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I. Composite indexes of business conditions (1995=100)

 

1994

1995

1996

1997

1998

1998. NOV.

DEC.

1999 JAN.

FEB.

Leading index

-

101.6

108.6

114.5

110.7

115.7

118.2

102.6

121.5

Roughly coincident index

-

102.6

108.0

109.8

101.1

103.1

103.7

105.4

105.6

Lagging index

-

101.8

106.7

108.7

88.7

80.4

80.9

86.3

87.0

Cycle of coincident composite index

-

102.6

102.2

98.0

57.6

87.4

87.6

88.7

88.5

 

2. Industrial activities (1995=100)

 

1994

1995

1996

1997

1998

1998. NOV.

DEC.

1999 JAN.

FEB.

Industrial production index

89.3

100.0

107.3

114.7

106.6

119.5

123.7

111.9

105.0

Producers' shipment index

88.8

100.0

107.6

113.0

102.7

112.1

123.7

112.8

108.0

Producers' inventory index

92.1

103.7

118.9

125.9

103.8

105.5

105.4

106.5

105.3

Manufacturing production capacity index

91.5

100

107.6

113.6

123.1

126.5

124.1

122.5

122.1

Manufacturing operation ratio index

100.4

100

101.0

98.7

83.0

87.2

89.8

85.0

78.2

Wholesale and retail trade index (constant)

92.6

100

107.0

110.4

96.6

100.8

106.2

98.4

95.5

 

3. Investment

 

1994

1995

1996

1997

1998

1998. NOV.

DEC.

1999 JAN.

FEB.

Value of domestic machinery orders received (billion won)

18,498.3

20,962.6

24,037.5

25,228.7

17,133.5

1,587.3

1,620.7

1,589.5

1,330.1

Value of domestic construction orders received (billion won)

39,393.8

49,025.1

59,535.0

63,258.0

35,928.5

3,080.5

4,517.5

1,672.5

1,760.8

Permitted floor area for building construction (thousand sq. m)

116,221

117,327

113,820

113,372

50,965

3,934

5,482

2,675

2,881

 

4. Labor and wages

 

1994

1995

1996

1997

1998

1998. NOV.

DEC.

1999. JAN.

FEB.

Economically active population (thousand persons)

20,326

20,797

21,188

21,604

21,390

21,408

21,186

20,671

20,562

Employed persons (thousand persons)

19,837

20,377

20,764

21,048

19,926

19,852

19,521

18,909

18,777

Unemployment rate (%)

2.8

2.4

2.0

2.0

6.8

7.3

7.9

8.5

8.7

Labor productivity index (1995=100)

 

 

 

 

 

'98 1/4

2/4

3/4

4/4

90.5

100.0

113.

129.5

145.3

137.0

138.6

142.9

162.8

 

5. Prices (1995=100)

 

1994

1995

1996

1997

1998

1998. NOV.

DEC.

1999 JAN.

FEB.

Consumer price index

95.7

100.0

104.9

109.6

117.8

118.2

118.0

117.9

118.4

Producer price index (1995=100)

-

100.0

103.2

107.2

120.3

119.2

118.5

117.2

117.0

Export price index

-

100.0

97.7

103.8

134.4

120.6

111.9

108.0

106.3

Import price index

-

100.0

100.7

110.3

141.4

131.2

121.9

117.9

115.1

 

6. National accounts (based on 1995 prices)

.

1994

1995

1996

1997

1998

1998 1/4

2/4

3/4

4/4

GNP (billion won)

322,811.5

376,316.4

417,108.4

450,853.3

443,127.0

107,910.4

107,516.7

107,957.2

119,742.6

Growth rate of GNP

16.5

16.6

10.8

8.1

-1.7

7.2

-1.9

-4.2

-6.4

Per capita GNP (U.S. dollars)

8,998

10,823

11,380

10,307

6,823

-

-

-

-

GDP (billion won)

346,448.1

377,349.8

402,821.2

423,006.7

398,312.6

92,613.7

97,492.5

98,520.9

109,685.6

Growth rate of GDP

8.3

8.9

6.8

5.0

-5.8

-3.6

-7.2

-7.1

-5.3

 

7. Money and banking (billion won)

 

1994

1995

1996

1997

1998

1998. NOV.

DEC.

