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I. Composite indexes of business conditions (1995=100)
|
1993 |
1994 |
1995 |
1996 |
1997 |
1998 MAR. |
APR.. |
MAY. |
JUN. |
Leading index |
- |
- |
101.6 |
108.6 |
114.5 |
106.9 |
108.1 |
108.5 |
108.9 |
Roughly coincident index |
- |
- |
102.6 |
108.0 |
109.8 |
100.8 |
101.1 |
99.7 |
99.1 |
Lagging index |
- |
- |
101.8 |
106.7 |
108.7 |
97.8 |
94.4 |
90.6 |
87.5 |
Cycle of coincident composite index |
- |
- |
102.6 |
102.2 |
98.0 |
88.7 |
88.6 |
86.9 |
86.0 |
2. Industrial activities (1995=100)
|
1993 |
1994 |
1995 |
1996 |
1997 |
1998 MAR. |
APR. |
MAY. |
JUN. |
Industrial production index |
80.5 |
89.3 |
100.0 |
107.3 |
114.7 |
105.6 |
105.9 |
103.3 |
100.3 |
Producers' shipment index |
79.4 |
88.8 |
100.0 |
107.6 |
113.0 |
103.8 |
104.0 |
100.0 |
98.1 |
Producers' inventory index |
86.3 |
92.1 |
103.7 |
118.9 |
125.9 |
123.2 |
121.1 |
118.3 |
118.3 |
Manufacturing production capacity index |
88.4 |
91.5 |
100 |
107.6 |
113.6 |
121.7 |
122.2 |
122.1 |
122.8 |
Manufacturing operation ratio index |
96.1 |
100.4 |
100 |
101.0 |
98.7 |
84.6 |
87.0 |
84.5 |
82.9 |
Wholesale and retail trade index
(constant) |
85.2 |
92.6 |
100 |
107.0 |
110.4 |
98.9 |
98.2 |
96.3 |
93.1 |
3. Investment
1993 |
1994 |
1995 |
1996 |
1997 |
1998 MAR. |
APR. |
MAY. |
JUN. |
Value of domestic machinery orders received (billion won) |
14,532.4 |
18,498.3 |
20,962.6 |
24,037.5 |
25,228.7 |
1,511.9 |
1,345.8 |
1,294.6 |
1,375.1 |
Value of domestic construction orders received (billion won) |
33,246.5 |
39,393.8 |
49,025.1 |
59,535.0 |
63,258.0 |
4,619.5 |
2,426.4 |
1,650.3 |
3,865.6 |
Permitted floor area for building construction (thousand sq. m) |
117,790 |
116,221 |
117,327 |
113,820 |
113,372 |
5,653 |
4,253 |
4,163 |
4,510 |
4. Labor and wages
1993 |
1994 |
1995 |
1996 |
1997 |
1998 JAN |
FEB. |
MAY. |
JUN. |
Economically active population (thousand persons) |
19,803 |
20,326 |
20,797 |
21,188 |
21,604 |
21,270 |
21,561 |
21,777 |
21,712 |
Employed persons (thousand persons) |
19,253 |
19,837 |
20,377 |
20,764 |
21,048 |
19,892 |
20,127 |
20,226 |
20,183 |
Unemployment rate (%) |
2.8 |
2.4 |
2.0 |
2.0 |
2.6 |
6.5 |
6.7 |
6.9 |
7.0 |
Labor productivity index (1995=100) |
1997 1/4 |
2/4 |
3/4 |
4/4 |
82.2 |
90.5 |
100.0 |
112.9 |
127.35 |
123.5 |
126.9 |
123.5 |
131.9 |
5. Prices (1995=100)
|
1993 |
1994 |
1995 |
1996 |
1997 |
1998 MAR. |
APR. |
MAY. |
JUN. |
Consumer price index |
90.1 |
95.7 |
100.0 |
104.9 |
109.6 |
118.0 |
118.4 |
117.8 |
117.3 |
Producer price index (1990=100) |
108.6 |
111.6 |
116.8 |
119.9 |
124.6 |
144.8 |
145.4 |
143.1 |
142.9 |
Export price index |
- |
- |
100.0 |
97.7 |
103.8 |
155.5 |
137.3 |
133.7 |
132.6 |
Import price index |
- |
- |
100.0 |
100.7 |
110.3 |
157.6 |
143.2 |
140.9 |
139.5 |
6. National accounts (based on 1990 constant prices)
. |
1993 |
1994 |
1995 |
1996 |
1997 |
1997 2/4 |
3/4 |
4/4 |
1998 1/4 |
GNP (billion won) |
216,162.4 |
234,333.3 |
254,704.9 |
272,200.3 |
285,588.5 |
69,348.6 |
72,195.6 |
79,924.8 |
60,704.3 |
Growth rate of GNP |
5.8 |
8.4 |
8.7 |
6.9 |
4.9 |
5.8 |
5.1 |
3.5 |
-5.3 |
Per capita GNP (U.S. dollars) |
7,484 |
8,467 |
10,037 |
10,543 |
9,511 |
- |
- |
- |
- |
GDP (billion won) |
199,386.5 |
216,929.3 |
236,650.9 |
253,583.3 |
268,979.6 |
64,951.8 |
