http://www.tradingeconomics.com/RSS Feed60http://www.tradingeconomics.com/south-korea/consumer-confidenceIn South Korea, consumer confidence improved to 105 in May of 2012 from 104 in April of 2012. Historically, from 1998 until 2012, South Korea Consumer Confidence averaged 100.1100 reaching an all time high of 117.0000 in October of 2009 and a record low of 81.0000 in December of 2008. 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 a chart with historical data for South Korea Consumer Confidence.Bank of KoreaFri, 25 May 2012 11:38:00 GMThttp://www.tradingeconomics.com/south-korea/gdp-per-capitaThe Gross Domestic Product per capita in South Korea was last reported at 16372.50 US dollars in 2010, according to a report published by the World Bank. The GDP per Capita in South Korea is equivalent to 132 percent of the world's average. Historically, from 1960 until 2010, South Korea GDP per capita averaged 6445.1000 USD reaching an all time high of 16372.5000 USD in December of 2010 and a record low of 1109.8600 USD in December of 1960. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for South Korea GDP per capita.World BankTue, 22 May 2012 15:40:00 GMThttp://www.tradingeconomics.com/south-korea/current-account-to-gdpSouth Korea reported a Current Account surplus of 2.40 percent of the country's Gross Domestic Product in 2011. Historically, from 1980 until 2011, South Korea Current Account to GDP averaged 1.1200 Percent reaching an all time high of 11.9000 Percent in December of 1998 and a record low of -8.3000 Percent in December of 1980. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for South Korea Current Account to GDP.Bank of KoreaMon, 21 May 2012 14:19:00 GMThttp://www.tradingeconomics.com/south-korea/government-debt-to-gdpSouth Korea recorded a Government Debt to GDP of 34.00 percent of the country's Gross Domestic Product in 2011. Historically, from 1990 until 2011, South Korea Government Debt To GDP averaged 19.4200 Percent reaching an all time high of 34.0000 Percent in December of 2011 and a record low of 7.9900 Percent in December of 1996. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for South Korea Government Debt To GDP.International Monetary Fund Mon, 21 May 2012 14:10:00 GMThttp://www.tradingeconomics.com/south-korea/government-budgetSouth Korea reported a Government Budget deficit equal to 2.00 percent of the country's Gross Domestic Product in 2011. Historically, from 1988 until 2011, South Korea Government Budget averaged -0.0800 Percent of GDP reaching an all time high of 3.4700 Percent of GDP in December of 2007 and a record low of -4.1000 Percent of GDP in December of 2009. 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 a chart with historical data for South Korea Government Budget.Statistics Korea, ADBMon, 21 May 2012 14:00:00 GMThttp://www.tradingeconomics.com/south-korea/unemployment-rateThe unemployment rate in South Korea was last reported at 3.4 percent in April of 2012. Historically, from 1999 until 2012, South Korea Unemployment Rate averaged 3.7000 Percent reaching an all time high of 7.1000 Percent in June of 1999 and a record low of 3.0000 Percent in September of 2002. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for South Korea Unemployment Rate.Korea National Statistical OfficeWed, 16 May 2012 15:17:00 GMThttp://www.tradingeconomics.com/south-korea/current-accountSouth Korea reported a current account surplus equivalent to 3040 Million USD in March of 2012. Historically, from 1980 until 2012, South Korea Current Account averaged 684.4000 Million USD reaching an all time high of 5489.1000 Million USD in October of 2010 and a record low of -3587.6000 Million USD in August of 2008. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page includes a chart with historical data for South Korea Current Account.Bank of KoreaThu, 10 May 2012 13:22:00 GMThttp://www.tradingeconomics.com/south-korea/balance-of-tradeSouth Korea reported a trade surplus equivalent to 2.4 Billion USD in March of 2012. Historically, from 1965 until 2012, South Korea Balance of Trade averaged 382.5800 Million USD reaching an all time high of 6794.2000 Million USD in June of 2010 and a record low of -4043.4000 Million USD in January of 2008. 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 a chart with historical data for South Korea Balance of Trade.Ministry of Knowledge EconomyThu, 10 May 2012 13:21:00 GMThttp://www.tradingeconomics.com/south-korea/importsSouth Korea imports were worth 44.9 Billion USD in March of 2012. Historically, from 1965 until 2012, South Korea Imports averaged 9209.0800 Million USD reaching an all time high of 45566.0000 Million USD in March of 2011 and a record low of 38.6000 Million USD in January of 1966. 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 a chart with historical data for South Korea Imports.Ministry of Knowledge EconomyThu, 10 May 2012 13:14:00 GMThttp://www.tradingeconomics.com/south-korea/exportsSouth Korea exports were worth 47.4 Billion USD in March of 2012. Historically, from 1965 until 2012, South Korea Exports averaged 9588.9100 Million USD reaching an all time high of 48950.1000 Million USD in July of 2011 and a record low of 14.8000 Million USD in January of 1966. 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 a chart with historical data for South Korea Exports.Ministry of Knowledge EconomyThu, 10 May 2012 13:14:00 GMThttp://www.tradingeconomics.com/south-korea/interest-rateThe benchmark interest rate in South Korea was last reported at 3.25 percent. Historically, from 1999 until 2012, South Korea Interest Rate averaged 3.8500 Percent reaching an all time high of 5.2500 Percent in October of 2000 and a record low of 2.0000 Percent in February of 2009. 