South Korea Forecast: Unemployment Rate

1980 - 2027 | Yearly | % | International Monetary Fund

Key information about South Korea Unemployment Rate Forecast

  • South Korea Unemployment Rate is forecasted to be 3.575 % in Dec 2022 as reported by International Monetary Fund
  • It records a decrease from the last reported number of 3.675 % in Dec 2021
  • Looking ahead, South Korea Unemployment Rate is projected to stand at 3.597 % in Dec 2027
  • 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 2027 in the chart:

South Korea Forecast: Unemployment Rate

What is South Korea's Forecast: Unemployment Rate in 2027?

South Korea Unemployment Rate is forecasted to be 3.575 % in Dec 2022 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.597 2027 3.612 2026 9.241 1980 39.792 2027 % yearly 1980 - 2027

Forecast: Unemployment Rate by Country Comparison

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country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 10.000 2027 yearly 1980 - 2027
Algeria (%) 3.464 2027 yearly 1980 - 2027
Andorra (%) 1.675 2027 yearly 2010 - 2027
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 8.100 2027 yearly 1980 - 2027
Armenia (%) 16.500 2027 yearly 2001 - 2027
Aruba (%) 5.091 2026 yearly 1991 - 2026
Australia (%) 4.703 2027 yearly 1980 - 2027
Austria (%) 4.800 2027 yearly 1980 - 2027
Azerbaijan (%) 5.564 2027 yearly 2000 - 2027
Bahamas (%) 11.431 2027 yearly 1986 - 2027
Bahrain (%) 3.951 2027 yearly 2007 - 2027
Bangladesh (%) 0.000 yearly -
Barbados (%) 9.392 2027 yearly 1981 - 2027
Belarus (%) 3.754 2027 yearly 1993 - 2027
Belgium (%) 5.522 2027 yearly 1980 - 2027
Belize (%) 7.404 2027 yearly 1990 - 2027
Benin (%) 0.000 yearly -
Bhutan (%) 5.000 2020 yearly 2003 - 2020
Bolivia (%) 4.000 2027 yearly 2000 - 2027
Bosnia and Herzegovina (%) 15.545 2027 yearly 1995 - 2027
Botswana (%) 0.000 yearly -
Brazil (%) 10.415 2027 yearly 1991 - 2027
Brunei (%) 6.822 2027 yearly 2011 - 2027
Bulgaria (%) 4.200 2027 yearly 1989 - 2027
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 5.009 2027 yearly 1980 - 2027
Cape Verde (%) 8.500 2027 yearly 1980 - 2027
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 6.808 2027 yearly 1980 - 2027
China (%) 3.600 2027 yearly 1980 - 2027
Colombia (%) 9.490 2027 yearly 1980 - 2027
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 9.000 2026 yearly 1980 - 2026
Croatia (%) 6.265 2027 yearly 1991 - 2027
Cyprus (%) 5.523 2027 yearly 1982 - 2027
Czech Republic (%) 2.300 2027 yearly 1995 - 2027
Democratic Republic of Congo (%) 0.000 yearly -
Denmark (%) 5.000 2027 yearly 1980 - 2027
Djibouti (%) 0.000 yearly -
Dominica (%) 0.000 yearly -
Dominican Republic (%) 6.000 2027 yearly 1991 - 2027
Ecuador (%) 3.644 2027 yearly 1988 - 2027
Egypt (%) 6.402 2027 yearly 1990 - 2027
El Salvador (%) 7.000 2027 yearly 1988 - 2027
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 4.828 2027 yearly 1993 - 2027
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2027 yearly 1986 - 2027
Finland (%) 6.500 2027 yearly 1980 - 2027
France (%) 7.399 2027 yearly 1980 - 2027
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 20.015 2027 yearly 1996 - 2027
Germany (%) 3.142 2027 yearly 1980 - 2027
Ghana (%) 0.000 yearly -
Greece (%) 10.610 2027 yearly 1980 - 2027
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 (%) 4.398 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.971 2027 yearly 1980 - 2027
Hungary (%) 3.805 2027 yearly 1980 - 2027
Iceland (%) 4.000 2027 yearly 1980 - 2027
India (%) 0.000 yearly -
Indonesia (%) 5.100 2027 yearly 1984 - 2027
Iran (%) 10.819 2027 yearly 1990 - 2027
Iraq (%) 0.000 yearly -
Ireland (%) 4.955 2027 yearly 1985 - 2027
Israel (%) 3.700 2027 yearly 1980 - 2027
Italy (%) 8.900 2027 yearly 1980 - 2027
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 7.700 2019 yearly 1980 - 2019
Japan (%) 2.400 2027 yearly 1980 - 2027
Jordan (%) 24.425 2021 yearly 1984 - 2021
Kazakhstan (%) 4.775 2027 yearly 1994 - 2027
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 3.597 2027 yearly 1980 - 2027
Kosovo (%) 25.700 2019 yearly 2012 - 2019
Kuwait (%) 1.276 2021 yearly 1981 - 2021
Kyrgyzstan (%) 6.605 2027 yearly 1994 - 2027
Laos (%) 0.000 yearly -
Latvia (%) 6.559 2027 yearly 1992 - 2027
Lebanon (%) 0.000 yearly -
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

