South Korea Forecast: Employment

1980 - 2024 | Yearly | Person mn | International Monetary Fund

Key information about South Korea Employment Forecast

  • South Korea Employment is forecasted to be 28.727 Person mn in Dec 2024 as reported by International Monetary Fund
  • It records an increase from the last reported number of 28.274 Person mn in Dec 2023
  • Looking ahead, South Korea Employment is projected to stand at 28.727 Person mn in Dec 2024
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Employment

View South Korea's Forecast: Employment from 1980 to 2024 in the chart:

South Korea Forecast: Employment

What is South Korea's Forecast: Employment in 2024?

South Korea Employment is forecasted to be 28.727 Person mn in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
28.727 2024 28.274 2023 13.520 1980 28.727 2024 Person mn yearly 1980 - 2024

Forecast: Employment by Country Comparison

country/region Last Frequency Range
Andorra (Person mn) 0.047 2022 yearly 2010 - 2022
Andorra (Person mn) 0.047 2022 yearly 2010 - 2022
Australia (Person mn) 13.897 2024 yearly 1980 - 2024
Austria (Person mn) 4.444 2025 yearly 1980 - 2025
Belgium (Person mn) 5.189 2024 yearly 1980 - 2024
Canada (Person mn) 20.853 2025 yearly 1980 - 2025
Croatia (Person mn) 1.755 2025 yearly 1991 - 2025
Cyprus (Person mn) 0.447 2024 yearly 1981 - 2024
Czech Republic (Person mn) 5.100 2025 yearly 1995 - 2025
Denmark (Person mn) 2.944 2024 yearly 1980 - 2024
Estonia (Person mn) 0.702 2025 yearly 1993 - 2025
Finland (Person mn) 2.617 2025 yearly 1980 - 2025
France (Person mn) 28.596 2025 yearly 1980 - 2025
Germany (Person mn) 42.367 2024 yearly 1980 - 2024
Greece (Person mn) 4.132 2024 yearly 1980 - 2024
Guatemala (Person mn) 0.000 yearly -
Hong Kong SAR, China (Person mn) 3.656 2024 yearly 1980 - 2024
Iceland (Person mn) 0.224 2024 yearly 1980 - 2024
Ireland (Person mn) 2.774 2025 yearly 1986 - 2025
Israel (Person mn) 4.411 2024 yearly 1980 - 2024
Italy (Person mn) 24.018 2025 yearly 1980 - 2025
Japan (Person mn) 67.598 2024 yearly 1980 - 2024
South Korea (Person mn) 28.727 2024 yearly 1980 - 2024
Latvia (Person mn) 0.887 2025 yearly 1992 - 2025
Lithuania (Person mn) 1.469 2025 yearly 1999 - 2025
Luxembourg (Person mn) 0.519 2024 yearly 1980 - 2024
Macau SAR, China (Person mn) 0.449 2025 yearly 2001 - 2025
North Macedonia (Person mn) 0.000 yearly -
Malta (Person mn) 0.312 2025 yearly 1983 - 2025
Netherlands (Person mn) 9.592 2024 yearly 1980 - 2024
New Zealand (Person mn) 3.016 2025 yearly 1980 - 2025
Nicaragua (Person mn) 0.000 yearly -
Norway (Person mn) 2.915 2025 yearly 1980 - 2025
Portugal (Person mn) 5.181 2025 yearly 1980 - 2025
Puerto Rico (Person mn) 0.882 2022 yearly 1980 - 2022
San Marino (Person mn) 0.022 2013 yearly 2001 - 2013
Singapore (Person mn) 3.833 2024 yearly 1980 - 2024
Slovakia (Person mn) 2.431 2025 yearly 1993 - 2025
Slovenia (Person mn) 1.092 2024 yearly 1992 - 2024
Spain (Person mn) 20.671 2024 yearly 1980 - 2024
Sweden (Person mn) 5.183 2024 yearly 1980 - 2024
Switzerland (Person mn) 5.238 2024 yearly 1980 - 2024
Taiwan (Person mn) 11.386 2024 yearly 1980 - 2024
Thailand (Person mn) 0.000 yearly -
United Kingdom (Person mn) 33.600 2025 yearly 1980 - 2025
United States (Person mn) 159.103 2024 yearly 1980 - 2024

