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KDI - Korea Development Institute

KDI - Korea Development Institute



Monthly Economic Trends KDI Monthly Economic Trends 2024. 5 May 12, 2024

Monthly Economic Trends

Monthly published report on the analysis and forecast of the Korean economy based on domestic and foreign macroeconomic statistics.

KDI Monthly Economic Trends 2024. 5
May. 12. 2024
The Korean economy is sustaining a trend of alleviating economic slowdown, supported by a strong export recovery.
  Although production experienced some adjustments in March, it maintained the moderate growth trajectory propelled by semiconductors in terms of the first quarter trend.
  - Services production maintains low growth, and construction production, which had rebounded due to a temporary concentration of construction projects, has also shifted to a decline.
  - Concurrently, manufacturing production is also undergoing some adjustments, as evidenced by the rising inventory-to-shipment ratio and the declining average capacity utilization rate.
  - Nonetheless, semiconductor production and exports continue to display robust growth, leading the trend of mitigating economic downturn.
  Meanwhile, amid decelerating inflation, employment conditions appear to be relatively favorable.
  - Core inflation, which represents the underlying inflation trend, is gradually decelerating, edging closer to the inflation target (2.0%).
  - The growth in the number of employed persons is adjusting, yet the unemployment rate remains at a low level.
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. Housing Market

11-1. Major Indicators of the World Economy (I)

11-2. Major Indicators of the World Economy (II)
국내총생산 및 국내총소득의 성장률(2015년 불변가격) Growth Rates of GDP and GDI (at 2015 Constant Prices)
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민간소비 및 고정투자(2015년 불변가격) Growth Rate of Private Consumption and Fixed Investment(at 2015 Constant Prices)
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총수출 및 총수입 Total Imports and Exports
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외국인 순매수 Foreign Investors’ Net Purchase of Stocks
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기업대출 Bank Loans to Corporations
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