South Korea Business Confidence Growth

2004 - 2023 | Monthly | % Point | CEIC Data

Key information about South Korea Business Confidence Growth

  • South Korea Business Confidence dropped by 27.0 % in Mar 2023, compared with a decrease of 25.0 % YoY in the previous month.
  • South Korea Business Confidence: YoY Change is updated monthly, available from Feb 2004 to Mar 2023, with an averaged rate of -2.0 %.
  • The data reached an all-high of 51.0 % in Mar 2010 and a record low of -46.0 % in Jan 2009.

CEIC calculates Business Confidence Change from monthly Business Survey Index. The Bank of Korea provides Business Survey Index with range from 0 to 200 with neutral point 100. Business Confidence covers Manufacturing sector only.

View South Korea's Business Confidence Growth from Feb 2004 to Mar 2023 in the chart:

South Korea Business Confidence Growth

What was South Korea's Business Confidence Growth in Mar 2023?

South Korea Business Confidence dropped by 27.0 % in Mar 2023, compared with a decrease of 25.0 % YoY in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-27.0 Mar 2023 -25.0 Feb 2023 -46.0 Jan 2009 51.0 Mar 2010 % Point monthly Feb 2004 - Mar 2023

Business Confidence Growth by Country Comparison

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Includes Business Confidence Growth on 72 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (% Point) -9.5 Dec 2022 quarterly Jun 2017 - Dec 2022
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) -18.0 Feb 2023 monthly Jul 2013 - Feb 2023
Austria (% Point) -12.0 Feb 2023 monthly Jan 1986 - Feb 2023
Belarus (% Point) -9.6 Aug 2014 monthly Dec 2006 - Aug 2014
Belgium (% Point) -15.1 Feb 2023 monthly Jan 1981 - Feb 2023
Brazil (% Point) -11.6 Feb 2023 monthly Jan 2010 - Feb 2023
Bulgaria (% Point) 1.2 Feb 2023 monthly Jan 1994 - Feb 2023
Canada (% Point) -24.6 Feb 2023 monthly Dec 2001 - Feb 2023
Chile (% Point) -26.6 Feb 2023 monthly Nov 2004 - Feb 2023
China (% Point) 4.8 Feb 2023 monthly Jan 2006 - Feb 2023
Colombia (% Point) 0.0 Jan 2023 monthly Jan 1981 - Jan 2023
Croatia (% Point) 4.2 Feb 2023 monthly May 2009 - Feb 2023
Cyprus (% Point) -11.6 Feb 2023 monthly May 2003 - Feb 2023
Czech Republic (% Point) -9.8 Feb 2023 monthly Mar 1994 - Feb 2023
Denmark (% Point) -13.0 Feb 2023 monthly Jan 1999 - Feb 2023
Ecuador (%) 9.8 Dec 2022 monthly May 2008 - Dec 2022
Estonia (% Point) -27.7 Feb 2023 monthly May 2002 - Feb 2023
European Union (% Point) -13.2 Feb 2023 monthly Jan 1986 - Feb 2023
Finland (% Point) -27.5 Feb 2023 monthly Jan 1994 - Feb 2023
France (% Point) -14.1 Feb 2023 monthly Jan 1986 - Feb 2023
Georgia (% Point) 17.0 Mar 2023 quarterly Dec 2014 - Mar 2023
Germany (% Point) -21.0 Feb 2023 monthly Jan 1992 - Feb 2023
Ghana (%) -23.1 Dec 2022 monthly Dec 2013 - Dec 2022
Greece (% Point) -5.3 Feb 2023 monthly Jan 1986 - Feb 2023
