Latest reading: Industrial output increased 1.9% compared to the same month of the previous year in May, which followed April’s...
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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Lithuania: Industrial output growth eases in May -
Belarus: Industrial output growth falls to an over two-year low in May Latest reading: Industrial production growth eased to 1.1% year on year in May (April: +1.4% yoy), marking the weakest reading... -
Kazakhstan: Industrial output loses momentum in May Latest reading: Industrial output grew 5.8% compared to the same month a year earlier in May, which was a deterioration... -
Euro Area: Industrial output falls at sharpest pace since July 2023 in April Latest reading: Industrial output declined 2.4% in month-on-month seasonally adjusted terms in April, which contrasted March’s 2.4% increase. April’s figure... -
Uruguay: Manufacturing activity growth eases in April Latest reading: Manufacturing output grew 7.2% in year-on-year terms in April, which followed March’s 16.2% increase. April’s reading was largely... -
Turkey: Industrial output records largest decrease in one year in April Latest reading: Industrial output decreased 3.1% in month-on-month seasonally adjusted terms in April, which contrasted March’s 3.4% increase. The result... -
Cyprus: Industrial output growth speeds up in April Latest reading: Industrial output increased 4.9% year on year in calendar-adjusted terms in April, which was above March’s 1.8% increase....