Public Debt in Korea

Korea Public Debt | Economic News & Forecasts

Korea - Public Debt

The economy’s performance has been solid in recent months, following robust GDP growth in the first quarter, although there appear to be warning signs. Through to June of this year, economic confidence among consumers has remained in optimistic territory, underpinned by positive outlooks regarding income, spending and living standards. However, optimism hit its lowest point in over a year in June. Moreover, in the same month, business activity in the manufacturing sector decreased for the fourth consecutive month, according to survey data. Meanwhile, local elections were held on 13 June, which boosted President Moon Jae-In’s political standing. His party won 11 out of the 12 National Assembly seats in the by-elections, and 14 out of the 17 races for mayor or governor. Although Moon Jae-In will still head a minority government, this result will help his political and economic agenda progress, which includes taming conglomerate power over business and improving labor conditions.

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 Yield2.561.55 %Aug 07
Exchange Rate1,1240.21 %Aug 07
Stock Market2,300-0.11 %Aug 07

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