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  • KDI Monthly Economic Trends 2020. 1
  • Date January 09, 2020
  • Language Korean
PDF Major Indicators
    Major Economic Indicators

    Summary and Assessment

    Major Indicators of the Korean Economy

    1. Gross Domestic Product
     (at 2015 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)
■ The Korean economy is still exhibiting slow growth although some indicators imply that the slowdown is easing.

○ The growth in retail sales and services production ticked up and leading economic indicators improved in November.

╺Orders received for domestic machinery and construction expanded sharply and the economic sentiment index rose, suggesting that the slowdown will gradually ease.

╺December’s exports exhibited a reduced decline mainly in semiconductors, partly owing to the base effect.

○ However, investment and manufacturing remain in a slump.

╺Facilities investment remained weak in November despite temporary factors such as aircraft investments and the base effect. Construction investment remains lackluster, particularly in the building construction sector.

╺Manufacturing showed a reduced decline in production but its high inventory-to-shipments ratio and low capacity utilization rate indicate continued sluggishness.

╺The cyclical component of the coincident composite index shows little change, not showing an immediate recovery in the economy.
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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