International Reserves in Korea

Korea International Reserves | Economic News & Forecasts

Korea - International Reserves

Although Korea has avoided the strict lockdowns observed in other countries, the economy likely still contracted in annual terms in Q2 for the first time in over a decade, amid weaker domestic and foreign demand. The manufacturing PMI remained deep in contractionary territory through June amid soft output and new orders, while exports were down by a fifth in the second quarter as a whole due to lockdowns abroad. Moreover, muted business sentiment hints at depressed fixed investment in the quarter. More positively, retail sales returned to growth in May, while consumer confidence recovered sharply in May and June. In addition, in early July Parliament approved a third supplementary budget worth KRW 35 trillion (USD 29 billion), taking total spending to fight the pandemic to roughly 14% of GDP. This should provide a boost to activity heading into Q3.

Korea - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)368  371  389  404  409  

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Korea International Reserves Chart

Korea International Reserves
Note: International reserves in months of imports.
Source: Bank of Korea and FocusEconomics calculations.

Korea Facts

Value Change Date
Bond Yield1.681.55 %Dec 31
Exchange Rate1,1560.21 %Dec 31

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