South Korea Retail Sales Growth

1996 - 2023 | Monthly | % | CEIC Data

Key information about South Korea Retail Sales Growth

  • South Korea Retail Sales dropped 0.7 % YoY in Apr 2023, compared with a 0.5 % increase in the previous month.
  • South Korea Retail Sales Growth YoY data is updated monthly, available from Jan 1996 to Apr 2023, with an average growth rate of 3.6 %.
  • The data reached an all-time high of 18.1 % in May 2000 and a record low of -17.3 % in Jul 1998.
  • In the latest reports, Car Sales of South Korea recorded 173,529.0 units in May 2023, representing a growth of 2.7 %.

CEIC calculates monthly Retail Sales: Incl. Motor Vehicles Growth from monthly Real Retail Sales Index. Statistics Korea provides Real Retail Sales Index with base 2020=100.

View South Korea's Retail Sales Growth from Jan 1996 to Apr 2023 in the chart:

South Korea Retail Sales Growth

What was South Korea's Retail Sales Growth in Apr 2023?

South Korea Retail Sales dropped 0.7 % YoY in Apr 2023, compared with a 0.5 % increase in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-0.7 Apr 2023 0.5 Mar 2023 -17.3 Jul 1998 18.1 May 2000 % monthly Jan 1996 - Apr 2023

