South Korea Forecast: Unemployment Rate

1980 - 2030 | Yearly | % | International Monetary Fund

Key information about South Korea Unemployment Rate Forecast

  • South Korea Unemployment Rate is forecasted to be 3.000 % in Dec 2026 as reported by International Monetary Fund
  • It records no change from the last reported number of 3.000 % in Dec 2025
  • Looking ahead, South Korea Unemployment Rate is projected to stand at 2.800 % in Dec 2030
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Unemployment Rate

View South Korea's Forecast: Unemployment Rate from 1980 to 2030 in the chart:

South Korea Forecast: Unemployment Rate

What is South Korea's Forecast: Unemployment Rate in 2030?

South Korea Unemployment Rate is forecasted to be 3.000 % in Dec 2026 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.800 2030 2.800 2029 2.058 1996 6.950 1998 % yearly 1980 - 2030

Forecast: Unemployment Rate by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 8.800 2030 yearly 1980 - 2030
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 2.000 2030 yearly 2010 - 2030
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 6.000 2030 yearly 1980 - 2030
Armenia (%) 14.000 2030 yearly 2001 - 2030
Aruba (%) 4.823 2030 yearly 1986 - 2030
Australia (%) 4.452 2030 yearly 1980 - 2030
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 5.041 2030 yearly 2000 - 2030
Bahamas (%) 9.029 2030 yearly 1986 - 2030
Bahrain (%) 5.900 2024 yearly 2007 - 2024
Bangladesh (%) 0.000 yearly -
Barbados (%) 7.675 2030 yearly 1981 - 2030
Belarus (%) 2.889 2030 yearly 1993 - 2030
Belgium (%) 5.800 2030 yearly 1980 - 2030
Belize (%) 2.600 2030 yearly 1990 - 2030
Benin (%) 0.000 yearly -
Bhutan (%) 3.500 2023 yearly 2003 - 2023
Bolivia (%) 5.100 2026 yearly 2000 - 2026
Bosnia and Herzegovina (%) 13.200 2030 yearly 1995 - 2030
Botswana (%) 0.000 yearly -
Brazil (%) 7.400 2030 yearly 1991 - 2030
Brunei (%) 4.900 2030 yearly 2011 - 2030
Bulgaria (%) 4.000 2030 yearly 1989 - 2030
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 6.007 2030 yearly 1980 - 2030
Cape Verde (%) 8.500 2030 yearly 1980 - 2030
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.500 2030 yearly 1980 - 2030
China (%) 5.100 2030 yearly 2017 - 2030
Colombia (%) 9.400 2030 yearly 1980 - 2030
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 8.500 2030 yearly 1980 - 2030
Croatia (%) 5.244 2030 yearly 1991 - 2030
Cyprus (%) 4.962 2030 yearly 1982 - 2030
Czech Republic (%) 2.300 2028 yearly 1995 - 2028
Democratic Republic of Congo (%) 0.000 yearly -
Denmark (%) 5.000 2028 yearly 1980 - 2028
Djibouti (%) 0.000 yearly -
Dominica (%) 0.000 yearly -
Dominican Republic (%) 5.000 2030 yearly 1991 - 2030
Ecuador (%) 3.500 2030 yearly 1988 - 2030
Egypt (%) 7.707 2030 yearly 1990 - 2030
El Salvador (%) 5.216 2030 yearly 1988 - 2030
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.539 2030 yearly 1993 - 2030
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2030 yearly 1986 - 2030
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 13.900 2030 yearly 1996 - 2030
Germany (%) 2.963 2028 yearly 1980 - 2028
Ghana (%) 0.000 yearly -
Greece (%) 9.000 2028 yearly 1980 - 2028
Grenada (%) 0.000 yearly -
Guatemala (%) 0.000 yearly -
Guinea (%) 0.000 yearly -
Guinea-Bissau (%) 0.000 yearly -
Guyana (%) 0.000 yearly -
Haiti (%) 0.000 yearly -
Honduras (%) 8.000 2030 yearly 1980 - 2030
Hong Kong SAR, China (%) 2.910 2030 yearly 1980 - 2030
Hungary (%) 3.800 2030 yearly 1980 - 2030
Iceland (%) 4.000 2030 yearly 1980 - 2030
India (%) 0.000 yearly -
Indonesia (%) 5.000 2030 yearly 1984 - 2030
Iran (%) 9.000 2030 yearly 1990 - 2030
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 3.933 2030 yearly 1980 - 2030
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 4.175 2024 yearly 1980 - 2024
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 21.975 2023 yearly 1984 - 2023
Kazakhstan (%) 4.407 2030 yearly 1994 - 2030
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 2.800 2030 yearly 1980 - 2030
Kosovo (%) 10.875 2023 yearly 2012 - 2023
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 3.983 2030 yearly 1994 - 2030
Laos (%) 0.000 yearly -
Latvia (%) 6.394 2030 yearly 1992 - 2030
Lebanon (%) 11.543 2023 yearly 1991 - 2023
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

