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KDI - Korea Development Institute

KDI - Korea Development Institute



Monthly Economic Trends KDI Monthly Economic Trends 2024. 6 June 11, 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. 6
June. 11. 2024
The Korean economy is showing some improvement in economic activity driven by high export growth, but domestic demand has yet to recover.
  Exports continue to show a favorable recovery trend, led by semiconductors.
  - As the global economy sustains modest growth, external conditions are somewhat improving.
  - Accordingly, semiconductor exports continue a robust recovery, and exports of other items are also showing a mild upward trend.
  However, as the high interest rate environment persists, the recovery in domestic demand remains elusive.
  - The high interest rate environment, including continued hikes in delinquency rates on household and individual business loans, serves as a major factor weighing on domestic demand.
  - The decline in retail sales and equipment investment continues, while construction investment shows only a slight increase.
  - Consequently, inflation is slowing, and employment growth in the service industry is also narrowing.
  As domestic demand remains sluggish while exports recover, the trade surplus trend is being maintained.
  - Imports turned to a decrease as consumer goods imports contracted due to weak consumption.
Major Economic Indicators

Summary and Assessment

Major Indicators of the Korean Economy

1. Gross Domestic Product
  (at 2020 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(2020년 불변가격) Growth Rates of GDP and GDI (at 2020 Constant Prices)
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민간소비 및 고정투자(2020년 불변가격) Growth Rate of Private Consumption and Fixed Investment(at 2020 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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