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Korea: Key Indicators |
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2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2005 |
2006 |
2006 |
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Year |
Year |
Year |
Year |
Year |
Year |
Year |
Q4 |
Q1 |
Q2 |
Q3 |
Jun |
Jul |
Aug |
Sep |
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Output, Employment and Prices |
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| GDP (% change, previous year) |
3.8 |
7.0 |
3.1 |
4.7 |
4.0 |
5.1 |
4.5 |
5.3 |
6.1 |
5.3 |
4.6 |
.. |
.. |
.. |
.. |
| Industrial production index
(2000=100) |
100.7 |
108.8 |
114.5 |
126.2 |
134.1 |
.. |
.. |
147.3 |
142.4 |
146.0 |
144.2 |
146.1 |
136.9 |
141.6 |
154.0 |
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(% change, previous year) |
0.7 |
8.0 |
5.3 |
10.2 |
6.2 |
.. |
.. |
10.4 |
12.1 |
11.0 |
10.6 |
10.9 |
4.5 |
10.9 |
16.3 |
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Unemployment rate (%) |
4.0 |
3.3 |
3.6 |
3.7 |
3.7 |
.. |
.. |
3.5 |
3.9 |
3.4 |
3.3 |
3.4 |
3.4 |
3.4 |
3.2 |
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Norminal wage (% change) |
5.7 |
11.5 |
9.4 |
6.5 |
6.4 |
.. |
.. |
5.7 |
5.5 |
5.6 |
.. |
4.1 |
6.0 |
.. |
.. |
| Real
wage growth (% change previous year) |
1.6 |
8.5 |
5.7 |
2.8 |
3.5 |
.. |
.. |
3.1 |
3.1 |
3.2 |
.. |
1.5 |
3.6 |
.. |
.. |
| Consumer price index
(% change, previous year) |
4.1 |
2.8 |
3.5 |
3.6 |
2.8 |
.. |
.. |
2.5 |
2.4 |
2.3 |
2.5 |
2.6 |
2.3 |
2.9 |
2.4 |
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Public Sector |
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Government balance (% GDP) 1/ |
0.6 |
2.3 |
2.7 |
2.3 |
2.1 |
.. |
.. |
.. |
.. |
.. |
.. |
.. |
.. |
.. |
.. |
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Consolidated central government debt (% GDP) 2/ |
35.3 |
33.4 |
32.6 |
33.5 |
36.4 |
.. |
.. |
.. |
.. |
.. |
.. |
.. |
.. |
.. |
.. |
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Foreign Trade, BOP and External Debt |
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| Trade balance ($US billion) 3/ |
9.3 |
10.3 |
15.0 |
29.4 |
23.2 |
.. |
.. |
6.1 |
1.5 |
5.0 |
2.5 |
2.0 |
.3 |
.3 |
1.9 |
| Exports of goods ($US billion) 3/ |
150.4 |
162.5 |
193.8 |
253.8 |
284.4 |
.. |
.. |
76.8 |
73.9 |
81.5 |
82.9 |
28.0 |
25.8 |
27.3 |
29.7 |
|
(% change, previous year) 3/ |
-12.7 |
8.0 |
19.3 |
31.0 |
12.0 |
.. |
.. |
11.4 |
10.6 |
16.9 |
16.6 |
17.9 |
11.1 |
17.0 |
21.3 |
| Imports of goods ($US billion) 3/ |
141.1 |
152.1 |
178.8 |
224.5 |
261.2 |
.. |
.. |
70.7 |
72.4 |
76.4 |
80.4 |
28.0 |
25.8 |
27.3 |
29.7 |
|
(% change, previous year) 3/ |
-12.1 |
7.8 |
17.6 |
25.5 |
16.4 |
.. |
.. |
14.6 |
19.5 |
20.0 |
21.4 |
22.0 |
18.6 |
22.9 |
22.6 |
| Current account balance ($US billion ) |
8.0 |
5.4 |
11.9 |
28.2 |
16.6 |
.. |
.. |
5.4 |
-1.1 |
.7 |
.3 |
.9 |
-.4 |
-.6 |
1.4 |
| (% GDP) |
1.7 |
1.0 |
1.8 |
4.1 |
2.1 |
.. |
.. |
2.5 |
-0.6 |
0.3 |
.. |
.. |
.. |
.. |
.. |
|
Foreign direct investment, net (US$ billion) 4/ |
1.1 |
-0.2 |
0.1 |
4.6 |
0.0 |
.. |
.. |
-0.1 |
-1.3 |
0.8 |
-3.7 |
0.1 |
-0.1 |
-0.7 |
-2.9 |
| Total external debt ($US billion) |
