Public Debt in Korea
Korea - Public Debt
Comprehensive GDP data for Q2 confirmed the economy registered a slight acceleration, over Q1’s near one-decade low expansion, driven by stronger public spending. Turning to Q3, growth is expected to be relatively stable. Industrial production rebounded in July after dipping in Q2, while services sector activity grew at a steady pace. Moreover, the Central Bank’s rate cut in July coupled with August’s drop in the unemployment rate should support household spending in Q3. On a gloomier note, the PMI remained depressed in August. In other news, the Ministry of Economy and Finance unveiled the 2020 budget in August, which aims to increase government expenditures by 9.3%, in an attempt to bolster economic activity. Nevertheless, escalating trade tensions with Japan will likely continue to dampen business investment and the external sector.Korea - Public Debt Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Public Debt (% of GDP) | 35.4 | 37.3 | 39.5 | 39.9 | 39.8 |
Korea Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.34 | 1.55 % | Sep 04 |
| Exchange Rate | 1,208 | 0.21 % | Sep 04 |
| Stock Market | 1,989 | -0.40 % | Sep 04 |
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Economic News
Korea: Inflation hits record low in August
September 3, 2019
Consumer prices increased 0.2% over the prior month in August, contrasting July’s 0.3% fall.
Korea: Exports continue to dip in August
September 2, 2019
Merchandise exports plunged 13.6% year-on-year in August, sharper than the 11.0% drop recorded in July, totaling USD 44.2 billion in August (July: USD 46.1 billion).
Korea: Manufacturing sector downturn eases in August
September 2, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) increased to 49.0 in August from 47.3 in July, but remained below the 50-threshold that separates expansion from contraction in the manufacturing sector. Output, employment and new orders all declined in August.
Korea: Industrial production rebounds in July
August 30, 2019
Industrial production year-on-year increased 0.6% in July, contrasting June’s 2.6% fall.
Korea: BOK’s base rate on hold in August
August 30, 2019
At its 30 August monetary policy meeting, the Bank of Korea (BOK) voted to keep the base rate unchanged at 1.50%, as widely anticipated by market analysts.
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