South Korea Forecast: Employment

1980 - 2024 | Yearly | Person mn | International Monetary Fund

Key information about South Korea Employment Forecast

  • South Korea Employment is forecasted to be 28.727 Person mn in Dec 2024 as reported by International Monetary Fund
  • It records an increase from the last reported number of 28.274 Person mn in Dec 2023
  • Looking ahead, South Korea Employment is projected to stand at 28.727 Person mn in Dec 2024
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Employment

View South Korea's Forecast: Employment from 1980 to 2024 in the chart:

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South Korea Forecast: Employment
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South Korea Forecast: Employment

What is South Korea's Forecast: Employment in 2024?

South Korea Employment is forecasted to be 28.727 Person mn in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
28.727 2024 28.274 2023 13.520 1980 28.727 2024 Person mn yearly 1980 - 2024

Forecast: Employment by Country Comparison

country/region Last Frequency Range
Andorra (Person mn) 0.056 2026 yearly 2010 - 2026
Andorra (Person mn) 0.056 2026 yearly 2010 - 2026
Australia (Person mn) 13.897 2024 yearly 1980 - 2024
Austria (Person mn) 4.488 2027 yearly 1980 - 2027
Belgium (Person mn) 5.189 2024 yearly 1980 - 2024
Canada (Person mn) 21.232 2027 yearly 1980 - 2027
Croatia (Person mn) 1.777 2027 yearly 1991 - 2027
Cyprus (Person mn) 0.447 2024 yearly 1981 - 2024
Czech Republic (Person mn) 5.237 2027 yearly 1995 - 2027
Denmark (Person mn) 2.944 2024 yearly 1980 - 2024
Estonia (Person mn) 0.696 2027 yearly 1993 - 2027
Finland (Person mn) 2.620 2027 yearly 1980 - 2027
France (Person mn) 29.196 2027 yearly 1980 - 2027
Germany (Person mn) 42.367 2024 yearly 1980 - 2024
Greece (Person mn) 4.132 2024 yearly 1980 - 2024
Guatemala (Person mn) 0.000 yearly -
Hong Kong SAR, China (Person mn) 3.656 2024 yearly 1980 - 2024
Iceland (Person mn) 0.224 2024 yearly 1980 - 2024
Ireland (Person mn) 2.911 2027 yearly 1986 - 2027
Israel (Person mn) 4.411 2024 yearly 1980 - 2024
Italy (Person mn) 23.903 2027 yearly 1980 - 2027
Japan (Person mn) 67.598 2024 yearly 1980 - 2024
South Korea (Person mn) 28.727 2024 yearly 1980 - 2024
Latvia (Person mn) 0.888 2027 yearly 1992 - 2027
Lithuania (Person mn) 1.461 2027 yearly 1999 - 2027
Luxembourg (Person mn) 0.519 2024 yearly 1980 - 2024
Macau SAR, China (Person mn) 0.411 2027 yearly 2001 - 2027
North Macedonia (Person mn) 0.000 yearly -
Malta (Person mn) 0.346 2027 yearly 1983 - 2027
Netherlands (Person mn) 9.592 2024 yearly 1980 - 2024
New Zealand (Person mn) 2.985 2027 yearly 1980 - 2027
Nicaragua (Person mn) 0.000 yearly -
Norway (Person mn) 2.954 2027 yearly 1980 - 2027
Portugal (Person mn) 5.587 2027 yearly 1980 - 2027
Puerto Rico (Person mn) 1.072 2026 yearly 1980 - 2026
San Marino (Person mn) 0.022 2013 yearly 2001 - 2013
Singapore (Person mn) 3.833 2024 yearly 1980 - 2024
Slovakia (Person mn) 2.408 2027 yearly 1993 - 2027
Slovenia (Person mn) 1.092 2024 yearly 1992 - 2024
Spain (Person mn) 20.671 2024 yearly 1980 - 2024
Sweden (Person mn) 5.183 2024 yearly 1980 - 2024
Switzerland (Person mn) 5.238 2024 yearly 1980 - 2024
Taiwan, China (Person mn) 11.386 2024 yearly 1980 - 2024
Thailand (Person mn) 0.000 yearly -
United Kingdom (Person mn) 34.811 2027 yearly 1980 - 2027
United States (Person mn) 159.103 2024 yearly 1980 - 2024