128.7 |
141.5 |
157.6 |
172.3 |
190.0 |
.. |
.. |
190.0 |
203.1 |
229.3 |
.. |
.. |
.. |
.. |
.. |
| (% GDP) |
26.7 |
25.8 |
25.9 |
25.3 |
24.1 |
.. |
.. |
22.2 |
25.7 |
26.2 |
.. |
.. |
.. |
.. |
.. |
| Short-term debt ($US billion) |
40.3 |
48.2 |
50.8 |
56.3 |
65.8 |
.. |
.. |
65.8 |
74.5 |
94.6 |
.. |
.. |
.. |
.. |
.. |
| Debt service ratio (%
exports of g&s) 5/ |
12.6 |
12.5 |
13.1 |
10.6 |
8.5 |
.. |
.. |
.. |
.. |
.. |
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.. |
.. |
.. |
.. |
| Usable reserves ($US billion) |
102.8 |
121.3 |
155.3 |
199.0 |
210.3 |
.. |
.. |
210.3 |
217.3 |
224.3 |
228.2 |
224.3 |
225.6 |
227.0 |
228.2 |
| (months of imports of goods and
services) |
7.2 |
7.9 |
8.6 |
8.8 |
8.0 |
.. |
.. |
7.5 |
7.4 |
7.4 |
7.0 |
7.2 |
7.4 |
6.8 |
6.8 |
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Financial Markets |
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| Domestic credit (% change, previous year) 6/ |
13.8 |
18.2 |
9.3 |
2.4 |
9.4 |
.. |
.. |
9.4 |
9.9 |
.. |
.. |
.. |
.. |
.. |
.. |
| Short-term interest rate 7/ |
4.7 |
4.2 |
4.0 |
3.6 |
3.3 |
.. |
.. |
3.5 |
3.9 |
4.0 |
4.4 |
4.2 |
4.2 |
4.4 |
4.5 |
| Exchange rate (end-period) |
1313.5 |
1186.2 |
1192.6 |
1035.1 |
1011.6 |
.. |
.. |
1011.6 |
971.6 |
948.9 |
946.2 |
948.9 |
955.2 |
961.5 |
946.2 |
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Real effective exchange rate (2000=100) ( + = appn) |
93.8 |
98.4 |
100.0 |
101.8 |
114.2 |
.. |
.. |
115.2 |
121.3 |
122.8 |
.. |
122.5 |
122.3 |
.. |
.. |
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(% change, previous year) |
-6.2 |
4.9 |
1.7 |
1.8 |
12.1 |
.. |
.. |
9.0 |
8.2 |
6.4 |
.. |
5.7 |
7.4 |
.. |
.. |
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Stock market index
(1/4/1980=100) |
693.7 |
627.6 |
810.7 |
895.9 |
1379.4 |
.. |
.. |
1379.4 |
1359.6 |
##### |
##### |
1295.2 |
##### |
1352.7 |
##### |
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Memo: GDP (US$ billion) |
481.8 |
548.7 |
608.5 |
682.1 |
787.4 |
.. |
.. |
214.2 |
197.9 |
219.1 |
.. |
.. |
.. |
.. |
.. |
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| p =
projection |
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| 1/ Consolidated central government. Includes Social Security Funds. Source:
IMF, Article IV, October 2006. |
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| 2/ Consolidated central government.
Includes government-guaranteed KDIC and KAMCO restructuring bonds. Source:
IMF, Article IV, October 2006. |
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| 3/ Trade figures are on a
customs-clearance basis. |
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| 4/ Foreign direct investment is on a net
basis as reported in the BOP. |
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| 5/ FDI commitments are reported by the
Ministry of Commerce, Industry and Energy. |
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| 5/ source: IMF |
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| 6/ source: IMF IFS |
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| 7/ Overnight repo rate (end-of-period). |
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