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  • KDI Monthly Economic Trends 2021. 2
  • Date February 08, 2021
  • Language Korean/English
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 saw its domestic demand contract further as the third Covid-19 wave rolls across the country. However, improvements in goods exports served to partially buffer the slowdown in economic activity.

○ As consumption and employment tumbled on the resurgence, economic activity remained sluggish led by domestic demand.

- Semi-durable goods consumption and in-person service production saw an increased decline as more people stay home due to concerns of infection and tight quarantine measures.

- Influenced by shrinking demand and economic activity, the decline in the number of employed persons worsened particularly in the service industry while the population of economically inactive persons rose.

○ However, the manufacturing industry is sustaining moderate growth as exports and equipment investment continue high growth owing to improving external demand of commodities.

- Goods exports exhibited overall improvements led by ICT products and automobiles, and unit prices ascended while inventories continue to decrease from September.

- The manufacturing industry is maintaining favorable growth with continued increases in equipment investment led by semiconductors, suggesting that the economic contraction is being partially alleviated.
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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