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  • KDI Monthly Economic Trends 2021. 5
  • Date May 10, 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)
■ Despite the continued spread of Covid-19, the Korean economy has recently shown a modest recovery centered around manufacturing.

○ As retail sales, exports, and equipment investment all improved, the manufacturing industry is exhibiting a solid recovery trend.

- With the improvements in consumer sentiment, consumer goods imports continued high growth, while seasonally adjusted retail sales also increased from the previous month.

- Owed to the continued improvement in external demand, both exports and equipment investment posted a fast increase.

○ However, daily new Covid-19 cases in Korea exceeded the previous month’s level to reach 600 in April, and economic uncertainties are still running high amid the spread of new variants.

- Services is still in a slump despite exhibiting a slight rebound as social distancing eased from mid-February.

- Accordingly, the number of employed persons in in-person services such as accommodation and food services posted continued losses despite the base effect.
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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