Fiscal Balance in Korea

Korea Fiscal Balance | Economic News & Forecasts

Korea - Fiscal Balance

The economy had a sluggish start to the year. In the first quarter, output grew at the slowest pace since the financial crisis, on the back of a fall in fixed investment. Particularly, business investment plunged owing to weakness in the semiconductor industry. Government consumption, however, grew robustly and the external sector contributed the most to economic growth in six years, although only thanks to lower imports. More recently, the economy has showed tentative signs of a small rebound in Q2: In April, the manufacturing sector narrowly expanded for the first time in six months and consumers became optimistic about economic conditions for the first time in seven months. Merchandise exports, however, fell for the fifth month running in April. Meanwhile, in the political arena, the government unveiled USD 5.9 billion in extra spending measures on 23 April, which should slightly lift growth later this year.

Korea - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)1.0  0.6  0.0  1.0  1.4  

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Korea Facts

Bond Yield1.871.55 %May 13
Exchange Rate1,1880.21 %May 13
Stock Market2,079-0.40 %May 13

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