Hong Kong SAR, China (% Point) 5.0 Mar 2023 quarterly Mar 2009 - Mar 2023
Hungary (% Point) -11.2 Feb 2023 monthly Jan 1997 - Feb 2023
Iceland (% Point) -80.8 Dec 2022 quarterly Dec 2003 - Dec 2022
India (% Point) -4.9 Mar 2023 quarterly Jun 2001 - Mar 2023
Indonesia (% Point) 3.0 Mar 2023 quarterly Mar 2011 - Mar 2023
Israel (% Point) 4.9 Feb 2023 monthly Jan 2016 - Feb 2023
Italy (% Point) -9.4 Feb 2023 monthly Jan 1986 - Feb 2023
Japan (% Point) -6.0 Mar 2023 quarterly Mar 2001 - Mar 2023
Kazakhstan (% Point) 1.0 Dec 2022 quarterly Mar 2009 - Dec 2022
South Korea (% Point) -27.0 Mar 2023 monthly Feb 2004 - Mar 2023
Latvia (% Point) -8.7 Feb 2023 monthly Apr 1994 - Feb 2023
Lithuania (% Point) -19.9 Feb 2023 monthly Apr 2004 - Feb 2023
Luxembourg (% Point) -23.2 Feb 2023 monthly Jan 1986 - Feb 2023
North Macedonia (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022
Malaysia (% Point) -36.1 Dec 2022 quarterly Mar 2004 - Dec 2022
Malta (% Point) -28.3 Feb 2023 monthly Nov 2003 - Feb 2023
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) -0.7 Feb 2023 monthly Jan 2005 - Feb 2023
Mozambique (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Netherlands (% Point) -4.8 Feb 2023 monthly Jan 1986 - Feb 2023
New Zealand (% Point) -2.1 Feb 2023 monthly Aug 2003 - Feb 2023
Nigeria (% Point) -3.4 Aug 2022 monthly Jul 2015 - Aug 2022
Norway (% Point) -18.3 Feb 2023 monthly Feb 2005 - Feb 2023
Palestinian Territory (% Point) 16.8 Feb 2023 monthly Apr 2014 - Feb 2023
Peru (% Point) -6.0 Feb 2023 monthly Apr 2003 - Feb 2023
Philippines (% Point) -26.1 Dec 2022 quarterly Jun 2002 - Dec 2022
Poland (% Point) -3.4 Feb 2023 monthly Jul 2006 - Feb 2023
Portugal (% Point) -5.5 Feb 2023 monthly Jan 1988 - Feb 2023
Qatar (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
Romania (% Point) -0.8 Feb 2023 monthly Jul 1992 - Feb 2023
Russia (% Point) 1.0 Feb 2023 monthly Jan 2006 - Feb 2023
Serbia (% Point) -4.2 Feb 2023 monthly May 2014 - Feb 2023
Singapore (% Point) -0.4 Feb 2023 monthly Jan 2000 - Feb 2023
Slovakia (% Point) -6.7 Feb 2023 monthly Jan 1994 - Feb 2023
Slovenia (% Point) -14.8 Feb 2023 monthly May 1996 - Feb 2023
South Africa (% Point) -18.9 Feb 2023 monthly Sep 2000 - Feb 2023
Spain (% Point) -10.4 Jan 2023 monthly Jan 1994 - Jan 2023
Sri Lanka (% Point) -35.8 Jan 2023 monthly May 2016 - Jan 2023
Sweden (% Point) -21.2 Feb 2023 monthly Jan 2002 - Feb 2023
Switzerland (% Point) -27.6 Feb 2023 monthly Jan 1996 - Feb 2023
Taiwan (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) 5.6 Feb 2023 monthly Feb 2000 - Feb 2023
Turkey (% Point) -7.5 Feb 2023 monthly Jan 2008 - Feb 2023
Ukraine (% Point) -35.7 Sep 2022 quarterly Sep 2013 - Sep 2022
United Kingdom (% Point) 8.4 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) -21.4 Feb 2023 monthly Jan 1949 - Feb 2023
Uruguay (% Point) -7.2 Jan 2023 monthly Oct 1999 - Jan 2023