Retail Sales Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 4.5 Mar 2023 monthly Jan 2006 - Mar 2023
Argentina (%) -6.6 Dec 2023 monthly Jan 2018 - Dec 2023
Armenia (%) 20.3 Dec 2023 monthly Jan 2001 - Dec 2023
Australia (%) 4.2 May 2023 monthly Apr 1983 - May 2023
Austria (%) -4.7 Dec 2023 monthly Jan 2007 - Dec 2023
Azerbaijan (%) 4.6 Jan 2024 monthly Dec 2007 - Jan 2024
Belarus (%) 9.9 Jan 2024 monthly Oct 2008 - Jan 2024
Belgium (%) -3.8 Jan 2024 monthly Jan 2007 - Jan 2024
Bosnia and Herzegovina (%) 15.4 Apr 2023 monthly Jan 2013 - Apr 2023
Brazil (%) 2.9 Dec 2023 monthly Jan 2001 - Dec 2023
Bulgaria (%) -0.6 Apr 2023 monthly Jan 2001 - Apr 2023
Canada (%) 1.1 Apr 2023 monthly Jan 1992 - Apr 2023
Chile (%) 2.8 Jan 2024 monthly Jan 2015 - Jan 2024
China (%) 12.7 May 2023 monthly Jan 1994 - May 2023
Colombia (%) -3.0 Dec 2023 monthly Jan 2014 - Dec 2023
Croatia (%) 3.3 Apr 2023 monthly Jan 2001 - Apr 2023
Cyprus (%) 3.4 Dec 2023 monthly Jan 2006 - Dec 2023
Czech Republic (%) 2.5 Jan 2024 monthly Jan 2001 - Jan 2024
Denmark (%) 0.4 May 2023 monthly Jan 2001 - May 2023
Egypt (%) 1.4 2020 yearly 1996 - 2020
Estonia (%) 0.3 Dec 2023 quarterly Mar 1996 - Dec 2023
European Union (%) -0.7 Jan 2024 monthly Jan 2000 - Jan 2024
Finland (%) -1.6 Nov 2023 monthly Jan 1996 - Nov 2023
France (%) -1.1 Dec 2023 monthly Jan 1996 - Dec 2023
Georgia (%) 4.3 Sep 2023 quarterly Mar 2010 - Sep 2023
Germany (%) -4.4 Apr 2023 monthly Jan 1995 - Apr 2023
Greece (%) -3.9 Nov 2023 monthly Jan 2001 - Nov 2023
Hong Kong SAR, China (%) 16.6 May 2023 monthly Jan 1982 - May 2023
Hungary (%) -0.5 Dec 2023 monthly Jan 2001 - Dec 2023
Iceland (%) 6.7 Dec 2023 monthly Feb 2002 - Dec 2023
Indonesia (%) 0.0 May 2023 monthly Jan 2011 - May 2023
Ireland (%) 0.6 Jan 2024 monthly Jan 2006 - Jan 2024
Israel (%) 7.9 Dec 2023 monthly Jan 1998 - Dec 2023
Italy (%) 1.7 Dec 2023 monthly Jan 2001 - Dec 2023
Japan (%) 5.2 Apr 2023 monthly Oct 1992 - Apr 2023
Kazakhstan (%) 5.4 May 2023 monthly Jan 2006 - May 2023
South Korea (%) -0.7 Apr 2023 monthly Jan 1996 - Apr 2023
Kyrgyzstan (%) 10.7 2022 yearly 1990 - 2022
Latvia (%) -2.0 Jan 2024 monthly Jan 2001 - Jan 2024
Lithuania (%) 1,076,267.9 Jan 2024 monthly Jan 1999 - Jan 2024
Luxembourg (%) 2.1 Dec 2023 monthly Jan 2006 - Dec 2023
Macau SAR, China (%) 40.2 Dec 2023 quarterly Mar 2002 - Dec 2023
North Macedonia (%) -4.6 Dec 2023 monthly Jan 2011 - Dec 2023
Malaysia (%) 12.9 Apr 2023 monthly Jan 2014 - Apr 2023
Malta (%) 1.4 Dec 2023 quarterly Mar 2001 - Dec 2023
Mexico (%) 4.6 Apr 2023 monthly Jan 2002 - Apr 2023
Moldova (%) 5.0 Jan 2024 monthly Jan 2011 - Jan 2024
Mongolia (%) 14.9 Dec 2023 quarterly Mar 2012 - Dec 2023
Montenegro (%) 8.5 Apr 2023 monthly Jan 2007 - Apr 2023
Netherlands (%) -4.2 May 2023 monthly Jan 2001 - May 2023
New Zealand (%) 0.3 Dec 2023 quarterly Sep 1996 - Dec 2023
Norway (%) -1.2 Jan 2024 monthly Jan 1980 - Jan 2024
Palestinian Territory (%) -0.2 2018 yearly 2011 - 2018
Peru (%) -2.3 Nov 2023 monthly Jan 2015 - Nov 2023
Poland (%) -1.8 Apr 2023 monthly Jan 2001 - Apr 2023
Portugal (%) 3.1 May 2023 monthly Jan 2001 - May 2023
Qatar (%) 6.9 2021 yearly 1987 - 2021
Romania (%) 5.0 Jan 2024 monthly Jan 2001 - Jan 2024
Russia (%) 9.1 Jan 2024 monthly Jan 1994 - Jan 2024
Serbia (%) -6.2 May 2023 monthly Dec 2004 - May 2023
Singapore (%) 2.8 Jan 2024 monthly Jan 1986 - Jan 2024
Slovakia (%) 1.9 Jan 2024 monthly Jan 2001 - Jan 2024
Slovenia (%) -14.7 Dec 2023 monthly Jan 2001 - Dec 2023
South Africa (%) -1.4 Nov 2023 monthly Jan 2003 - Nov 2023
Spain (%) 3.1 Dec 2023 monthly Jan 2001 - Dec 2023
Sweden (%) -3.9 May 2023 monthly Jan 1991 - May 2023
Switzerland (%) -3.4 Apr 2023 monthly Jan 2001 - Apr 2023
Taiwan (%) 1.7 Feb 2022 monthly Jan 2000 - Feb 2022
Thailand (%) 0.5 Mar 2023 monthly Jan 1996 - Mar 2023
Turkey (%) 13.2 Nov 2023 monthly Jan 2011 - Nov 2023
Ukraine (%) -3.1 Dec 2022 monthly Jan 2008 - Dec 2022
United Kingdom (%) -2.1 May 2023 monthly Jan 1997 - May 2023
United States (%) 1.0 May 2023 monthly Jan 1993 - May 2023
Uzbekistan (%) -4.0 Apr 2023 monthly Jan 2019 - Apr 2023
Venezuela (%) -53.5 Jan 2019 monthly Jan 2005 - Jan 2019
Vietnam (%) 6.8 Feb 2024 monthly Sep 2004 - Feb 2024