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South Korea Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.3 Jun 2024 quarterly Jun 2000 - Jun 2024
Consolidated Fiscal Balance (USD mn) 1,471.760 Aug 2024 monthly Jul 1999 - Aug 2024
Tax Revenue (USD mn) 17,359.304 Sep 2024 monthly Jan 2000 - Sep 2024
Tax Revenue: % of GDP (%) 13.2 Jun 2024 quarterly Mar 2000 - Jun 2024
National Government Debt (USD mn) 832,443.4 Jun 2024 quarterly Sep 2002 - Jun 2024
Government Debt: % of GDP (%) 46.1 Jun 2024 quarterly Sep 2002 - Jun 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
National Debt (ND) (KRW bn) 1,126,800.000 2023 yearly 1997 - 2023
Central Govt Debt: Foreign (KRW bn) 10,362.000 Jun 2024 quarterly Dec 2002 - Jun 2024
Central Govt Debt: Domestic (KRW bn) 1,135,534.000 Jun 2024 quarterly Dec 2002 - Jun 2024
Central Govt Debt: Short-Term (KRW bn) 0.000 Jun 2024 quarterly Sep 2002 - Jun 2024
Central Govt Debt: Medium & Long Term (KRW bn) 1,145,700.000 Jun 2024 quarterly Sep 2002 - Jun 2024
Central Govt Debt (KRW bn) 1,145,896.000 Jun 2024 quarterly Sep 2002 - Jun 2024
Central Govt Debt (KRW bn) 1,167,300.000 Aug 2024 monthly Jan 2014 - Aug 2024
Public Sector Debt (KRW bn) 1,588,700.000 2022 yearly 2011 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.037 2029 yearly 1980 - 2029
Trade Balance (USD mn) 3,167.0 Oct 2024 monthly Jan 1966 - Oct 2024
Total Exports (USD mn) 57,517.0 Oct 2024 monthly Jan 1966 - Oct 2024
Total Exports Growth (%) 4.6 Oct 2024 monthly Jan 1967 - Oct 2024
Aluminum: Exports (USD th) 3,728,290.173 2023 yearly 1995 - 2023
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) 54,350.0 Oct 2024 monthly Jan 1966 - Oct 2024
Total Imports Growth (%) 1.7 Oct 2024 monthly Jan 1967 - Oct 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) 10,401.559 Oct 2024 monthly Apr 1964 - Oct 2024
Total Imports from USA (USD mn) 5,971.769 Oct 2024 monthly Apr 1964 - Oct 2024
Total Exports to China (USD mn) 12,176.591 Oct 2024 monthly Jan 1988 - Oct 2024
Total Imports from China (USD mn) 12,515.149 Oct 2024 monthly Jan 1988 - Oct 2024
Trade Balance: First 10 days (USD mn) -2,163.997 Oct 2024 monthly Jan 2016 - Oct 2024
Imports: First 10 days (USD mn) 17,477.115 Oct 2024 monthly Jan 2016 - Oct 2024
Exports: First 10 days (USD mn) 15,313.118 Oct 2024 monthly Jan 2016 - Oct 2024
Imports: Middle East: Qatar (USD th) 1,039,801.000 Sep 2024 monthly Jan 1993 - Sep 2024
Imports: Natural Gas: Quantity (Ton th) 4,552.00 Feb 2018 monthly Nov 1990 - Feb 2018
Motor Vehicle: Exports (Unit) 243,367.000 Oct 2024 monthly Jan 1981 - Oct 2024
Export Value Index (2015=100) 122.334 2021 yearly 1980 - 2021
Import Value Index (2015=100) 140.915 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,469.2 Sep 2024 monthly Jan 1980 - Sep 2024
Current Account Balance (USD mn) 8,186.7 Sep 2024 monthly Jan 1980 - Sep 2024
Current Account Balance: % of GDP (USD mn) 8,186.7 Sep 2024 monthly Jan 1980 - Sep 2024
Foreign Direct Investment (USD mn) 2,558.8 Jun 2023 monthly Jan 1980 - Jun 2023
Foreign Direct Investment: % of GDP (%) 0.6 Jun 2024 quarterly Mar 1980 - Jun 2024
Foreign Portfolio Investment (USD mn) 5,244.800 Sep 2024 quarterly Mar 1980 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 1.2 Jun 2024 quarterly Mar 1980 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -4,992.2 Sep 2024 quarterly Mar 1980 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 10,237.000 Sep 2024 quarterly Mar 1980 - Sep 2024
External Debt (USD mn) 658,284.1 Jun 2024 quarterly Dec 1994 - Jun 2024
External Debt: % of GDP (%) 36.6 2023 yearly 1994 - 2023
External Debt: Short Term (USD mn) 141,962.9 Jun 2024 quarterly Dec 1994 - Jun 2024
External Debt: Short Term: % of GDP (%) 7.7 2023 yearly 1994 - 2023
Total Debt: % of GDP (%) 701.8 Jun 2024 quarterly Dec 2008 - Jun 2024
Forecast: Current Account Balance (USD bn) 97.775 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 858,450.400 Jun 2024 quarterly Dec 1994 - Jun 2024
