External Debt in Korea
Korea - External DebtRecent indicators suggest economic growth decelerated in Q1 2019 amid rising external headwinds. Industrial output fell in January and February, contrasting the growth recorded in Q4 2018 and dragged down by the manufacturing and construction sectors. Similarly in Q1, exports posted the first annual contraction in over two years, while the trade surplus narrowed. Moreover, the labor market has softened somewhat, with the unemployment rate averaging higher year-on-year. On 2 April, the government announced that it will present a supplementary budget later this month to strengthen job creation and ailing exports, which should provide a boost to the economy in the remainder of the year. A day later, Korean mobile carriers launched 5G services; Korean leadership in this field bodes well for long-run economic competitiveness and investment.
Korea - External Debt Data
|External Debt (% of GDP)||32.4||30.1||28.7||27.2||27.4|
5 years of economic forecasts for more than 30 economic indicators.
Korea External Debt Chart
Source: Bank of Korea and Met the why particular calculations.
|Bond Yield||1.93||1.55 %||Apr 22|
|Exchange Rate||1,142||0.21 %||Apr 22|
|Stock Market||2,217||-0.11 %||Apr 22|
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April 18, 2019
At its 18 April monetary policy meeting, the Bank of Korea held the base rate steady at 1.75%, as had been expected by most market analysts, where it has been since November last year. April’s decision reflected weak inflation in recent months and lower Bank of Korea inflation forecasts.
April 2, 2019
Consumer prices fell 0.2% in March compared to the previous month, contrasting the 0.4% increase in February and confounding analysts’ expectations of a rise.
April 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by Nikkei and reported by IHS Markit, perked up to 48.8 in March, from 47.2 in February.
April 1, 2019
Merchandise exports fell 8.2% in March—a less pronounced drop than February’s revised 11.4% fall (previously reported: -11.1% year-on-year)—to total USD 47.1 billion.
March 29, 2019
Industrial production in the mining, manufacturing, and gas and electricity sectors dipped 2.7% in February compared to the same month a year earlier, a sharper fall than the downwardly revised 0.2% decline registered in January (previously reported: +0.1% year-on-year).