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South Korea Key Series

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Includes 462 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 (%) -2.0 Sep 2023 quarterly Jun 2000 - Sep 2023
Consolidated Fiscal Balance (USD mn) -6,888.333 Nov 2023 monthly Jul 1999 - Nov 2023
Tax Revenue (USD mn) 34,617.685 Jan 2024 monthly Jan 2000 - Jan 2024
Tax Revenue: % of GDP (%) 22.7 Dec 2023 quarterly Mar 2000 - Dec 2023
National Government Debt (USD mn) 815,782.8 Sep 2023 quarterly Sep 2002 - Sep 2023
Government Debt: % of GDP (%) 49.9 Sep 2023 quarterly Sep 2002 - Sep 2023
Forecast: Government Expenditure (KRW bn) 679,848.650 2028 yearly 1995 - 2028
Forecast: Government Net Debt (KRW bn) 1,606,994.340 2028 yearly 1990 - 2028
Forecast: Government Revenue (KRW bn) 679,687.380 2028 yearly 1995 - 2028
National Debt (ND) (KRW bn) 1,067,700.000 2022 yearly 1997 - 2022
Central Govt Debt: Foreign (KRW bn) 11,791.000 Sep 2023 quarterly Dec 2002 - Sep 2023
Central Govt Debt: Medium & Long Term (KRW bn) 1,099,507.000 Sep 2023 quarterly Sep 2002 - Sep 2023
Central Govt Debt (KRW bn) 1,099,561.000 Sep 2023 quarterly Sep 2002 - Sep 2023
Central Govt Debt: Domestic (KRW bn) 1,087,771.000 Sep 2023 quarterly Dec 2002 - Sep 2023
Central Govt Debt: Short-Term (KRW bn) 0.000 Sep 2023 quarterly Sep 2002 - Sep 2023
Public Sector Debt (KRW bn) 1,588,700.000 2022 yearly 2011 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.043 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,291.0 Feb 2024 monthly Jan 1966 - Feb 2024
Total Exports (USD mn) 52,405.0 Feb 2024 monthly Jan 1966 - Feb 2024
Total Exports Growth (%) 4.8 Feb 2024 monthly Jan 1967 - Feb 2024
Aluminum: Exports (USD th) 4,568,165.809 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 1,062,354.931 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 6,513,466.420 2022 yearly 1995 - 2022
Total Imports (USD mn) 48,114.0 Feb 2024 monthly Jan 1966 - Feb 2024
Total Imports Growth (%) -13.1 Feb 2024 monthly Jan 1967 - Feb 2024
Imports: Medicament (USD th) 4,532,213.079 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 4,747,831.996 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 9,805.806 Feb 2024 monthly Apr 1964 - Feb 2024
Total Imports from USA (USD mn) 5,598.926 Feb 2024 monthly Apr 1964 - Feb 2024
Total Exports to China (USD mn) 9,653.373 Feb 2024 monthly Jan 1988 - Feb 2024
Total Imports from China (USD mn) 9,410.055 Feb 2024 monthly Jan 1988 - Feb 2024
Trade Balance: First 10 days (USD mn) -1,263.000 Mar 2024 monthly Jan 2016 - Mar 2024
Imports: First 10 days (USD mn) 14,803.000 Mar 2024 monthly Jan 2016 - Mar 2024
Exports: First 10 days (USD mn) 13,540.000 Mar 2024 monthly Jan 2016 - Mar 2024
Imports: Middle East: Qatar (USD th) 1,140,352.000 Feb 2024 monthly Jan 1993 - Feb 2024
Imports: Natural Gas: Quantity (Ton th) 4,552.00 Feb 2018 monthly Nov 1990 - Feb 2018
Motor Vehicle: Exports (Unit) 198,653.000 Feb 2024 monthly Jan 1981 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,160.7 Jan 2024 monthly Jan 1980 - Jan 2024