1999. JAN.

FEB.

Bank notes & coins issued

15,089

17,324

17,907

17,786

14,813

14,616.9

14,812.6

14,892.5

16,140.8

Money supply (M1)

32,511

38,873

39,542

35,036

30,058

30,440.5

31,750.9

31,702.5

33,526.0

Money supply (M2)

133,179

153,945

178,312

203,532

226,221

254,276.6

257,682.4

259,739.9

267,806.5

Total liquidity (M3)

442,663

527,017

614,962

700,285

785,955

787,254.2

794,205.3

812,208.5

-

Dishonor ratio (%)

0.17

0.20

0.17

0.52

0.41

0.26

0.17

0.16

0.14

Stock price index (1980.1.4=100)

965.7

934.7

833.4

654.5

408.6

429.2

524.7

597.6

532.9

 

8. Household economy

 

1994

1995

1996

1997

1998

1998 1/4

2/4

3/4

 4/4

Average propensity to consume

71.8

71.0

71.7

70.4

68.5

67.6

66.1

67.0

73.3

Engel's coefficient

29.5

28.8

28.2

28.7

27.6

24.2

27.8

28.5

29.8

 

9. Foreign trade and exchange (million U.S.$)


1994

1995

1996

1997

1998

1998. NOV.

DEC.

1999. JAN.

FEB.

Exports

96,013.2

125,058.0

129,715.1

136,164.2

133,222.7

12,007.0

12,883.0

9,308.3

9,428,.7

L/C arrivals

64,314.1

72,926.3

69,732.8

67,679.8

57,528.1

4,059.2

5,259.2

3,985.8

3,785.7

Imports

102,348.2

135,118.9

150,339.1

144,616.4

93,343.5

8,340.0

8,693.0

8,629.7

7,646.0

Exchange rate of won to U.S. dollar (won)

788.7

774.7

844.2

1,572.2

1,369.4

1,243.7

1,207.8

1,175.3

1,222.4

Gold & foreign exchange holdings (million U.S. dollars)

25,672.7

32,712.1

33,236.7

20,405.5

40,097.1

50,015.2

52,040.8

53,597.8

55,456.7

 

10. Balance of payments (million U.S.$)


.

1994

1995

1996

1997

1998

1998. OCT.

NOV.

DEC.

JAN.

Current account

-3,867

-8,508

-23,005

-8,618

40,039.4

2551.4

3,041.2

3,093.7

1,909.4

Goods and services

-4,660.5

-7,424.0

-21,144.1

-6,379.4

41,544.8

3,162.4

3,262.2

3,254.3

1,825.0

Income

-486.8

-1,302.8

-1,814.5

-2,454.3

-4,807.0

-860.1

-447.7

-419.9

-180.3

Current transfers

1,280.4

218.1

-46.1

667.0

3,301.6

249.1

226.7

259.3

264.7

Capital and financial account

10,295.1

16,785.6

23,326.8

1,314.4

-3,990.8

-615.3

-920.4

-178.0

1,037.1

Financial account

10,731.6

17,273.2

23,924.4

1,922.0

-4,222.1

-601.7

-914.1

-159.8

1,061.4

.

Direct investment

-1,652.1

-1,776.2

-2,344.7

-1,605.2

387.5

272.0

-53.1

-303.4

375.9

.

Portfolio investment

6,120.1

11,590.7

15,184.6

14,763.2

-1,994.8

-137.2

-572.7

1,729.1

-332.9

.

Other investment

6,263.6

7,458.7

11,084.5

10,768.1

-2,614.8

314.3

-325.3

-18.2

-24.3

Capital account

-436.5

-487.6

-597.6

-607.6

231.3

-13.6

-6.3

-13.6

-6.3

Changes in reserve assets

-4,646.2

-7,044.9

-1,388.6

11,918.8

-30,975.0

-1,518.9

-1,651.5

-1,641.8

-1,807.4

Errors and omissions

-1,782

-1,233

1,067

-5,069.4

-5,073.6

-417.2

-469.3

-1,273.9

-1,139.1