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South Korea Key Series

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Includes 463 key indicators for South Korea, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.5 Sep 2022 quarterly Jun 2000 - Sep 2022
Consolidated Fiscal Balance (USD mn) -5,720.412 Nov 2022 monthly Jul 1999 - Nov 2022
Tax Revenue (USD mn) 34,511.317 Jan 2023 monthly Jan 2000 - Jan 2023
Tax Revenue: % of GDP (%) 14.2 Dec 2022 quarterly Mar 2000 - Dec 2022
National Government Debt (USD mn) 718,792.0 Sep 2022 quarterly Sep 2002 - Sep 2022
Government Debt: % of GDP (%) 48.1 Sep 2022 quarterly Sep 2002 - Sep 2022
Forecast: Government Expenditure (KRW bn) 698,483.480 2027 yearly 1995 - 2027
Forecast: Government Net Debt (KRW bn) 1,620,435.400 2027 yearly 1990 - 2027
Forecast: Government Revenue (KRW bn) 702,855.220 2027 yearly 1995 - 2027
National Debt (ND) (KRW bn) 970,700.000 2021 yearly 1997 - 2021
Central Govt Debt (KRW bn) 1,029,073.000 Sep 2022 quarterly Sep 2002 - Sep 2022
Central Govt Debt: Foreign (KRW bn) 11,985.000 Jun 2022 quarterly Dec 2002 - Jun 2022
Central Govt Debt: Short-Term (KRW bn) 0.000 Sep 2022 quarterly Sep 2002 - Sep 2022
Central Govt Debt: Domestic (KRW bn) 1,015,964.600 Sep 2022 quarterly Dec 2002 - Sep 2022
Central Govt Debt: Medium & Long Term (KRW bn) 1,029,008.000 Sep 2022 quarterly Sep 2002 - Sep 2022
Public Sector Debt (KRW bn) 1,427,300.000 2021 yearly 2011 - 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.495 2027 yearly 1980 - 2027
Trade Balance (USD mn) -5,304.0 Feb 2023 monthly Jan 1957 - Feb 2023
Total Exports (USD mn) 50,100.0 Feb 2023 monthly Jan 1966 - Feb 2023
Total Exports Growth (%) -7.5 Feb 2023 monthly Jan 1967 - Feb 2023
Aluminum: Exports (USD th) 3,963,640.310 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 1,047,992.267 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 4,845,665.680 2021 yearly 1995 - 2021
Total Imports (USD mn) 55,404.0 Feb 2023 monthly Jan 1966 - Feb 2023
Total Imports Growth (%) 3.5 Feb 2023 monthly Jan 1967 - Feb 2023
Imports: Medicament (USD th) 4,549,717.568 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 3,847,191.209 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 9,015.696 Feb 2023 monthly Apr 1964 - Feb 2023
Total Imports from USA (USD mn) 6,023.000 Feb 2023 monthly Apr 1964 - Feb 2023
Total Exports to China (USD mn) 9,881.000 Feb 2023 monthly Jan 1988 - Feb 2023
Total Imports from China (USD mn) 11,019.000 Feb 2023 monthly Jan 1988 - Feb 2023
Trade Balance: First 10 days (USD mn) -4,959.575 Feb 2023 monthly Jan 2016 - Feb 2023
Imports: First 10 days (USD mn) 22,565.379 Feb 2023 monthly Jan 2016 - Feb 2023
Exports: First 10 days (USD mn) 17,604.387 Feb 2023 monthly Jan 2016 - Feb 2023
Imports: Natural Gas: Quantity (Ton th) 4,552.00 Feb 2018 monthly Nov 1990 - Feb 2018
Motor Vehicle: Exports (Unit) 222,934.000 Feb 2023 monthly Jan 1981 - Feb 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,765.5 Jan 2023 monthly Jan 1980 - Jan 2023
Current Account Balance (USD mn) 270.2 Jan 2023 monthly Jan 1980 - Jan 2023
Current Account Balance: % of GDP (USD mn) 2,271.5 Dec 2022 monthly Jan 1980 - Dec 2022
Foreign Direct Investment (USD mn) 1,172.9 Jan 2023 monthly Jan 1980 - Jan 2023
Foreign Direct Investment: % of GDP (%) 1.0 Dec 2022 quarterly Mar 1980 - Dec 2022
Foreign Portfolio Investment (USD mn) 1,984.800 Dec 2022 quarterly Mar 1980 - Dec 2022
Foreign Portfolio Investment: % of GDP (%) 0.5 Dec 2022 quarterly Mar 1980 - Dec 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 4,747.1 Dec 2022 quarterly Mar 1980 - Dec 2022
Foreign Portfolio Investment: Debt Securities (USD mn) -2,762.300 Dec 2022 quarterly Mar 1980 - Dec 2022