Current Account Balance (USD mn) 6,638.2 Jan 2024 monthly Jan 1980 - Jan 2024
Current Account Balance: % of GDP (USD mn) 6,638.2 Jan 2024 monthly Jan 1980 - Jan 2024
Foreign Direct Investment (USD mn) 2,558.8 Jun 2023 monthly Jan 1980 - Jun 2023
Foreign Direct Investment: % of GDP (%) 1.2 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment (USD mn) 7,450.600 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 1.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 3,253.2 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 4,197.400 Dec 2023 quarterly Mar 1980 - Dec 2023
External Debt (USD mn) 663,631.1 Dec 2023 quarterly Dec 1994 - Dec 2023
External Debt: % of GDP (%) 38.8 2023 yearly 1994 - 2023
External Debt: Short Term (USD mn) 136,202.8 Dec 2023 quarterly Dec 1994 - Dec 2023
External Debt: Short Term: % of GDP (%) 8.0 2023 yearly 1994 - 2023
Total Debt: % of GDP (%) 760.2 Sep 2023 quarterly Dec 2008 - Sep 2023
Forecast: Current Account Balance (USD bn) 66.020 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 779,876.500 Dec 2023 quarterly Dec 1994 - Dec 2023
BoP: CA: G&S: Goods: Exports fob (USD mn) 53,778.700 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: CF: FA: DI: Direct Investment Assets (USD mn) 6,294.200 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: Goods: Imports fob (USD mn) 42,392.700 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: PI: Portfolio Investment Liabilities (PIL) (USD mn) 3,008.700 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: CF: FA: Other Investment (OI) (USD mn) -2,828.400 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: 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: OI: Other Investment Assets (OIA) (USD mn) 4,833.400 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: Direct Investment (DI) (USD mn) 6,056.900 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: sa: CA: Primary Income: Credit (USD mn) 4,118.300 Jan 2024 monthly Jan 1980 - Jan 2024
BoP: sa: CA: Secondary Income: Credit (USD mn) 920.600 Jan 2024 monthly Jan 1980 - Jan 2024
BoP: sa: CA: G&S: Services: Debit (USD mn) 12,445.900 Jan 2024 monthly Jan 1980 - Jan 2024
BoP: sa: CA: G&S: Goods (USD mn) 8,820.300 Jan 2024 monthly Jan 1980 - Jan 2024
BoP: sa: CA: Primary Income (USD mn) -816.800 Jan 2024 monthly Jan 1980 - Jan 2024
BoP: sa: CA: G&S: Services (USD mn) -1,321.900 Jan 2024 monthly Jan 1980 - Jan 2024
BoP: sa: CA: G&S: Goods: Exports fob (USD mn) 56,197.300 Jan 2024 monthly Jan 1980 - Jan 2024
BoP: sa: CA: G&S: Goods: Imports fob (USD mn) 47,377.000 Jan 2024 monthly Jan 1980 - Jan 2024
BoP: sa: CA: Primary Income: Debit (USD mn) 4,935.100 Jan 2024 monthly Jan 1980 - Jan 2024
BoP: sa: CA: Secondary Income: Debit (USD mn) 964.000 Jan 2024 monthly Jan 1980 - Jan 2024
BoP: sa: CA: Secondary Income (USD mn) -43.400 Jan 2024 monthly Jan 1980 - Jan 2024
BoP: sa: CA: G&S: Services: Credit (USD mn) 11,124.000 Jan 2024 monthly Jan 1980 - Jan 2024