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South Korea Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.8 Dec 2025 quarterly Jun 2000 - Dec 2025
Consolidated Fiscal Balance (USD mn) -10,533.253 Mar 2026 monthly Jul 1999 - Mar 2026
Tax Revenue (USD mn) 37,269.232 Apr 2026 monthly Jan 2000 - Apr 2026
Tax Revenue: % of GDP (%) 11.9 Dec 2025 quarterly Mar 2000 - Dec 2025
National Government Debt (USD mn) 855,595.7 Mar 2026 quarterly Sep 2002 - Mar 2026
Government Debt: % of GDP (%) 47.6 Dec 2025 quarterly Sep 2002 - Dec 2025
Forecast: Government Expenditure (KRW bn) 827,278.828 2031 yearly 1995 - 2031
Forecast: Government Net Debt (KRW bn) 2,147,968.047 2031 yearly 1990 - 2031
Forecast: Government Revenue (KRW bn) 790,574.286 2031 yearly 1995 - 2031
Central Govt Debt: Foreign (KRW bn) 29,513.000 Dec 2025 quarterly Dec 2002 - Dec 2025
Central Govt Debt: Domestic (KRW bn) 1,238,623.000 Dec 2025 quarterly Dec 2002 - Dec 2025
Central Govt Debt (KRW bn) 1,268,136.000 Dec 2025 quarterly Sep 2002 - Dec 2025
Central Govt Debt: Short-Term (KRW bn) 0.000 Dec 2025 quarterly Sep 2002 - Dec 2025
Central Govt Debt: Medium & Long Term (KRW bn) 1,268,011.000 Dec 2025 quarterly Sep 2002 - Dec 2025
Central Govt Debt (KRW bn) 1,303,500.000 Mar 2026 monthly Jan 2014 - Mar 2026
National Debt (ND) (KRW bn) 1,304,500.000 2025 yearly 1997 - 2025
Public Sector Debt (KRW bn) 1,738,600.000 2024 yearly 2011 - 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.883 2031 yearly 1980 - 2031
Trade Balance (USD mn) 26,949.0 May 2026 monthly Jan 1966 - May 2026
Total Exports (USD mn) 87,747.0 May 2026 monthly Jan 1966 - May 2026
Total Exports Growth (%) 53.2 May 2026 monthly Jan 1967 - May 2026
Aluminum: Exports (USD th) 4,077,735.241 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 1,147,102.059 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 7,110,069.105 2024 yearly 1995 - 2024
Total Imports (USD mn) 60,798.0 May 2026 monthly Jan 1966 - May 2026
Total Imports Growth (%) 20.8 May 2026 monthly Jan 1967 - May 2026
Imports: Medicament (USD th) 5,217,206.379 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 4,873,321.475 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 15,972.000 May 2026 monthly Apr 1964 - May 2026
Total Imports from USA (USD mn) 8,343.574 Apr 2026 monthly Apr 1964 - Apr 2026
Total Exports to China (USD mn) 18,895.000 May 2026 monthly Jan 1988 - May 2026
Total Imports from China (USD mn) 15,587.740 Apr 2026 monthly Jan 1988 - Apr 2026
Motor Vehicle: Exports (Unit) 230,072.000 May 2026 monthly Jan 1981 - May 2026
Trade Balance: First 10 days (USD mn) 1,697.600 May 2026 monthly Jan 2016 - May 2026
Imports: First 10 days (USD mn) 16,736.831 May 2026 monthly Jan 2016 - May 2026
Exports: First 10 days (USD mn) 18,434.431 May 2026 monthly Jan 2016 - May 2026
Imports: Middle East: Qatar (USD th) 27,491.000 Apr 2026 monthly Jan 1993 - Apr 2026
Imports: Natural Gas: Quantity (Ton th) 4,552.00 Feb 2018 monthly Nov 1990 - Feb 2018
Crude Oil: Inventory (Barrel th) 38,109.000 Apr 2026 monthly Jan 2021 - Apr 2026
Export Value Index (2015=100) 120.000 2023 yearly 1980 - 2023