External Debt (USD mn) 664,502.9 Dec 2022 quarterly Dec 1994 - Dec 2022
External Debt: % of GDP (%) 39.9 2022 yearly 1994 - 2022
External Debt: Short Term (USD mn) 166,721.1 Dec 2022 quarterly Dec 1994 - Dec 2022
External Debt: Short Term: % of GDP (%) 10.0 2022 yearly 1994 - 2022
Total Debt: % of GDP (%) 762.3 Sep 2022 quarterly Dec 2008 - Sep 2022
Forecast: Current Account Balance (USD bn) 94.420 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 746,556.600 Dec 2022 quarterly Dec 1994 - Dec 2022
BoP: CA: G&S: Goods: Exports fob (USD mn) 53,778.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: Goods: Imports fob (USD mn) 42,392.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: Services (SV) (USD mn) -2,093.900 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: SV: Credit (USD mn) 8,183.800 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: SV: Debit (USD mn) 10,277.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: Secondary Incomes: Credit (USD mn) 873.600 May 2018 monthly Jan 1980 - May 2018
BoP: CA: Secondary Incomes: Debit (USD mn) 1,713.900 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: Direct Investment (DI) (USD mn) 6,056.900 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: DI: Direct Investment Assets (USD mn) 6,294.200 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: Portfolio Investment (PI) (USD mn) 407.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: PI: Portfolio Investment Asset (PIA) (USD mn) 3,416.100 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: PI: Portfolio Investment Liabilities (PIL) (USD mn) 3,008.700 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: Financial Derivatives (FD) (USD mn) -484.100 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: FD: Assets (USD mn) -4,690.900 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: FD: Liabilities (USD mn) -4,206.800 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: Other Investment (OI) (USD mn) -2,828.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: OI: Other Investment Assets (OIA) (USD mn) 4,833.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: OI: Other Investment Liabilities (OIL) (USD mn) 7,661.800 May 2018 monthly Jan 1980 - May 2018
BoP: sa: CA: Primary Income: Credit (USD mn) 9,215.000 Jan 2023 monthly Jan 1980 - Jan 2023
BoP: sa: CA: Secondary Income: Credit (USD mn) 1,029.600 Dec 2022 monthly Jan 1980 - Dec 2022
BoP: sa: CA: G&S: Goods: Imports fob (USD mn) 52,436.200 Dec 2022 monthly Jan 1980 - Dec 2022
BoP: sa: CA: G&S: Services: Debit (USD mn) 11,201.400 Jan 2023 monthly Jan 1980 - Jan 2023
BoP: sa: CA: G&S: Goods (USD mn) -3,390.400 Jan 2023 monthly Jan 1980 - Jan 2023
BoP: sa: CA: G&S: Goods: Exports fob (USD mn) 52,640.400 Dec 2022 monthly Jan 1980 - Dec 2022
BoP: sa: CA: G&S: Services (USD mn) -2,513.300 Jan 2023 monthly Jan 1980 - Jan 2023
BoP: sa: CA: Primary Income (USD mn) 6,335.400 Jan 2023 monthly Jan 1980 - Jan 2023
BoP: sa: CA: Secondary Income: Debit (USD mn) 1,000.700 Dec 2022 monthly Jan 1980 - Dec 2022
BoP: sa: CA: Primary Income: Debit (USD mn) 3,625.000 Dec 2022 monthly Jan 1980 - Dec 2022
BoP: sa: CA: Secondary Income (USD mn) -161.500 Jan 2023 monthly Jan 1980 - Jan 2023
BoP: sa: CA: G&S: Services: Credit (USD mn) 11,035.800 Dec 2022 monthly Jan 1980 - Dec 2022
International Investment Position: Liabilities (USD mn) 1,296,851.400 Sep 2022 quarterly Dec 1994 - Sep 2022
International Investment Position: Net (USD mn) 746,556.600 Dec 2022 quarterly Dec 1994 - Dec 2022
International Investment Position: Assets (USD mn) 2,127,100.800 Dec 2022 quarterly Dec 1994 - Dec 2022