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South Korea Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.1 Sep 2025 quarterly Jun 2000 - Sep 2025
Consolidated Fiscal Balance (USD mn) -7,001.194 Sep 2025 monthly Jul 1999 - Sep 2025
Tax Revenue (USD mn) 28,881.029 Oct 2025 monthly Jan 2000 - Oct 2025
Tax Revenue: % of GDP (%) 14.8 Sep 2025 quarterly Mar 2000 - Sep 2025
National Government Debt (USD mn) 896,321.5 Sep 2025 quarterly Sep 2002 - Sep 2025
Government Debt: % of GDP (%) 47.0 Jun 2025 quarterly Sep 2002 - Jun 2025
Forecast: Government Expenditure (KRW bn) 768,475.754 2030 yearly 1995 - 2030
Forecast: Government Net Debt (KRW bn) 2,010,487.869 2030 yearly 1990 - 2030
Forecast: Government Revenue (KRW bn) 736,053.817 2030 yearly 1995 - 2030
Central Govt Debt: Foreign (KRW bn) 26,195.000 Sep 2025 quarterly Dec 2002 - Sep 2025
Central Govt Debt: Domestic (KRW bn) 1,232,808.000 Sep 2025 quarterly Dec 2002 - Sep 2025
Central Govt Debt: Short-Term (KRW bn) 0.000 Sep 2025 quarterly Sep 2002 - Sep 2025
Central Govt Debt: Medium & Long Term (KRW bn) 1,258,842.000 Sep 2025 quarterly Sep 2002 - Sep 2025
Central Govt Debt (KRW bn) 1,259,002.000 Sep 2025 quarterly Sep 2002 - Sep 2025
Public Sector Debt (KRW bn) 1,738,600.000 2024 yearly 2011 - 2024
National Debt (ND) (KRW bn) 1,126,800.000 2023 yearly 1997 - 2023
Central Govt Debt (KRW bn) 1,160,300.000 Nov 2024 monthly Jan 2014 - Nov 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.100 2030 yearly 1980 - 2030
Trade Balance (USD mn) 9,740.4 Nov 2025 monthly Jan 1966 - Nov 2025
Total Exports (USD mn) 61,033.0 Nov 2025 monthly Jan 1966 - Nov 2025
Total Exports Growth (%) 8.4 Nov 2025 monthly Jan 1967 - Nov 2025
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) 51,292.5 Nov 2025 monthly Jan 1966 - Nov 2025
Total Imports Growth (%) 1.1 Nov 2025 monthly Jan 1967 - Nov 2025
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) 10,354.605 Nov 2025 monthly Apr 1964 - Nov 2025
Total Imports from USA (USD mn) 6,100.561 Nov 2025 monthly Apr 1964 - Nov 2025
Total Exports to China (USD mn) 12,073.512 Nov 2025 monthly Jan 1988 - Nov 2025
Total Imports from China (USD mn) 11,960.230 Nov 2025 monthly Jan 1988 - Nov 2025
Motor Vehicle: Exports (Unit) 236,653.000 Nov 2025 monthly Jan 1981 - Nov 2025
Trade Balance: First 10 days (USD mn) -70.306 Dec 2025 monthly Jan 2016 - Dec 2025
Imports: First 10 days (USD mn) 20,647.735 Dec 2025 monthly Jan 2016 - Dec 2025
Exports: First 10 days (USD mn) 20,577.429 Dec 2025 monthly Jan 2016 - Dec 2025
Imports: Middle East: Qatar (USD th) 627,730.000 Nov 2025 monthly Jan 1993 - Nov 2025
Imports: Natural Gas: Quantity (Ton th) 4,552.00 Feb 2018 monthly Nov 1990 - Feb 2018
Crude Oil: Inventory (Barrel th) 41,044.000 Jan 2025 monthly Jan 2021 - Jan 2025
Export Value Index (2015=100) 122.334 2021 yearly 1980 - 2021
Import Value Index (2015=100) 140.915 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,876.8 Oct 2025 monthly Jan 1980 - Oct 2025
Current Account Balance (USD mn) 7,498.1 Oct 2025 monthly Jan 1980 - Oct 2025
Current Account Balance: % of GDP (USD mn) 7,498.1 Oct 2025 monthly Jan 1980 - Oct 2025
Foreign Direct Investment (USD mn) 1,801.0 Sep 2025 monthly Jan 1980 - Sep 2025
Foreign Direct Investment: % of GDP (%) 1.2 Sep 2025 quarterly Mar 1980 - Sep 2025
