Public Debt in Korea

Korea Public Debt | Economic News & Forecasts

Korea - Public Debt

Recent 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 - 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 Yield1.871.55 %May 13
Exchange Rate1,1880.21 %May 13
Stock Market2,079-0.11 %May 13

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