hosted by
funded by
Country Report South Korea March 2011
PDF
HTMLOutlook for 2011-15: Forecast summary
| Forecast summary | ||||||
| (% unless otherwise indicated) | ||||||
| 2010a | 2011b | 2012b | 2013b | 2014b | 2015b | |
| Real GDP growth | 6.1 | 4.6 | 4.1 | 3.9 | 3.8 | 4.1 |
| Industrial production growth | 16.6 | 7.1 | 6.8 | 7.1 | 5.7 | 5.7 |
| Gross fixed investment growth | 6.5 | 5.2 | 3.9 | 3.9 | 3.8 | 3.9 |
| Unemployment rate (av) | 3.7 | 3.3 | 3.0 | 2.7 | 2.6 | 2.3 |
| Consumer price inflation (av) | 3.0 | 4.2 | 3.3 | 3.0 | 3.1 | 2.9 |
| Consumer price inflation (end-period) | 3.5 | 4.3 | 3.1 | 3.0 | 3.0 | 3.5 |
| Short-term interbank rate | 5.5 | 5.9 | 6.3 | 6.8 | 7.4 | 7.5 |
| Government balance (% of GDP) | 1.2c | 1.0 | 1.4 | 1.5 | 1.7 | 1.4 |
| Exports of goods fob (US$ bn) | 464.3c | 570.0 | 605.3 | 642.6 | 693.3 | 743.2 |
| Imports of goods fob (US$ bn) | -422.4c | -534.7 | -570.3 | -608.1 | -660.9 | -713.1 |
| Current-account balance (US$ bn) | 28.2c | 24.3 | 21.9 | 21.0 | 17.6 | 15.0 |
| Current-account balance (% of GDP) | 2.8c | 2.1 | 1.8 | 1.6 | 1.2 | 1.0 |
| External debt (end-period; US$ bn) | 375.0c | 394.5 | 409.1 | 431.6 | 455.8 | 483.0 |
| Exchange rate W:US$ (av) | 1,156 | 1,111 | 1,098 | 1,086 | 1,068 | 1,065 |
| Exchange rate W:US$ (end-period) | 1,135 | 1,104 | 1,092 | 1,077 | 1,066 | 1,063 |
| Exchange rate W:¥100 (av) | 1,314 | 1,348 | 1,332 | 1,341 | 1,300 | 1,275 |
| Exchange rate W:€ (av) | 1,533 | 1,389 | 1,317 | 1,281 | 1,238 | 1,246 |
| a Actual. b Economist Intelligence Unit forecasts. c Economist Intelligence Unit estimates. | ||||||
Download the numbers in Excel
© 2011 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information