Foreign Portfolio Investment (USD mn) 17,012.200 Sep 2025 quarterly Mar 1980 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 3.5 Sep 2025 quarterly Mar 1980 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 7,864.0 Sep 2025 quarterly Mar 1980 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 9,148.200 Sep 2025 quarterly Mar 1980 - Sep 2025
External Debt (USD mn) 738,080.9 Sep 2025 quarterly Dec 1994 - Sep 2025
External Debt: % of GDP (%) 35.9 2024 yearly 1994 - 2024
External Debt: Short Term (USD mn) 161,619.0 Sep 2025 quarterly Dec 1994 - Sep 2025
External Debt: Short Term: % of GDP (%) 7.8 2024 yearly 1994 - 2024
Total Debt: % of GDP (%) 716.6 Jun 2025 quarterly Dec 2008 - Jun 2025
Forecast: Current Account Balance (USD bn) 85.139 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 1,056,215.500 Sep 2025 quarterly Dec 1994 - Sep 2025
BoP: sa: CA: Secondary Income: Credit (USD mn) 812.600 Oct 2025 monthly Jan 1980 - Oct 2025
BoP: sa: CA: G&S: Services: Debit (USD mn) 16,121.600 Oct 2025 monthly Jan 1980 - Oct 2025
BoP: sa: CA: G&S: Services (USD mn) -3,853.200 Oct 2025 monthly Jan 1980 - Oct 2025
BoP: sa: CA: G&S: Goods: Imports fob (USD mn) 49,579.700 Oct 2025 monthly Jan 1980 - Oct 2025
BoP: sa: CA: G&S: Goods (USD mn) 10,089.300 Oct 2025 monthly Jan 1980 - Oct 2025
BoP: sa: CA: Secondary Income (USD mn) -443.000 Oct 2025 monthly Jan 1980 - Oct 2025
BoP: sa: CA: Primary Income (USD mn) 1,705.000 Oct 2025 monthly Jan 1980 - Oct 2025
BoP: sa: CA: G&S: Services: Credit (USD mn) 12,268.400 Oct 2025 monthly Jan 1980 - Oct 2025
BoP: sa: CA: Secondary Income: Debit (USD mn) 1,255.600 Oct 2025 monthly Jan 1980 - Oct 2025
BoP: sa: CA: Primary Income: Debit (USD mn) 4,439.100 Oct 2025 monthly Jan 1980 - Oct 2025
BoP: sa: CA: Primary Income: Credit (USD mn) 6,144.100 Oct 2025 monthly Jan 1980 - Oct 2025
BoP: sa: CA: G&S: Goods: Exports fob (USD mn) 59,669.000 Oct 2025 monthly Jan 1980 - Oct 2025
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: Secondary Incomes: Credit (USD mn) 873.600 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: PI: Portfolio Investment Asset (PIA) (USD mn) 3,416.100 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: 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: CA: G&S: Goods: Exports fob (USD mn) 53,778.700 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: CF: FA: Portfolio Investment (PI) (USD mn) 407.400 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: CF: FA: FD: Liabilities (USD mn) -4,206.800 May 2018 monthly Mar 1987 - May 2018
BoP: CA: Secondary Incomes: Debit (USD mn) 1,713.900 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: Other Investment (OI) (USD mn) -2,828.400 May 2018 monthly Jan 1980 - May 2018
External Debt: Gross: Long Term (LT) (USD mn) 523,172.600 Dec 2024 quarterly Dec 1994 - Dec 2024
Outward Direct Investment: Total Invested (USD mn) 4,330.272 Sep 2024 monthly Jan 1981 - Sep 2024
ODI: Total Invested: Manufacturing (USD mn) 1,117.959 Sep 2024 monthly Jan 1981 - Sep 2024
ODI: Total Invested: Wholesale and Retail sales (USD mn) 134.114 Sep 2024 monthly Jan 1981 - Sep 2024
ODI: Total Invested: Real Estate (USD mn) 725,563.42 Jun 2018 monthly Dec 1980 - Jun 2018
ODI: Total Invested: Mining (USD mn) 326.252 Sep 2024 monthly Jan 1981 - Sep 2024
ODI: Total Invested: Financing and Insurance (USD mn) 0.743 Sep 2024 monthly Jan 1981 - Sep 2024
Smalll Business Health Index (SBHI): Economic Outlook (EO) (Index) 75.000 Nov 2025 monthly Jan 2015 - Nov 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 Sep 2025 quarterly Jun 2001 - Sep 2025