BoP: CA: G&S: SV: Credit (USD mn) 8,183.800 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: CA: Secondary Incomes: Debit (USD mn) 1,713.900 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: DI: Direct Investment Assets (USD mn) 6,294.200 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 Asset (PIA) (USD mn) 3,416.100 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: Financial Derivatives (FD) (USD mn) -484.100 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: FD: Assets (USD mn) -4,690.900 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: FD: Liabilities (USD mn) -4,206.800 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: Other Investment (OI) (USD mn) -2,828.400 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: OI: Other Investment Liabilities (OIL) (USD mn) 7,661.800 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: G&S: Services (SV) (USD mn) -2,093.900 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: sa: CA: Primary Income: Credit (USD mn) 6,152.700 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: G&S: Goods (USD mn) 7,840.300 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: Secondary Income: Debit (USD mn) 1,316.800 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: Primary Income: Debit (USD mn) 3,266.900 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: G&S: Goods: Imports fob (USD mn) 54,393.200 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: Secondary Income: Credit (USD mn) 851.500 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: G&S: Services: Debit (USD mn) 13,886.000 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: Primary Income (USD mn) 2,885.800 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: G&S: Services: Credit (USD mn) 11,811.900 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: G&S: Goods: Exports fob (USD mn) 62,233.500 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: G&S: Services (USD mn) -2,074.100 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: Secondary Income (USD mn) -465.300 Sep 2024 monthly Jan 1980 - Sep 2024
International Investment Position: Net (USD mn) 858,450.400 Jun 2024 quarterly Dec 1994 - Jun 2024
International Investment Position: Liabilities (USD mn) 1,536,744.900 Jun 2024 quarterly Dec 1994 - Jun 2024
International Investment Position: Assets (USD mn) 2,395,195.300 Jun 2024 quarterly Dec 1994 - Jun 2024
External Debt: Gross: Long Term (LT) (USD mn) 516,321.200 Jun 2024 quarterly Dec 1994 - Jun 2024
Outward Direct Investment: Total Invested (USD mn) 4,400.508 Jun 2024 monthly Jan 1981 - Jun 2024
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) 72.500 Sep 2024 monthly Jan 2015 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 Jun 2024 quarterly Jun 2001 - Jun 2024
Household Debt: % of GDP (%) 93.9 Jun 2024 quarterly Dec 2002 - Jun 2024
Non-Performing Loans (USD mn) 7,217.246 Jun 2024 quarterly Jun 2001 - Jun 2024
Money Supply M1 (USD mn) 920,105.090 Aug 2024 monthly Jan 1970 - Aug 2024
Money Supply M2 (USD mn) 3,042,862.350 Aug 2024 monthly Jan 1970 - Aug 2024
M2 Growth (%) 6.2 Aug 2024 monthly Jan 1971 - Aug 2024
Reserve Requirement Ratio (%) 7.0 Oct 2024 monthly Nov 1979 - Oct 2024
Foreign Exchange Reserves (USD mn) 391,672.1 Oct 2024 monthly Dec 1956 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 7.000 Oct 2024 monthly Nov 1979 - Oct 2024
Foreign Exchange Reserves: Months of Import (NA) 7.2 Oct 2024 monthly Jan 1971 - Oct 2024
Gold Reserves (USD mn) 4,794.759 Oct 2024 monthly Dec 1956 - Oct 2024
Total Deposits (USD mn) 1,939,483.982 Aug 2024 monthly Sep 1992 - Aug 2024
Total Deposits Growth (%) 5.1 Aug 2024 monthly Sep 1993 - Aug 2024
Domestic Credit (USD mn) 3,543,745.7 Aug 2024 monthly Dec 2001 - Aug 2024
Domestic Credit Growth (%) 5.7 Aug 2024 monthly Dec 2002 - Aug 2024
Debt Service Ratio: Households (%) 14.100 Dec 2023 quarterly Mar 1999 - Dec 2023
Debt Service Ratio: Private Non-Financial Sector (%) 23.600 Dec 2023 quarterly Mar 1999 - Dec 2023
Credit to Households (USD bn) 1,731.240 Dec 2023 quarterly Dec 1962 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 3,838.578 Dec 2023 quarterly Dec 1962 - Dec 2023
Household Debt (USD mn) 1,742,901.9 Mar 2023 quarterly Dec 2002 - Mar 2023
Total Loans (USD mn) 1,773,610.554 Aug 2024 monthly Jan 1965 - Aug 2024
Total Loans Growth (%) 6.60 Aug 2024 monthly Jan 1966 - Aug 2024
Private Debt: % of Nominal GDP (%) 162.85 Jun 2024 quarterly Mar 1991 - Jun 2024
Money Supply: New M2: Certificate of Deposit (KRW bn) 24,533.00 Mar 2018 monthly Jun 1984 - Mar 2018
Money Supply: New M1: sa (KRW bn) 1,229,260.400 Aug 2024 monthly Jan 1970 - Aug 2024
Money Supply: New M2: sa (KRW bn) 4,065,264.100 Aug 2024 monthly Jan 1970 - Aug 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
Loans of CSBs: CH: Household: Mortgage (KRW tn) 896.800 Sep 2024 monthly Dec 2013 - Sep 2024
Loans of CSBs: Corporate and Household (CH) (KRW tn) 2,451.900 Sep 2024 monthly Dec 2013 - Sep 2024
Loans of CSBs: CH: Household (KRW tn) 1,135.700 Sep 2024 monthly Dec 2013 - Sep 2024
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) 2.0 Nov 2024 monthly Feb 2004 - Nov 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

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