External Debt: Gross: Long Term (LT) (USD mn) 497,781.800 Dec 2022 quarterly Dec 1994 - Dec 2022
Outward Direct Investment: Total Invested: Hong Kong (USD mn) 53.775 Jun 2022 monthly Jan 1981 - Jun 2022
ODI: Total Invested: Financing and Insurance (USD mn) 1,773.465 Jun 2022 monthly Feb 1981 - Jun 2022
ODI: Total Invested: Real Estate (USD mn) 725,563.42 Jun 2018 monthly Dec 1980 - Jun 2018
Smalll Business Health Index (SBHI): Economic Outlook (EO) (Index) 79.300 Nov 2022 monthly Jan 2015 - Nov 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.3 Sep 2022 quarterly Jun 2001 - Sep 2022
Household Debt: % of GDP (%) 108.5 Sep 2022 quarterly Dec 2002 - Sep 2022
Non-Performing Loans (USD mn) 5,364.993 Sep 2022 quarterly Jun 2001 - Sep 2022
Money Supply M1 (USD mn) 946,544.911 Nov 2022 monthly Jan 1970 - Nov 2022
Money Supply M2 (USD mn) 2,948,555.524 Dec 2022 monthly Jan 1970 - Dec 2022
M2 Growth (%) 3.9 Jan 2023 monthly Jan 1971 - Jan 2023
Reserve Requirement Ratio (%) 7.0 Feb 2023 monthly Nov 1979 - Feb 2023
Foreign Exchange Reserves (USD mn) 401,243.8 Feb 2023 monthly Dec 1956 - Feb 2023
Foreign Exchange Reserves: % of GDP (%) 7.000 Feb 2023 monthly Nov 1979 - Feb 2023
Foreign Exchange Reserves: Months of Import (NA) 7.2 Feb 2023 monthly Jan 1971 - Feb 2023
Gold Reserves (USD mn) 4,794.759 Feb 2023 monthly Dec 1956 - Feb 2023
Total Deposits (USD mn) 1,956,993.049 Dec 2022 monthly Sep 1992 - Dec 2022
Total Deposits Growth (%) 4.3 Jan 2023 monthly Sep 1993 - Jan 2023
Domestic Credit (USD mn) 3,558,146.5 Jan 2023 monthly Dec 2001 - Jan 2023
Domestic Credit Growth (%) 6.8 Jan 2023 monthly Dec 2002 - Jan 2023
Debt Service Ratio: Households (%) 13.700 Sep 2022 quarterly Mar 1999 - Sep 2022
Debt Service Ratio: Private Non-Financial Sector (%) 21.600 Jun 2022 quarterly Mar 1999 - Jun 2022
Credit to Households (USD bn) 1,570.233 Sep 2022 quarterly Dec 1962 - Sep 2022
Credit to Private Non-Financial Sector (USD bn) 3,627.953 Jun 2022 quarterly Dec 1962 - Jun 2022
Household Debt (USD mn) 1,622,355.0 Sep 2022 quarterly Dec 2002 - Sep 2022
Total Loans (USD mn) 1,718,691.854 Dec 2022 monthly Jan 1965 - Dec 2022
Total Loans Growth (%) 5.17 Jan 2023 monthly Jan 1966 - Jan 2023
Private Debt: % of Nominal GDP (%) 176.74 Dec 2022 quarterly Mar 1991 - Dec 2022
Money Supply: New M2: Certificate of Deposit (KRW bn) 24,533.00 Mar 2018 monthly Jun 1984 - Mar 2018
Money Supply: New M1: sa (KRW bn) 1,209,154.200 Dec 2022 monthly Jan 1970 - Dec 2022
Money Supply: New M2: sa (KRW bn) 3,715,710.700 Dec 2022 monthly Jan 1970 - Dec 2022
Deposits: CSB: Households (KRW bn) 614,344.50 Mar 2018 monthly Jan 1975 - Mar 2018
Deposits: CSB: Corporations (KRW bn) 396,621.30 Mar 2018 monthly Jan 1975 - Mar 2018
Loans of CSBs: CH: Corporate (KRW bn) 796,021.70 Mar 2018 monthly Dec 2006 - Mar 2018
Loans of Commercial and Specialized Banks (CSB): Total (KRW bn) 1,525,815.40 Mar 2018 monthly Jan 1965 - Mar 2018
KR: Non-performing Loans (NPL): Commercial & Specialized Banks (KRW bn) 12,186.500 Dec 2018 quarterly Jun 2001 - Dec 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -27.0 Mar 2023 monthly Feb 2004 - Mar 2023
Busniess Survey Index: Forecast: Manufacturing: sa (NA) 81.000 Jul 2018 monthly Feb 2003 - Jul 2018
Business Survey Index: Forecast: Non-manufacturing: sa (NA) 81.000 Jul 2018 monthly Feb 2003 - Jul 2018
BSI: Forecast: BC: Services (NA) 81.000 Jul 2018 monthly Sep 2009 - Jul 2018
Business Survey Index: Actual: Manufacturing: sa (NA) 79.000 Jun 2018 monthly Jan 2003 - Jun 2018
Business Survey Index: Actual: Non-manufacturing: sa (NA) 79.000 Jun 2018 monthly Jan 2003 - Jun 2018

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