Household Debt: % of GDP (%) 92.7 Jun 2025 quarterly Dec 2002 - Jun 2025
Non-Performing Loans (USD mn) 9,283.726 Sep 2025 quarterly Jun 2001 - Sep 2025
Money Supply M1 (USD mn) 945,596.379 Oct 2025 monthly Jan 1970 - Oct 2025
Money Supply M2 (USD mn) 3,141,822.427 Oct 2025 monthly Jan 1970 - Oct 2025
M2 Growth (%) 8.9 Oct 2025 monthly Jan 1971 - Oct 2025
Reserve Requirement Ratio (%) 7.0 Nov 2025 monthly Nov 1979 - Nov 2025
Foreign Exchange Reserves (USD mn) 405,779.0 Nov 2025 monthly Dec 1956 - Nov 2025
Foreign Exchange Reserves: % of GDP (%) 7.000 Nov 2025 monthly Nov 1979 - Nov 2025
Foreign Exchange Reserves: Months of Import (NA) 7.9 Nov 2025 monthly Jan 1971 - Nov 2025
Gold Reserves (USD mn) 4,794.932 Nov 2025 monthly Dec 1956 - Nov 2025
Total Deposits (USD mn) 1,916,107.171 Oct 2025 monthly Sep 1992 - Oct 2025
Total Deposits Growth (%) 4.4 Oct 2025 monthly Sep 1993 - Oct 2025
Domestic Credit (USD mn) 3,558,325.6 Oct 2025 monthly Dec 2001 - Oct 2025
Domestic Credit Growth (%) 6.7 Oct 2025 monthly Dec 2002 - Oct 2025
Debt Service Ratio: Households (%) 11.400 Jun 2025 quarterly Mar 1999 - Jun 2025
Debt Service Ratio: Private Non-Financial Sector (%) 19.900 Jun 2025 quarterly Mar 1999 - Jun 2025
Credit to Households (USD bn) 1,716.368 Jun 2025 quarterly Dec 1962 - Jun 2025
Credit to Private Non-Financial Sector (USD bn) 3,835.630 Jun 2025 quarterly Dec 1962 - Jun 2025
Household Debt (USD mn) 1,776,837.2 Jun 2025 quarterly Dec 2002 - Jun 2025
Total Loans (USD mn) 1,740,388.135 Oct 2025 monthly Jan 1965 - Oct 2025
Total Loans Growth (%) 3.87 Oct 2025 monthly Jan 1966 - Oct 2025
Private Debt: % of Nominal GDP (%) 163.10 Sep 2025 quarterly Mar 1991 - Sep 2025
Money Supply: New M2: sa (KRW bn) 4,487,684.900 Oct 2025 monthly Jan 1970 - Oct 2025
Money Supply: New M1: sa (KRW bn) 1,350,661.500 Oct 2025 monthly Jan 1970 - Oct 2025
Money Supply: New M2: Certificate of Deposit (KRW bn) 24,533.00 Mar 2018 monthly Jun 1984 - Mar 2018
Deposits: CSB: Corporations (KRW bn) 396,621.30 Mar 2018 monthly Jan 1975 - Mar 2018
Deposits: CSB: Households (KRW bn) 614,344.50 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: Mortgage (KRW tn) 935.500 Nov 2025 monthly Dec 2013 - Nov 2025
Loans of CSBs: CH: Household (KRW tn) 1,175.600 Nov 2025 monthly Dec 2013 - Nov 2025
Loans of CSBs: Corporate and Household (CH) (KRW tn) 2,547.800 Nov 2025 monthly Dec 2013 - Nov 2025
Deposits: Total: YoY (% bn) 4.400 Oct 2025 monthly Sep 1993 - Oct 2025
Deposits: Total: MoM (% bn) -0.800 Oct 2025 monthly Oct 1992 - Oct 2025
Loans of Commercial & Specialized Banks (CSB): YoY (% bn) 3.900 Oct 2025 monthly Jan 1965 - Oct 2025
Loans of Commercial & Specialized Banks (CSB): MoM (% bn) 0.400 Oct 2025 monthly Jan 1965 - Oct 2025
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) 5.0 Dec 2025 monthly Feb 2004 - Dec 2025
Busniess Survey Index: Forecast: 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
Business Survey Index: Forecast: Non-manufacturing: sa (NA) 81.000 Jul 2018 monthly Feb 2003 - Jul 2018
Business Survey Index: Forecast: Business Condition: All Industries (NA) 66.000 Mar 2025 monthly Feb 2003 - Mar 2025
BSI: Forecast: BC: Services: Wholesale and Retail Trade (NA) 65.000 Mar 2025 monthly Sep 2009 - Mar 2025
BSI: Forecast: BC: Manufacturing (NA) 69.000 Mar 2025 monthly Feb 2003 - Mar 2025
BSI: Forecast: BC: Services: Construction (NA) 43.000 Mar 2025 monthly Sep 2009 - Mar 2025

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