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South Korea Key Series

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Includes 460 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 (%) -1.6 Mar 2022 quarterly Jun 2000 - Mar 2022
Consolidated Fiscal Balance (USD mn) -21,730.631 May 2022 monthly Jul 1999 - May 2022
Tax Revenue (USD mn) 22,619.654 May 2022 monthly Jan 2000 - May 2022
Tax Revenue: % of GDP (%) 21.8 Mar 2022 quarterly Mar 2000 - Mar 2022
National Government Debt (USD mn) 810,483.3 Mar 2022 quarterly Sep 2002 - Mar 2022
Government Debt: % of GDP (%) 46.8 Mar 2022 quarterly Sep 2002 - Mar 2022
Forecast: Government Expenditure (KRW bn) 684,811.974 2027 yearly 1995 - 2027
Forecast: Government Net Debt (KRW bn) 1,629,552.106 2027 yearly 1990 - 2027
Forecast: Government Revenue (KRW bn) 652,946.020 2027 yearly 1995 - 2027
National Debt (ND) (KRW bn) 967,200.000 2021 yearly 1997 - 2021
Central Govt Debt: Domestic (KRW bn) 970,531.000 Mar 2022 quarterly Dec 2002 - Mar 2022
Central Govt Debt: Foreign (KRW bn) 11,410.000 Mar 2022 quarterly Dec 2002 - Mar 2022
Central Govt Debt: Medium & Long Term (KRW bn) 981,876.000 Mar 2022 quarterly Sep 2002 - Mar 2022
Central Govt Debt: Short-Term (KRW bn) 0.000 Mar 2022 quarterly Sep 2002 - Mar 2022
Central Govt Debt (KRW bn) 981,941.000 Mar 2022 quarterly Sep 2002 - Mar 2022
Public Sector Debt (KRW bn) 1,280,000.000 2020 yearly 2011 - 2020
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.462 2027 yearly 1980 - 2027
Trade Balance (USD mn) -4,669.0 Jul 2022 monthly Jan 1957 - Jul 2022
Total Exports (USD mn) 60,700.0 Jul 2022 monthly Jan 1966 - Jul 2022
Total Exports Growth (%) 9.4 Jul 2022 monthly Jan 1967 - Jul 2022
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) 65,369.0 Jul 2022 monthly Jan 1966 - Jul 2022
Total Imports Growth (%) 21.8 Jul 2022 monthly Jan 1967 - Jul 2022
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) 9,996.000 Jul 2022 monthly Apr 1964 - Jul 2022
Total Imports from USA (USD mn) 6,687.000 Jul 2022 monthly Apr 1964 - Jul 2022
Total Exports to China (USD mn) 13,243.000 Jul 2022 monthly Jan 1988 - Jul 2022
Total Imports from China (USD mn) 13,818.000 Jul 2022 monthly Jan 1988 - Jul 2022
Imports: First 10 days (USD mn) 21,306.782 Jul 2022 monthly Jan 2016 - Jul 2022
Trade Balance: First 10 days (USD mn) -5,535.468 Jul 2022 monthly Jan 2016 - Jul 2022
Exports: First 10 days (USD mn) 15,771.314 Jul 2022 monthly Jan 2016 - Jul 2022
Imports: Natural Gas: Quantity (Ton th) 4,552.00 Feb 2018 monthly Nov 1990 - Feb 2018
Motor Vehicle: Exports (Unit) 223,633.000 Jul 2022 monthly Jan 1981 - Jul 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 3,808.8 Jun 2022 monthly Jan 1980 - Jun 2022
Current Account Balance (USD mn) 3,257.2 Jun 2022 monthly Jan 1980 - Jun 2022
Current Account Balance: % of GDP (USD mn) 3,257.2 Jun 2022 monthly Jan 1980 - Jun 2022
Foreign Direct Investment (USD mn) 834.3 Jun 2022 monthly Jan 1980 - Jun 2022
Foreign Direct Investment: % of GDP (%) 1.2 Mar 2022 quarterly Mar 1980 - Mar 2022
Foreign Portfolio Investment (USD mn) -681.500 Jun 2022 quarterly Mar 1980 - Jun 2022
Foreign Portfolio Investment: % of GDP (%) 2.7 Mar 2022 quarterly Mar 1980 - Mar 2022
