South Korea Forecast: Unemployment Rate

1980 - 2029 | Yearly | % | International Monetary Fund

Key information about South Korea Unemployment Rate Forecast

  • South Korea Unemployment Rate is forecasted to be 2.900 % in Dec 2024 as reported by International Monetary Fund
  • It records no change from the last reported number of 2.700 % in Dec 2023
  • Looking ahead, South Korea Unemployment Rate is projected to stand at 3.000 % in Dec 2029
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Unemployment Rate

View South Korea's Forecast: Unemployment Rate from 1980 to 2029 in the chart:

South Korea Forecast: Unemployment Rate

What is South Korea's Forecast: Unemployment Rate in 2029?

South Korea Unemployment Rate is forecasted to be 2.900 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.000 2029 3.000 2028 2.058 1996 6.950 1998 % yearly 1980 - 2029

Forecast: Unemployment Rate by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 10.700 2029 yearly 1980 - 2029
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 1.550 2029 yearly 2010 - 2029
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 7.000 2029 yearly 1980 - 2029
Armenia (%) 14.000 2029 yearly 2001 - 2029
Aruba (%) 5.091 2026 yearly 1991 - 2026
Australia (%) 4.524 2029 yearly 1980 - 2029
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 5.098 2029 yearly 2000 - 2029
Bahamas (%) 9.500 2029 yearly 1986 - 2029
Bahrain (%) 6.300 2023 yearly 2007 - 2023
Bangladesh (%) 0.000 yearly -
Barbados (%) 7.677 2029 yearly 1981 - 2029
Belarus (%) 2.898 2029 yearly 1993 - 2029
Belgium (%) 5.700 2029 yearly 1980 - 2029
Belize (%) 3.400 2029 yearly 1990 - 2029
Benin (%) 0.000 yearly -
Bhutan (%) 3.500 2023 yearly 2003 - 2023
Bolivia (%) 5.200 2029 yearly 2000 - 2029
Bosnia and Herzegovina (%) 13.200 2029 yearly 1995 - 2029
Botswana (%) 0.000 yearly -
Brazil (%) 7.482 2029 yearly 1991 - 2029
Brunei (%) 4.900 2029 yearly 2011 - 2029
Bulgaria (%) 4.000 2029 yearly 1989 - 2029
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 5.960 2029 yearly 1980 - 2029
Cape Verde (%) 8.500 2029 yearly 1980 - 2029
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.500 2029 yearly 1980 - 2029
China (%) 5.100 2029 yearly 2017 - 2029
Colombia (%) 9.400 2029 yearly 1980 - 2029
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 9.000 2026 yearly 1980 - 2026
Croatia (%) 5.466 2029 yearly 1991 - 2029
Cyprus (%) 4.979 2029 yearly 1982 - 2029
Czech Republic (%) 2.300 2028 yearly 1995 - 2028
Democratic Republic of Congo (%) 0.000 yearly -
Denmark (%) 5.000 2028 yearly 1980 - 2028
Djibouti (%) 0.000 yearly -
Dominica (%) 0.000 yearly -
Dominican Republic (%) 6.000 2029 yearly 1991 - 2029
Ecuador (%) 3.500 2029 yearly 1988 - 2029
Egypt (%) 5.502 2029 yearly 1990 - 2029
El Salvador (%) 5.216 2029 yearly 1988 - 2029
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.508 2029 yearly 1993 - 2029
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2029 yearly 1986 - 2029
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 14.500 2029 yearly 1996 - 2029
Germany (%) 2.963 2028 yearly 1980 - 2028
Ghana (%) 0.000 yearly -
Greece (%) 9.000 2028 yearly 1980 - 2028
Grenada (%) 0.000 yearly -
Guatemala (%) 0.000 yearly -
Guinea (%) 0.000 yearly -
Guinea-Bissau (%) 0.000 yearly -
Guyana (%) 0.000 yearly -
Haiti (%) 0.000 yearly -
Honduras (%) 8.000 2029 yearly 1980 - 2029
Hong Kong SAR, China (%) 2.669 2029 yearly 1980 - 2029
Hungary (%) 3.689 2029 yearly 1980 - 2029
Iceland (%) 4.000 2029 yearly 1980 - 2029
India (%) 0.000 yearly -
Indonesia (%) 5.100 2029 yearly 1984 - 2029
Iran (%) 9.000 2029 yearly 1990 - 2029
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 3.900 2029 yearly 1980 - 2029
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 4.400 2023 yearly 1980 - 2023
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 21.975 2023 yearly 1984 - 2023
Kazakhstan (%) 4.775 2029 yearly 1994 - 2029
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 3.000 2029 yearly 1980 - 2029
Kosovo (%) 10.875 2023 yearly 2012 - 2023
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 9.014 2029 yearly 1994 - 2029
Laos (%) 0.000 yearly -
Latvia (%) 6.286 2029 yearly 1992 - 2029
Lebanon (%) 0.000 yearly -
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

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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: Short-Term (KRW bn) 0.000 Jun 2024 quarterly Sep 2002 - Jun 2024
Central Govt Debt: Domestic (KRW bn) 1,135,534.000 Jun 2024 quarterly Dec 2002 - Jun 2024
Central Govt Debt (KRW bn) 1,145,896.000 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) 1,167,300.000 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: Imports fob (USD mn) 42,392.700 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: Exports fob (USD mn) 53,778.700 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: Secondary Income: Credit (USD mn) 851.500 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: G&S: Services: Debit (USD mn) 13,886.000 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: 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: Primary Income (USD mn) 2,885.800 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: Secondary Income (USD mn) -465.300 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: G&S: Services: Credit (USD mn) 11,811.900 Sep 2024 monthly Jan 1980 - Sep 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
International Investment Position: Net (USD mn) 858,450.400 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: Households (KRW bn) 614,344.50 Mar 2018 monthly Jan 1975 - Mar 2018
Deposits: CSB: Corporations (KRW bn) 396,621.30 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: Corporate and Household (CH) (KRW tn) 2,451.900 Sep 2024 monthly Dec 2013 - Sep 2024
Loans of CSBs: CH: Household: Mortgage (KRW tn) 896.800 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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