68,312.8 |
76,054.7 |
58,063.2 |
Growth rate of GDP |
5.8 |
8.8 |
8.8 |
7.1 |
5.5 |
6.6 |
6.1 |
3.9 |
-3.8 |
7. Money and banking (billion won)
|
1993 |
1994 |
1995 |
1996 |
1997 |
1998 MAR. |
APR. |
MAY. |
JUN. |
Bank notes & coins issued |
13,884 |
15,089 |
17,324 |
17,907 |
17,786 |
14,787 |
14,249 |
14,197 |
13,957 |
Money supply (M1) |
29,041 |
32,511 |
38,873 |
39,542 |
35,036 |
29,779 |
28,268 |
28,324 |
28,144 |
Money supply (M2) |
112,219 |
133,179 |
153,945 |
178,312 |
203,532 |
207,088 |
207,377 |
211,718 |
218,786 |
Total liquidity (M3) |
354,933 |
442,663 |
527,017 |
614,962 |
700,285 |
722,666 |
729,688 |
- |
- |
Dishonor ratio (%) |
0.13 |
0.17 |
0.20 |
0.17 |
0.52 |
0.62 |
0.57 |
0.62 |
0.58 |
Stock price index (1980.1.4=100) |
728.2 |
965.7 |
934.7 |
833.4 |
654.5 |
523.0 |
444.2 |
332.0 |
297.9 |
8. Household economy
|
1993 |
1994 |
1995 |
1996 |
1997 |
1997 2/4 |
3/4 |
4/4 |
1998 4/4 |
Average propensity to consume |
72.6 |
71.8 |
71.0 |
71.7 |
70.4 |
71.2 |
67.2 |
72.1 |
67.6 |
Engel's coefficient |
29.3 |
29.5 |
28.8 |
28.2 |
28.7 |
28.7 |
28.5 |
29.8 |
24.2 |
9. Foreign trade and exchange (million U.S.$)
|
1993 |
1994 |
1995 |
1996 |
1997 |
1998
MAR. |
APR. |
MAY.. |
JUN. |
Exports |
82,235.9 |
96,013.2 |
125,058.0 |
129,715.1 |
136,164.2 |
12,076.7 |
12,148.3 |
11,380.3 |
11,823.7 |
L/C arrivals |
55,594.7 |
64,314.1 |
72,926.3 |
69,732.8 |
67,679.8 |
5,712.5 |
5,587.3 |
5,146.3 |
4,696.2 |
Imports |
83,800.1 |
102,348.2 |
135,118.9 |
150,339.1 |
144,616.4 |
8,365.3 |
8,240.4 |
7,659.2 |
7,767.3 |
Exchange rate of won to U.S.
dollar (won) |
808.1 |
788.7 |
774.7 |
844.2 |
1,572.2 |
1,378.8 |
1,338.2 |
1,410.8 |
1,385.2 |
Gold & foreign exchange
holdings (million U.S. dollars) |
20,262.4 |
25,672.7 |
32,712.1 |
33,236.7 |
20,405.5 |
29,749.0 |
35,544.1 |
38,761.2 |
40,900.4 |
10. Balance of payments (million U.S.$)
.
|
1993 |
1994 |
1995 |
1996 |
1997 |
1998
MAR. |
APR. |
MAR. |
JUN. |
Current account |
990 |
-3,867 |
-8,508 |
-23,005 |
-8,618 |
3,651.2 |
3,812.2 |
4,261.6 |
3,433.8 |
Goods and services |
192.3 |
-4,660.5 |
-7,424.0 |
-21,144.1 |
-6,803.0 |
3,761.2 |
3,825.5 |
4,526.0 |
3,574.2 |
Income |
-391.2 |
-486.8 |
-1,302.8 |
-1,814.5 |
-2,676.5 |
-414.7 |
-257.6 |
-453.3 |
-371.1 |
Current transfers |
1,188.4 |
1,280.4 |
218.1 |
-46.1 |
861.7 |
304.7 |
244.4 |
188.9 |
230.7 |
Capital and financial
account |
2,740.7 |
10,295.1 |
16,785.6 |
23,326.8 |
5,438.2 |
1,027.8 |
2,685.7 |
-59.4 |
-47.9 |
Financial account |
3,215.8 |
10,731.6 |
17,273.2 |
23,924.4 |
6,027.6 |
1,039.2 |
2,581.9 |
-349.8 |
-39.1 |
. |
Direct investment |
-751.9 |
-1,652.1 |
-1,776.2 |
-2,344.7 |
-1,946.8 |
-215.9 |
-62.6 |
204.8 |
-1.3 |
. |
Portfolio
investment |
-10,014.4 |
6,120.1 |
11,590.7 |
15,184.6 |
14,763.2 |
-1,364.0 |
3,816.3 |
-1,156.7 |
-2,050.7 |
. |
Other investment |
-6,046.7 |
6,263.6 |
7,458.7 |
11,084.5 |
-6,788.8 |
-116.2 |
-1,171.8 |
602.1 |
-2,012.9 |
Capital account |
-475.1 |
-436.5 |
-487.6 |
-597.6 |
-589.4 |
-11.4 |
103.8 |
290.4 |
-8.8 |
Changes in reserve
assets |
-3,007.7 |
-4,646.2 |
-7,044.9 |
-1,388.6 |
11,918.8 |
-3,060.3 |
-5,767.5 |
-3,287.9 |
-2,207.2 |
Errors and omissions |
-723 |
-1,782 |
-1,233 |
1,067 |
-8,739 |
-377.7 |
-275.6 |
-914.3 |
-1178.7 |


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