Foreign Portfolio Investment: Equity Securities (USD mn) -7,249.6 Jun 2022 quarterly Mar 1980 - Jun 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 6,568.100 Jun 2022 quarterly Mar 1980 - Jun 2022
External Debt (USD mn) 654,097.8 Mar 2022 quarterly Dec 1994 - Mar 2022
External Debt: % of GDP (%) 34.9 2021 yearly 1994 - 2021
External Debt: Short Term (USD mn) 174,917.7 Mar 2022 quarterly Dec 1994 - Mar 2022
External Debt: Short Term: % of GDP (%) 9.1 2021 yearly 1994 - 2021
Total Debt: % of GDP (%) 760.7 Mar 2022 quarterly Dec 2008 - Mar 2022
Forecast: Current Account Balance (USD bn) 94.181 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 695,979.700 Mar 2022 quarterly Dec 1994 - Mar 2022
BoP: CA: G&S: SV: Debit (USD mn) 10,277.700 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: FD: Liabilities (USD mn) -4,206.800 May 2018 monthly Mar 1987 - May 2018
BoP: CA: G&S: SV: Credit (USD mn) 8,183.800 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: FD: Assets (USD mn) -4,690.900 May 2018 monthly Mar 1987 - May 2018
BoP: CA: G&S: Goods: Imports fob (USD mn) 42,392.700 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: PI: Portfolio Investment Liabilities (PIL) (USD mn) 3,008.700 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: CA: G&S: Goods: Exports fob (USD mn) 53,778.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: Secondary Incomes: Credit (USD mn) 873.600 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: PI: Portfolio Investment Asset (PIA) (USD mn) 3,416.100 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
BoP: CA: G&S: Services (SV) (USD mn) -2,093.900 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: Financial Derivatives (FD) (USD mn) -484.100 May 2018 monthly Mar 1987 - 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: G&S: Services: Debit (USD mn) 11,880.600 Jun 2022 monthly Jan 1980 - Jun 2022
BoP: sa: CA: G&S: Services (USD mn) -183.900 Jun 2022 monthly Jan 1980 - Jun 2022
BoP: sa: CA: G&S: Goods: Imports fob (USD mn) 58,102.900 Jun 2022 monthly Jan 1980 - Jun 2022
BoP: sa: CA: G&S: Goods: Exports fob (USD mn) 60,198.200 Jun 2022 monthly Jan 1980 - Jun 2022
BoP: sa: CA: Primary Income: Debit (USD mn) 2,280.500 Jun 2022 monthly Jan 1980 - Jun 2022
BoP: sa: CA: Primary Income: Credit (USD mn) 3,869.700 Jun 2022 monthly Jan 1980 - Jun 2022
BoP: sa: CA: Secondary Income: Credit (USD mn) 861.300 Jun 2022 monthly Jan 1980 - Jun 2022
BoP: sa: CA: G&S: Goods (USD mn) 2,095.300 Jun 2022 monthly Jan 1980 - Jun 2022
BoP: sa: CA: Primary Income (USD mn) 1,589.200 Jun 2022 monthly Jan 1980 - Jun 2022
BoP: sa: CA: Secondary Income: Debit (USD mn) 1,104.700 Jun 2022 monthly Jan 1980 - Jun 2022
BoP: sa: CA: G&S: Services: Credit (USD mn) 11,696.700 Jun 2022 monthly Jan 1980 - Jun 2022
BoP: sa: CA: Secondary Income (USD mn) -243.400 Jun 2022 monthly Jan 1980 - Jun 2022
International Investment Position: Net (USD mn) 695,979.700 Mar 2022 quarterly Dec 1994 - Mar 2022
International Investment Position: Liabilities (USD mn) 1,493,319.500 Mar 2022 quarterly Dec 1994 - Mar 2022
International Investment Position: Assets (USD mn) 2,189,299.200 Mar 2022 quarterly Dec 1994 - Mar 2022
