spending and contruction investment rose at a slower pace than initially estimated.
Bank of Korea Holds Rates  
At its March 13th, 2014 meeting, South Korea’s central bank decided to hold the base rate unchanged at 2.5 percent, citing mixed signs of a global recovery.
South Korea Unemployment Rate Hits 3-Year High  
In February of 2014, South Korean seasonally adjusted jobless rate rose to 3.9 percent, up from 3.2 percent in the previous month. While the number of job seekers increased as the season for graduation and recruitment led more young people to actively look for job, the number of people in work hit its highest level in 15 years.
South Korea Inflation Rate Slows in February  
South Korea annual inflation rate eased to a four-month low 1 percent in February of 2014, down from 1.1 percent in the previous two months.
South Korea Trade Surplus Narrows over a Year Earlier  
In February of 2014, South Korean trade surplus decreased for the second straight month to USD 926 million, down from USD 1.9 billion a year earlier. Sales in January and February usually show volatility due to the Lunar New Year holidays.


Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
Euro Area Inflation Rate Confirmed at 0.5% in March  
Euro area annual inflation was 0.5 percent in March of 2014, matching initial estimates and slowing from 0.7 percent in February. On a monthly basis, prices increased 0.9 percent, up from 0.3 percent in the previous month.
UK Unemployment Rate Down to 5-Year Low  
In the three months to February of 2014, UK jobless rate fell to 6.9 percent, down from 7.2 percent in the previous period. Pay growth rose 1.7 percent and caught up with inflation for the first time in nearly four years.
Chinese GDP Growth Slows in Q1  
China’s economy advanced 7.4 percent in the first quarter of 2014, slowing from a 7.7 percent expansion in the previous period, but beating market forecasts. It is the lowest growth since the third quarter of 2012, as exports and imports contracted and growth in fixed asset investment eased.

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