Latest reading: Manufacturing output flatlined month on month in seasonally adjusted terms in June, which followed May’s 2.2% increase. Looking...
Industrial Production in Korea
The Korean economy recorded an average industrial production growth rate of 1.5% in the decade to 2024. In 2024, industrial production growth was 3.4%. For more industry information, visit our dedicated page.
Korea Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Korea from 2014 to 2024.
Source: Macrobond.
Korea Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (s.a. ann. var. %) | -0.1 | 8.4 | 1.0 | -2.5 | 3.4 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Korean industry projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Korean industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Korean industry projections.
Want to get access to the full dataset of Korean industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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South Africa: Manufacturing production flatlines in June -
Sweden: Industrial output clocks quickest growth since August 2020 in June Latest reading: Industrial output—excluding energy—expanded 6.7% in seasonally and calendar-adjusted month on month terms in June, which contrasted May’s 1.3%... -
Argentina: Industrial output expands at fastest pace since May 2022 in June Latest reading: Industrial output rose 9.3% compared to the same month a year earlier in June, which followed May’s 6.0%... -
Malaysia: Industrial output growth rises in June Latest reading: Industrial output rose 3.0% in year-on-year terms in June, which was above May’s 0.3% increase. Looking at the... -
Norway: Decline in industrial activity softens in June Latest reading: Industrial production declined 0.1% month on month in seasonally adjusted terms in June (May: -0.5% mom s.a.). Looking... -
Vietnam: Industrial output decelerates in July Latest reading: Industrial output decelerated to 8.5% on an annual basis in July from June’s 10.8% increase, marking the worst... -
Italy: Industrial output rebounds in June Latest reading: Industrial output grew 0.2% in month-on-month seasonally adjusted terms in June (May: -0.8% mom s.a.). June’s rebound was...