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  • KDI Monthly Economic Trends 2019. 4
  • Date April 08, 2019
  • Language Korean/English
PDF Major Indicators
    Major Economic Indicators

    Summary and Assessment

    Major Indicators of the Korean Economy

    1. Gross Domestic Product
     (at 2010 Constant Prices)

    2. Economic Activity

    3. Consumption

    4. Equipment Investment

    5. Construction Investment

    6-1. Exports, Imports and Terms of Trade

    6-2. Current Account and Financial Account

    7. Employment and Wage

    8. Price Indices

    9-1. Financial Market (I)

    9-2. Financial Market (II)

    10-1. Major Indicators of the World Economy (I)

    10-2. Major Indicators of the World Economy (II)
□ Korea’s economic activities appear subdued gradually on weakening domestic and global demand.

○ Exports are receding led by key items while domestic demand is limping.

- Retail sales receded quite sharply in February influenced by the early arrival of the Lunar New Holidays and its average for January to February grew less, indicating that private consumption is slackening.

- Facilities investment is decreasing further and construction investment remains stagnant.

- Exports (amount) diminished overall in March led by semiconductors and petroleum products while its volume shrank in February.

○ On the production side, industrial (mining and manufacturing) production declined further and services production grew less.

- Industrial (mining and manufacturing) production showed larger decrements influenced by a slowing growth in key items such as semiconductors and automobiles. The manufacturing capacity utilization rate receded and the inventory-to-shipments ratio stayed high.

- The average services production for January to February rose by a smaller margin than December of last year.

- The cyclical components of both leading and coincident composite indices retreated to a low level.
Private Consumption and Fixed Investment(at 2010 Constant Prices)
Net Purchases by Foreign Investors
Banks Loans to the Corporate Sector
 
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Office of Global Economy
Providing Economic Forecast and Macroeconomic Policy Direction, the Groundwork for a Brighter Future

The Department of Macroeconomics is conducting researches on the macro economy and macroeconomic policy, particularly focusing on suggesting the analysis of macroeconomic trends and current status of the economy at home and abroad, the economic forecast, and the policy direction of the macro economy. The Department is also in charge of establishing, sustaining and maintaining various econometric models, based on which it analyses policy effects and develops a long-term economic forecast.

Main Tasks
  • Economic trend analysis, short- and long-term forecast
  • Policy study on macroeconomic management
  • Basic structural analysis on macroeconomic areas
  • Maintenance of multi-sectoral dynamic macroeconomic model
Department of Macroeconomic Policy
  • LEE. Tae Suk

    Director, Division of Analysis and Evaluation

    82-044-550-4725
  • CHO, Byungkoo On leave

    Director and Vice President, Department of North Korean Economy

    82-044-550-4725
  • LEE, Jongkyu

    Fellow

    82-044-550-4725
  • WEE, Hyeseung Dispatched

    Research Associate

    82-044-550-4725
  • NAM, Jinwook On leave

    Specialist

    82-044-550-4725
  • KIM, Seulki

    Research Associate

    82-044-550-4725
  • CHUN, Eunkyung

    Research Associate

    82-044-550-4725
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