Public Debt in Korea

Korea Public Debt | Economic News & Forecasts

Korea - Public Debt

The economy got off to a good start in 2018. According to preliminary data released by the Bank of Korea, GDP growth was unchanged in the first quarter from the previous quarter, indicating that growth momentum was sustained. Despite increased unemployment and a slight dip in consumer confidence in Q1, resilient private consumption, exceptionally strong government consumption due to increased healthcare spending, and solid fixed investment more than outweighed the external sector’s drag on growth in the quarter. At the start of the second quarter, however, the economy has flashed warning signs. In April, merchandise exports fell for the first time in 18 months. Although this was primarily due to an adverse base effect, in the same month consumer confidence decreased for the fifth consecutive month on concerns over future income and spending levels. This was despite the higher minimum wage, which came into effect in January. Moreover, survey data showed that business activity in the manufacturing sector fell in April.

Korea - Public Debt Data

2013  2014  2015  2016  2017  
Public Debt (% of GDP)35.4  37.3  39.5  11.0  39.8  

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Korea Facts

Bond Yield2.711.55 %Jun 14
Exchange Rate1,0830.21 %Jun 14
Stock Market2,423-0.11 %Jun 14

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