Population in Korea
Korea - Population
A preliminary estimate showed the economy contracted at a slower pace in annual terms in the third quarter as international trade ameliorated. Exports recovered significantly from the blow dealt by the pandemic in Q2, falling at a much softer rate. Moreover, fixed investment gained steam, growing at a faster pace than in Q2. Turning to Q4, the recovery is seen losing some steam amid surging Covid-19 cases abroad. That said, available indicators for the early part of the quarter are fairly positive: In October, the PMI reading pointed to the first improvement in manufacturing conditions this year, while consumer sentiment grew less pessimistic. Moreover, business confidence increased in November, pointing to sustained improvement in private sector activity. In other news, Joe Biden’s victory in the U.S. election sparked optimism regarding the future of the external sector, amid hopes that global tariffs will ease.Korea - Population Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Population (million) | 51.0 | 51.2 | 51.4 | 51.6 | 51.8 |
Korea Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.68 | 1.55 % | Dec 31 |
| Exchange Rate | 1,156 | 0.21 % | Dec 31 |
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Economic News
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Korea: BOK keeps rates at all-time low in January
January 15, 2021
At its meeting on 15 January, the Bank of Korea (BOK) kept the base rate at its record low of 0.50%, in line with market expectations. The Bank’s decision to hold came amid a rise in Covid-19 cases which is supressing activity at home.
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Korea: Manufacturing conditions improve at a stable pace in December
January 4, 2021
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) remained unchanged at November’s 52.9 in December, remaining above the 50-threshold that separates an improvement from a deterioration in the manufacturing sector over the previous month. The reading was led by slightly slower, but still solid, rises in output and new orders, supported by improved demand for vehicles and the recovery in external demand driven by trading partners such as Japan and China.
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Korea: Merchandise exports rise at a quicker pace in December
January 1, 2021
Merchandise exports shot up 12.6% over the same month last year in December amid solid IT demand, following November’s 4.1% increase.
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Korea: Inflation recedes in December
December 31, 2020
Consumer prices rose 0.16% from the previous month in December, swinging from the 0.10% fall logged in November.
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Korea: Industrial output rebounds in November
December 30, 2020
Industrial production increased 0.5% in November in annual terms (October: -2.0% yoy).
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