Nominal GDP for South Korea was ₩2,072tn in 2021, down from ₩1,933tn in 2020. The South Korean population was estimated at 51.8m in 2021 according to the IMF, while China is South Korea’s biggest trading partner.
Variables Surveyed for South Korea
Variables covered in our monthly analysis of South Korea include:
Consensus Forecasts for South Korea
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters” including the Asian Development Bank, Bank of Korea, IMF and OECD. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.
Source: Asia Pacific Conensus Forecasts, September 2022