International Investment Position: Net (USD mn) 779,876.500 Dec 2023 quarterly Dec 1994 - Dec 2023
International Investment Position: Liabilities (USD mn) 1,507,236.500 Dec 2023 quarterly Dec 1994 - Dec 2023
International Investment Position: Assets (USD mn) 2,287,113.000 Dec 2023 quarterly Dec 1994 - Dec 2023
External Debt: Gross: Long Term (LT) (USD mn) 527,428.300 Dec 2023 quarterly Dec 1994 - Dec 2023
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) 72.400 Feb 2024 monthly Jan 2015 - Feb 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.3 Sep 2023 quarterly Jun 2001 - Sep 2023
Household Debt: % of GDP (%) 104.5 Sep 2023 quarterly Dec 2002 - Sep 2023
Non-Performing Loans (USD mn) 6,510.097 Sep 2023 quarterly Jun 2001 - Sep 2023
Money Supply M1 (USD mn) 916,308.413 Jan 2024 monthly Jan 1970 - Jan 2024
Money Supply M2 (USD mn) 2,934,712.413 Jan 2024 monthly Jan 1970 - Jan 2024
M2 Growth (%) 3.8 Jan 2024 monthly Jan 1971 - Jan 2024
Reserve Requirement Ratio (%) 7.0 Jan 2024 monthly Nov 1979 - Jan 2024
Foreign Exchange Reserves (USD mn) 391,327.3 Feb 2024 monthly Dec 1956 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 7.000 Jan 2024 monthly Nov 1979 - Jan 2024
Foreign Exchange Reserves: Months of Import (NA) 8.1 Feb 2024 monthly Jan 1971 - Feb 2024
Gold Reserves (USD mn) 4,794.759 Feb 2024 monthly Dec 1956 - Feb 2024
Total Deposits (USD mn) 1,873,942.617 Jan 2024 monthly Sep 1992 - Jan 2024
Total Deposits Growth (%) 3.8 Jan 2024 monthly Sep 1993 - Jan 2024
Domestic Credit (USD mn) 3,460,393.4 Jan 2024 monthly Dec 2001 - Jan 2024
Domestic Credit Growth (%) 5.9 Jan 2024 monthly Dec 2002 - Jan 2024
Debt Service Ratio: Households (%) 14.200 Sep 2023 quarterly Mar 1999 - Sep 2023
Debt Service Ratio: Private Non-Financial Sector (%) 23.800 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 1,663.027 Sep 2023 quarterly Dec 1962 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 3,695.718 Sep 2023 quarterly Dec 1962 - Sep 2023
Household Debt (USD mn) 1,742,901.9 Mar 2023 quarterly Dec 2002 - Mar 2023
Total Loans (USD mn) 1,704,813.020 Jan 2024 monthly Jan 1965 - Jan 2024
Total Loans Growth (%) 4.94 Jan 2024 monthly Jan 1966 - Jan 2024
Private Debt: % of Nominal GDP (%) 176.79 Dec 2023 quarterly Mar 1991 - Dec 2023
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) 3,917,547.600 Jan 2024 monthly Jan 1970 - Jan 2024
Money Supply: New M1: sa (KRW bn) 1,223,180.100 Jan 2024 monthly Jan 1970 - Jan 2024
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) 9.0 Mar 2024 monthly Feb 2004 - Mar 2024
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
Business Survey Index: Forecast: Business Condition: All Industries (NA) 72.000 Mar 2024 monthly Feb 2003 - Mar 2024
BSI: Forecast: BC: Services: Wholesale and Retail Trade (NA) 71.000 Mar 2024 monthly Sep 2009 - Mar 2024
BSI: Forecast: BC: Services: Construction (NA) 51.000 Mar 2024 monthly Sep 2009 - Mar 2024
BSI: Forecast: BC: Manufacturing (NA) 75.000 Mar 2024 monthly Feb 2003 - Mar 2024

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