External Debt: Gross: Long Term (LT) (USD mn) 479,180.100 Mar 2022 quarterly Dec 1994 - Mar 2022
ODI: Total Invested: Financing and Insurance (USD mn) 3,446.897 Mar 2022 monthly Feb 1981 - Mar 2022
ODI: Total Invested: Manufacturing (USD mn) 3,539.785 Mar 2022 monthly Jan 1981 - Mar 2022
ODI: Total Invested: Real Estate (USD mn) 725,563.42 Jun 2018 monthly Dec 1980 - Jun 2018
ODI: Total Invested: Wholesale and Retail sales (USD mn) 216.659 Mar 2022 monthly Jan 1981 - Mar 2022
Smalll Business Health Index (SBHI): Economic Outlook (EO) (Index) 78.800 Jul 2022 monthly Jan 2015 - Jul 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.3 Mar 2022 quarterly Jun 2001 - Mar 2022
Household Debt: % of GDP (%) 108.3 Mar 2022 quarterly Dec 2002 - Mar 2022
Non-Performing Loans (USD mn) 6,572.737 Mar 2022 quarterly Jun 2001 - Mar 2022
Money Supply M1 (USD mn) 1,121,794.604 May 2022 monthly Jan 1970 - May 2022
Money Supply M2 (USD mn) 2,991,004.503 May 2022 monthly Jan 1970 - May 2022
M2 Growth (%) 9.2 May 2022 monthly Jan 1971 - May 2022
Reserve Requirement Ratio (%) 7.0 Jul 2022 monthly Nov 1979 - Jul 2022
Foreign Exchange Reserves (USD mn) 415,046.9 Jul 2022 monthly Dec 1956 - Jul 2022
Foreign Exchange Reserves: % of GDP (%) 7.000 Jul 2022 monthly Nov 1979 - Jul 2022
Foreign Exchange Reserves: Months of Import (NA) 6.3 Jul 2022 monthly Jan 1971 - Jul 2022
Gold Reserves (USD mn) 4,794.759 Jul 2022 monthly Dec 1956 - Jul 2022
Total Deposits (USD mn) 1,929,089.439 May 2022 monthly Sep 1992 - May 2022
Total Deposits Growth (%) 9.0 May 2022 monthly Sep 1993 - May 2022
Domestic Credit (USD mn) 3,301,260.0 Jun 2022 monthly Dec 2001 - Jun 2022
Domestic Credit Growth (%) 11.7 Jun 2022 monthly Dec 2002 - Jun 2022
Debt Service Ratio: Households (%) 12.700 Dec 2021 quarterly Mar 1999 - Dec 2021
Debt Service Ratio: Private Non-Financial Sector (%) 21.100 Dec 2021 quarterly Mar 1999 - Dec 2021
Credit to Households (USD bn) 1,843.717 Dec 2021 quarterly Dec 1962 - Dec 2021
Credit to Private Non-Financial Sector (USD bn) 3,763.097 Sep 2021 quarterly Dec 1962 - Sep 2021
Household Debt (USD mn) 1,874,384.1 Mar 2022 quarterly Dec 2002 - Mar 2022
Total Loans (USD mn) 1,699,550.500 May 2022 monthly Jan 1965 - May 2022
Total Loans Growth (%) 7.06 May 2022 monthly Jan 1966 - May 2022
Private Debt: % of Nominal GDP (%) 173.63 Mar 2022 quarterly Mar 1991 - Mar 2022
Money Supply: New M2: Certificate of Deposit (KRW bn) 24,533.00 Mar 2018 monthly Jun 1984 - Mar 2018
Money Supply: New M2: sa (KRW bn) 3,691,545.900 Jun 2022 monthly Jan 1970 - Jun 2022
Money Supply: New M1: sa (KRW bn) 1,380,592.000 Jun 2022 monthly Jan 1970 - Jun 2022
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
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) -14.0 Aug 2022 monthly Feb 2004 - Aug 2022
Business Survey Index: Actual: Non-manufacturing: sa (NA) 79.000 Jun 2018 monthly Jan 2003 - Jun 2018
Business Survey Index: Actual: 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
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
BSI: Forecast: BC: Services: Wholesale and Retail Trade (NA) 76.000 Aug 2022 monthly Sep 2009 - Aug 2022

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