Import Value Index (2015=100) 147.200 2023 yearly 1980 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 6,239.5 Apr 2026 monthly Jan 1980 - Apr 2026
Current Account Balance (USD mn) 33,394.4 Apr 2026 monthly Jan 1980 - Apr 2026
Current Account Balance: % of GDP (USD mn) 33,394.4 Apr 2026 monthly Jan 1980 - Apr 2026
Foreign Direct Investment (USD mn) 1,801.0 Sep 2025 monthly Jan 1980 - Sep 2025
Foreign Direct Investment: % of GDP (%) 1.4 Dec 2025 quarterly Mar 1980 - Dec 2025
Foreign Portfolio Investment (USD mn) -41,291.800 Mar 2026 quarterly Mar 1980 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) 3.3 Dec 2025 quarterly Mar 1980 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -42,374.7 Mar 2026 quarterly Mar 1980 - Mar 2026
Foreign Portfolio Investment: Debt Securities (USD mn) 1,082.900 Mar 2026 quarterly Mar 1980 - Mar 2026
External Debt (USD mn) 774,390.2 Mar 2026 quarterly Dec 1994 - Mar 2026
External Debt: % of GDP (%) 41.1 2025 yearly 1994 - 2025
External Debt: Short Term (USD mn) 183,556.1 Mar 2026 quarterly Dec 1994 - Mar 2026
External Debt: Short Term: % of GDP (%) 9.6 2025 yearly 1994 - 2025
Total Debt: % of GDP (%) 715.2 Dec 2025 quarterly Dec 2008 - Dec 2025
Forecast: Current Account Balance (USD bn) 128.680 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) 753,551.000 Mar 2026 quarterly Dec 1994 - Mar 2026
BoP: sa: CA: Primary Income: Credit (USD mn) 6,476.000 Apr 2026 monthly Jan 1980 - Apr 2026
BoP: sa: CA: Secondary Income: Credit (USD mn) 904.000 Apr 2026 monthly Jan 1980 - Apr 2026
BoP: sa: CA: G&S: Goods (USD mn) 34,299.100 Apr 2026 monthly Jan 1980 - Apr 2026
BoP: sa: CA: G&S: Services: Debit (USD mn) 16,556.700 Apr 2026 monthly Jan 1980 - Apr 2026
BoP: sa: CA: Secondary Income (USD mn) -638.500 Apr 2026 monthly Jan 1980 - Apr 2026
BoP: sa: CA: G&S: Goods: Exports fob (USD mn) 89,921.600 Apr 2026 monthly Jan 1980 - Apr 2026
BoP: sa: CA: G&S: Services (USD mn) -2,697.000 Apr 2026 monthly Jan 1980 - Apr 2026
BoP: sa: CA: Primary Income: Debit (USD mn) 4,045.200 Apr 2026 monthly Jan 1980 - Apr 2026
BoP: sa: CA: Primary Income (USD mn) 2,430.800 Apr 2026 monthly Jan 1980 - Apr 2026
BoP: sa: CA: G&S: Services: Credit (USD mn) 13,859.700 Apr 2026 monthly Jan 1980 - Apr 2026
BoP: sa: CA: Secondary Income: Debit (USD mn) 1,542.500 Apr 2026 monthly Jan 1980 - Apr 2026
BoP: sa: CA: G&S: Goods: Imports fob (USD mn) 55,622.500 Apr 2026 monthly Jan 1980 - Apr 2026
External Debt: Gross: Long Term (LT) (USD mn) 590,834.100 Mar 2026 quarterly Dec 1994 - Mar 2026
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
Outward Direct Investment: Total Invested: Vietnam (USD mn) 461.100 Dec 2025 monthly Jan 1981 - Dec 2025
Outward Direct Investment: Total Invested (USD mn) 9,541.344 Dec 2025 monthly Jan 1981 - Dec 2025
Outward Direct Investment: Total Invested: USA (USD mn) 3,777.189 Dec 2025 monthly Jan 1981 - Dec 2025
Outward Direct Investment: Total Invested: Indonesia (USD mn) 250.811 Dec 2025 monthly Jan 1981 - Dec 2025
Outward Direct Investment: Total Invested: Hong Kong (USD mn) 16.910 Dec 2025 monthly Jan 1981 - Dec 2025
Outward Direct Investment: Total Invested: China (USD mn) 709.971 Dec 2025 monthly Jan 1981 - Dec 2025
ODI: Total Invested: Manufacturing (USD mn) 3,272.254 Dec 2025 monthly Jan 1981 - Dec 2025
