South Korea Non Life Insurace: Reinsurance Service Cost: DB

2023 - 2024 | Quarterly | KRW mn | General Insurance Association of Korea

South Korea Non Life Insurace: Reinsurance Service Cost: DB data was reported at 902,484.000 KRW mn in Dec 2024. This records an increase from the previous number of 678,014.000 KRW mn for Sep 2024. South Korea Non Life Insurace: Reinsurance Service Cost: DB data is updated quarterly, averaging 508,579.500 KRW mn from Mar 2023 (Median) to Dec 2024, with 8 observations. The data reached an all-time high of 902,484.000 KRW mn in Dec 2024 and a record low of 176,228.000 KRW mn in Mar 2023. South Korea Non Life Insurace: Reinsurance Service Cost: DB data remains active status in CEIC and is reported by General Insurance Association of Korea. The data is categorized under Global Database’s South Korea – Table KR.RG027: Non Life Insurance: IFRS 17: Key Indicators.

View South Korea's South Korea Non Life Insurace: Reinsurance Service Cost: DB from Mar 2023 to Sep 2024 in the chart:

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South Korea South Korea Non Life Insurace: Reinsurance Service Cost: DB
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South Korea South Korea Non Life Insurace: Reinsurance Service Cost: DB

What was South Korea's South Korea Non Life Insurace: Reinsurance Service Cost: DB in Sep 2024?

Last Previous Min Max Unit Frequency Range
678,014.000 Sep 2024 419,771.000 Jun 2024 176,228.000 Mar 2023 822,455.000 Dec 2023 KRW mn quarterly Mar 2023 - Sep 2024

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South Korea Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 70,250.328 2028 yearly 1980 - 2028
Forecast: Nominal GDP Per Capita (USD) 41,380.693 2028 yearly 1980 - 2028
Forecast: Real GDP Growth (%) 2.340 2027 yearly 1980 - 2027
GDP Deflator Growth (%) 1.4 Mar 2023 quarterly Mar 1961 - Mar 2023
GDP per Capita (USD) 36,113.000 2024 yearly 1953 - 2024
Gross Fixed Capital Formation (USD mn) 138,913.678 Dec 2024 quarterly Mar 1960 - Dec 2024
Gross National Product (GNP) (USD mn) 486,925.148 Dec 2024 quarterly Mar 1960 - Dec 2024
Gross Savings Rate (%) 34.0 Dec 2022 quarterly Mar 1970 - Dec 2022
Investment: % of GDP (%) 30.9 Dec 2024 quarterly Mar 1960 - Dec 2024
Nominal GDP (USD mn) 429,247.3 Mar 2023 quarterly Mar 1960 - Mar 2023
Nominal GDP Growth (%) 5.415 Dec 2024 quarterly Mar 1961 - Dec 2024
Private Consumption Expenditure (USD mn) 222,690.037 Dec 2024 quarterly Mar 1960 - Dec 2024
Private Consumption: % of GDP (%) 47.7 Dec 2024 quarterly Mar 1960 - Dec 2024
Public Consumption Expenditure (USD mn) 79,656.652 Dec 2024 quarterly Mar 1960 - Dec 2024
Public Consumption: % of GDP (%) 16.4 Dec 2024 quarterly Mar 1960 - Dec 2024
Real GDP Growth (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Total Trade of Goods & Services: % of Nominal GDP (%) 85.733 Dec 2024 quarterly Mar 1960 - Dec 2024
Production Last Frequency Range
Gold Production (kg) 128.000 2022 yearly 1990 - 2022
Industrial Production Index Growth (%) 3.6 Jan 2025 monthly Jan 1958 - Jan 2025
Minerals Production (Metric Ton) 5,520,318.000 2022 yearly 2009 - 2022
Motor Vehicle Production (Unit) 4,243,597.000 2023 yearly 1997 - 2023
Silver Production (Metric Ton) 5.800 2021 yearly 1986 - 2021
Construction and Properties Last Frequency Range
Building Permits (Unit) 7,417.000 Jan 2025 monthly Oct 1979 - Jan 2025
House Prices Growth (%) -0.2 Feb 2025 monthly Jan 1987 - Feb 2025
Nominal Residential Property Price Index (2010=100) 142.344 Sep 2024 quarterly Mar 1975 - Sep 2024
Nominal Residential Property Price Index Growth (%) -0.357 Sep 2024 quarterly Mar 1976 - Sep 2024
Real Residential Property Price Index (2010=100) 107.433 Sep 2024 quarterly Mar 1975 - Sep 2024
Real Residential Property Price Index Growth (%) -2.360 Sep 2024 quarterly Mar 1976 - Sep 2024
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.1 Dec 2024 quarterly Jun 2000 - Dec 2024
Forecast: Government Expenditure (KRW bn) 700,035.486 2029 yearly 1995 - 2029
Forecast: Government Net Debt (KRW bn) 1,793,717.560 2029 yearly 1990 - 2029
Forecast: Government Revenue (KRW bn) 701,179.384 2029 yearly 1995 - 2029
Government Debt: % of GDP (%) 45.7 Sep 2024 quarterly Sep 2002 - Sep 2024
National Government Debt (USD mn) 874,032.3 Sep 2024 quarterly Sep 2002 - Sep 2024
Tax Revenue (USD mn) 32,089.423 Jan 2025 monthly Jan 2000 - Jan 2025
Consolidated Fiscal Balance (USD mn) 9,321.082 Jan 2025 monthly Jul 1999 - Jan 2025
Tax Revenue: % of GDP (%) 12.2 Dec 2024 quarterly Mar 2000 - Dec 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 28,788,000.000 Feb 2025 monthly Jan 1983 - Feb 2025
Forecast: Employment (Person mn) 28.727 2024 yearly 1980 - 2024
Forecast: Population (Person mn) 51.305 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 3.000 2029 yearly 1980 - 2029
Labour Force Participation Rate (%) 63.7 Feb 2025 monthly Jun 1999 - Feb 2025
Labour Productivity Growth (%) 1.01 Dec 2024 quarterly Sep 1983 - Dec 2024
Monthly Earnings (USD) 3,200 Dec 2024 monthly Jan 2008 - Dec 2024
Population (Person mn) 51.8 2024 yearly 1956 - 2024
Unemployment Rate (%) 2.70 Feb 2025 monthly Jun 1999 - Feb 2025

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