Latest reading: Industrial output—excluding energy—recovered following three consecutive monthly declines in April, expanding 3.3% month on month in seasonally and...
Industrial Production in Korea
In the year 2024, the industrial production in Korea was 3.38%, compared to 0.67% in 2014 and -2.54% in 2023. It averaged 1.52% over the last decade. For more information on industry, 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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Sweden: Industrial output rebounds sharply in April -
Germany: Industrial output returns to the doldrums in April Latest reading: Industrial production decreased 1.4% on a seasonally and calendar-adjusted month-on-month basis in April. The reading was a deterioration... -
Norway: Industrial production rebounds in April Latest reading: Industrial production returned to growth in April, expanding 2.1% month on month in seasonally adjusted terms (March: -0.4%... -
Norway: Industrial production rebounds in April Latest reading: Industrial production returned to growth in April, expanding 2.1% month on month in seasonally adjusted terms (March: -0.4%... -
Latvia: Industrial output rebounds in April Latest reading: Industrial output rose 1.9% in year-on-year terms in April, which contrasted March’s 2.5% decrease. Looking at the details... -
Estonia: Industrial output growth slows in April Latest reading: Industrial output increased 1.5% year on year in seasonally and calendar-adjusted terms in April (March: +3.5% yoy). Looking... -
Portugal: Industrial output recovers tepidly in April Latest reading: Industrial output rebounded by 1.2% month on month in seasonally adjusted terms in April, contrasting March’s 3.9% contraction....