ODI: Total Invested: Financing and Insurance (USD mn) 4,212.296 Dec 2025 monthly Jan 1981 - Dec 2025
ODI: Total Invested: Wholesale and Retail sales (USD mn) 559.894 Dec 2025 monthly Jan 1981 - Dec 2025
ODI: Total Invested: Mining (USD mn) 163.060 Dec 2025 monthly Jan 1981 - Dec 2025
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) 73.500 Apr 2026 monthly Jan 2015 - Apr 2026
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 Dec 2025 quarterly Jun 2001 - Dec 2025
Household Debt: % of GDP (%) 91.7 Dec 2025 quarterly Dec 2002 - Dec 2025
Non-Performing Loans (USD mn) 9,124.918 Dec 2025 quarterly Jun 2001 - Dec 2025
Money Supply M1 (USD mn) 903,070.889 Mar 2026 monthly Jan 1970 - Mar 2026
Money Supply M2 (USD mn) 2,703,046.012 Mar 2026 monthly Jan 1970 - Mar 2026
M2 Growth (%) 5.3 Mar 2026 monthly Jan 1971 - Mar 2026
Reserve Requirement Ratio (%) 7.0 May 2026 monthly Nov 1979 - May 2026
Foreign Exchange Reserves (USD mn) 402,027.6 May 2026 monthly Dec 1956 - May 2026
Foreign Exchange Reserves: % of GDP (%) 7.000 May 2026 monthly Nov 1979 - May 2026
Foreign Exchange Reserves: Months of Import (NA) 6.6 May 2026 monthly Jan 1971 - May 2026
Gold Reserves (USD mn) 4,794.932 May 2026 monthly Dec 1956 - May 2026
Total Deposits (USD mn) 1,845,064.785 Mar 2026 monthly Sep 1992 - Mar 2026
Total Deposits Growth (%) 5.2 Mar 2026 monthly Sep 1993 - Mar 2026
Domestic Credit (USD mn) 3,163,040.2 Mar 2026 monthly Dec 2001 - Mar 2026
Domestic Credit Growth (%) 5.6 Mar 2026 monthly Dec 2002 - Mar 2026
Debt Service Ratio: Households (%) 11.300 Sep 2025 quarterly Mar 1999 - Sep 2025
Debt Service Ratio: Private Non-Financial Sector (%) 19.800 Sep 2025 quarterly Mar 1999 - Sep 2025
Credit to Households (USD bn) 1,668.962 Sep 2025 quarterly Dec 1962 - Sep 2025
Credit to Private Non-Financial Sector (USD bn) 3,740.057 Sep 2025 quarterly Dec 1962 - Sep 2025
Household Debt (USD mn) 1,776,837.2 Jun 2025 quarterly Dec 2002 - Jun 2025
Total Loans (USD mn) 1,651,222.251 Mar 2026 monthly Jan 1965 - Mar 2026
Total Loans Growth (%) 4.33 Mar 2026 monthly Jan 1966 - Mar 2026
Private Debt: % of Nominal GDP (%) 140.77 Dec 2025 quarterly Mar 1991 - Dec 2025
Money Supply: New M2: Certificate of Deposit (KRW bn) 24,533.00 Mar 2018 monthly Jun 1984 - Mar 2018
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
Loans of CSBs: CH: Household (KRW tn) 1,174.900 Apr 2026 monthly Dec 2013 - Apr 2026
Loans of CSBs: Corporate and Household (CH) (KRW tn) 2,572.600 Apr 2026 monthly Dec 2013 - Apr 2026
Loans of CSBs: CH: Household: Mortgage (KRW tn) 937.600 Apr 2026 monthly Dec 2013 - Apr 2026
Deposits: Total: YoY (% bn) 5.200 Mar 2026 monthly Sep 1993 - Mar 2026
Deposits: Total: MoM (% bn) -0.100 Mar 2026 monthly Oct 1992 - Mar 2026
Loans of Commercial & Specialized Banks (CSB): YoY (% bn) 4.300 Mar 2026 monthly Jan 1965 - Mar 2026
Loans of Commercial & Specialized Banks (CSB): MoM (% bn) 0.400 Mar 2026 monthly Jan 1965 - Mar 2026
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) 9.0 Jun 2026 monthly Feb 2004 - Jun 2026
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

More Indicators for South Korea

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