South Korea: Country forecast summary

Content Type
Country Data and Maps
Institution
Economist Intelligence Unit
Abstract
No abstract is available.
Topic
Summary, Economy, 5-year summary, Key indicators
Political Geography
South Korea

Country forecast overview: Key indicators

Key indicators 2020 2021 2022 2023 2024 2025
Real GDP growth (%) -0.9 3.3 2.7 2.7 3.0 2.8
Consumer price inflation (av; %) 0.5 1.5 1.9 1.6 1.7 1.5
Budget balance (% of GDP) -5.2 -4.7 -3.7 -3.1 -2.8 -2.5
Current-account balance (% of GDP) 4.6 4.5 4.2 4.2 3.9 3.8
Commercial banks' prime rate (av; %) 2.8 2.7 3.3 3.6 3.8 3.9
Exchange rate W:US$ (av) 1,180 1,126 1,122 1,134 1,142 1,137
Exchange rate W:¥100 (av) 1,105 1,066 1,067 1,059 1,050 1,054

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