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KDI - Korea Development Institute

KDI - Korea Development Institute



Monthly Economic Trends KDI Monthly Economic Trends 2024. 1 January 08, 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. 1
January. 08. 2024
The Korean economy has shown a slight slowdown in domestic demand, yet there is a gradual softening in the downturn, led by the semiconductor industry.
  Consumption and investment are both decelerating, largely influenced by persistent high interest rates.
  - Goods consumption continues its downward trend, while service consumption maintains a low growth trend.
  - With high inventory levels, equipment investment demand is sluggish, while the compounded decrease in construction orders received is also slowing the growth in construction investment.
  - The slowdown in domestic demand is also leading to a deceleration in both employment growth and inflation.
  However, exports are exhibiting a recovery, serving a pivotal function in mitigating the economic slowdown.
  - Boosted by growing demand for AI servers, semiconductor exports significantly increased, and automobile exports also showed a positive trend.
  - Additionally, the decline in manufacturing, excluding semiconductors and automobiles, is gradually easing.
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
그래프 영역입니다. 그래프
외국인 순매수 Foreign Investors’ Net Purchase of Stocks
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기업대출 Bank Loans to Corporations
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