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. This page includes a chart with historical data for South Korea Interest Rate.Bank of KoreaThu, 10 May 2012 11:53:00 GMThttp://www.tradingeconomics.com/south-korea/business-confidenceIn South Korea, business confidence improved to 84 in April of 2012 from 81 in March of 2012. Historically, from 2003 until 2012, South Korea Business Confidence averaged 81.3400 reaching an all time high of 105.0000 in June of 2010 and a record low of 43.0000 in February of 2009. 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 Business Confidence.Wed, 09 May 2012 17:55:00 GMThttp://www.tradingeconomics.com/south-korea/inflation-cpiThe inflation rate in South Korea was recorded at 2.50 percent in April of 2012. Historically, from 1966 until 2012, South Korea Inflation Rate averaged 8.1800 Percent reaching an all time high of 32.5100 Percent in October of 1980 and a record low of 0.1700 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 a chart with historical data for South Korea Inflation Rate.Korea National Statistical OfficeTue, 01 May 2012 11:35:00 GMThttp://www.tradingeconomics.com/south-korea/retail-salesRetail Sales in South Korea decreased 2.70 percent in March of 2012 over the previous month. Historically, from 1995 until 2012, South Korea Retail Sales averaged 0.3500 Percent reaching an all time high of 5.7000 Percent in December of 1995 and a record low of -13.3000 Percent in January of 1998. A Retail sales report provides an aggregated measure of sales of retail goods over a specific time period. Retail sales are both seasonal and volatile and their importance to the overall gross domestic product varies with each country. However, the retail sales data is widely followed by investors because is only a few weeks old. This page includes a chart with historical data for South Korea Retail Sales.KOSISMon, 30 Apr 2012 20:04:00 GMThttp://www.tradingeconomics.com/south-korea/industrial-productionIndustrial Production in South Korea increased 0.30 percent in March of 2012. Historically, from 1976 until 2012, South Korea Industrial Production averaged 10.2400 Percent reaching an all time high of 38.8000 Percent in July of 1976 and a record low of -25.3000 Percent in January of 2009. 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. This page includes a chart with historical data for South Korea Industrial Production.Korea National Statistical OfficeMon, 30 Apr 2012 11:29:00 GMThttp://www.tradingeconomics.com/south-korea/gdp-growthThe Gross Domestic Product (GDP) in South Korea expanded 0.90 percent in the first quarter of 2012 over the previous quarter. Historically, from 1970 until 2012, South Korea GDP Growth Rate averaged 1.7600 Percent reaching an all time high of 6.8000 Percent in March of 1988 and a record low of -7.0000 Percent in March of 1998. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. 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 a chart with historical data for South Korea GDP Growth Rate.Bank of KoreaThu, 26 Apr 2012 09:59:00 GMThttp://www.tradingeconomics.com/south-korea/gdp-growth-annualThe Gross Domestic Product (GDP) in South Korea expanded 2.80 percent in the first quarter of 2012 over the same quarter of the previous year. Historically, from 1971 until 2012, South Korea GDP Annual Growth Rate averaged 7.3300 Percent reaching an all time high of 18.2000 Percent in September of 1973 and a record low of -7.3000 Percent in June of 1998. The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, 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. This page includes a chart with historical data for South Korea GDP Annual Growth Rate.Bank of KoreaThu, 26 Apr 2012 09:58:00 GMThttp://www.tradingeconomics.com/south-korea/retail-sales-annualRetail Sales in South Korea increased 3.40 percent in January of 2012 over the same month in the previous year. Historically, from 1996 until 2012, South Korea Annual Retail Sales averaged 7.0800 Percent reaching an all time high of 19.9000 Percent in December of 1999 and a record low of -12.6000 Percent in July of 1998. A Retail sales report provides an aggregated measure of sales of retail goods over a specific time period. Retail sales are both seasonal and volatile and their importance to the overall gross domestic product varies with each country. However, the retail sales data is widely followed by investors because is only a few weeks old. This page includes a chart with historical data for South Korea Annual Retail Sales.KOSISFri, 02 Mar 2012 18:13:00 GMThttp://www.tradingeconomics.com/south-korea/gdp-per-capita-pppThe Gross Domestic Product per capita in South Korea was last reported at 29003.56 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in South Korea, when adjusted by Purchasing Power Parity is equivalent to 132 percent of the world's average. Historically, from 1980 until 2010, South Korea GDP per capita PPP averaged 13523.5900 USD reaching an all time high of 29003.5600 USD in December of 2010 and a record low of 2634.2900 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for South Korea GDP per capita PPP.World BankWed, 04 Jan 2012 19:02:00 GMThttp://www.tradingeconomics.com/south-korea/population Historically, from 1960 until 2010, South Korea Population averaged 39.4400 Million reaching an all time high of 48.9900 Million in December of 2010 and a record low of 25.0000 Million in December of 1960. 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. This page includes a chart with historical data for South Korea Population.World BankFri, 28 Oct 2011 13:56:00 GMT