South Korea Retail Sales Growth

1996 - 2023 | Monthly | % | CEIC Data

Key information about South Korea Retail Sales Growth

  • South Korea Retail Sales dropped 0.7 % YoY in Apr 2023, compared with a 0.5 % increase in the previous month.
  • South Korea Retail Sales Growth YoY data is updated monthly, available from Jan 1996 to Apr 2023, with an average growth rate of 3.6 %.
  • The data reached an all-time high of 18.1 % in May 2000 and a record low of -17.3 % in Jul 1998.
  • In the latest reports, Car Sales of South Korea recorded 173,529.0 units in May 2023, representing a growth of 2.7 %.

CEIC calculates monthly Retail Sales: Incl. Motor Vehicles Growth from monthly Real Retail Sales Index. Statistics Korea provides Real Retail Sales Index with base 2020=100.

View South Korea's Retail Sales Growth from Jan 1996 to Apr 2023 in the chart:

South Korea Retail Sales Growth

What was South Korea's Retail Sales Growth in Apr 2023?

South Korea Retail Sales dropped 0.7 % YoY in Apr 2023, compared with a 0.5 % increase in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-0.7 Apr 2023 0.5 Mar 2023 -17.3 Jul 1998 18.1 May 2000 % monthly Jan 1996 - Apr 2023

Retail Sales Growth by Country Comparison

Buy Selected Data

Includes Retail Sales Growth on 76 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 4.5 Mar 2023 monthly Jan 2006 - Mar 2023
Argentina (%) -9.3 Mar 2024 monthly Jan 2018 - Mar 2024
Armenia (%) 10.1 Mar 2024 monthly Jan 2001 - Mar 2024
Australia (%) 4.2 May 2023 monthly Apr 1983 - May 2023
Austria (%) -4.7 Dec 2023 monthly Jan 2007 - Dec 2023
Azerbaijan (%) 2.7 Mar 2024 monthly Dec 2007 - Mar 2024
Belarus (%) 9.4 Apr 2024 monthly Oct 2008 - Apr 2024
Belgium (%) -5.3 Mar 2024 monthly Jan 2007 - Mar 2024
Bosnia and Herzegovina (%) 15.4 Apr 2023 monthly Jan 2013 - Apr 2023
Brazil (%) 4.3 Feb 2024 monthly Jan 2001 - Feb 2024
Bulgaria (%) -0.6 Apr 2023 monthly Jan 2001 - Apr 2023
Canada (%) 1.1 Apr 2023 monthly Jan 1992 - Apr 2023
Chile (%) 4.3 Feb 2024 monthly Jan 2015 - Feb 2024
China (%) 12.7 May 2023 monthly Jan 1994 - May 2023
Colombia (%) -3.9 Mar 2024 monthly Jan 2014 - Mar 2024
Croatia (%) 3.3 Apr 2023 monthly Jan 2001 - Apr 2023
Cyprus (%) 5.2 Mar 2024 monthly Jan 2006 - Mar 2024
Czech Republic (%) 3.8 Mar 2024 monthly Jan 2001 - Mar 2024
Denmark (%) 0.4 May 2023 monthly Jan 2001 - May 2023
Egypt (%) 1.4 2020 yearly 1996 - 2020
Estonia (%) 0.3 Dec 2023 quarterly Mar 1996 - Dec 2023
European Union (%) 1.6 Mar 2024 monthly Jan 2000 - Mar 2024
Finland (%) 0.8 Dec 2023 monthly Jan 1996 - Dec 2023
France (%) 1.1 Feb 2024 monthly Jan 1996 - Feb 2024
Georgia (%) 7.2 Dec 2023 quarterly Mar 2010 - Dec 2023
Germany (%) -4.4 Apr 2023 monthly Jan 1995 - Apr 2023
Greece (%) -12.4 Feb 2024 monthly Jan 2001 - Feb 2024
Hong Kong SAR, China (%) 16.6 May 2023 monthly Jan 1982 - May 2023
Hungary (%) 3.6 Mar 2024 monthly Jan 2001 - Mar 2024
Iceland (%) 8.6 Feb 2024 monthly Feb 2002 - Feb 2024
Indonesia (%) 0.0 May 2023 monthly Jan 2011 - May 2023
Ireland (%) 1.3 Mar 2024 monthly Jan 2006 - Mar 2024
Israel (%) 3.0 Feb 2024 monthly Jan 1998 - Feb 2024
Italy (%) 0.1 Mar 2024 monthly Jan 2001 - Mar 2024
Japan (%) 5.2 Apr 2023 monthly Oct 1992 - Apr 2023
Kazakhstan (%) 5.4 May 2023 monthly Jan 2006 - May 2023
South Korea (%) -0.7 Apr 2023 monthly Jan 1996 - Apr 2023
Kyrgyzstan (%) 10.7 2022 yearly 1990 - 2022
Latvia (%) 2.9 Mar 2024 monthly Jan 2001 - Mar 2024
Lithuania (%) 3.8 Mar 2024 monthly Jan 1999 - Mar 2024
Luxembourg (%) 7.3 Apr 2024 monthly Jan 2006 - Apr 2024
Macau SAR, China (%) -12.5 Mar 2024 quarterly Mar 2002 - Mar 2024
North Macedonia (%) -0.4 Mar 2024 monthly Jan 2011 - Mar 2024
Malaysia (%) 12.9 Apr 2023 monthly Jan 2014 - Apr 2023
Malta (%) 1.3 Mar 2024 quarterly Mar 2001 - Mar 2024
Mexico (%) 4.6 Apr 2023 monthly Jan 2002 - Apr 2023
Moldova (%) 13.8 Mar 2024 monthly Jan 2011 - Mar 2024
Mongolia (%) 14.9 Dec 2023 quarterly Mar 2012 - Dec 2023
Montenegro (%) 8.5 Apr 2023 monthly Jan 2007 - Apr 2023
Netherlands (%) -4.2 May 2023 monthly Jan 2001 - May 2023
New Zealand (%) 0.9 Mar 2024 quarterly Sep 1996 - Mar 2024
Norway (%) 0.5 Mar 2024 monthly Jan 1980 - Mar 2024
Palestinian Territory (%) -0.2 2018 yearly 2011 - 2018
Peru (%) 6.1 Jan 2024 monthly Jan 2015 - Jan 2024
Poland (%) -1.8 Apr 2023 monthly Jan 2001 - Apr 2023
Portugal (%) 3.1 May 2023 monthly Jan 2001 - May 2023
Qatar (%) 6.9 2021 yearly 1987 - 2021
Romania (%) 4.2 Mar 2024 monthly Jan 2001 - Mar 2024
Russia (%) 11.1 Mar 2024 monthly Jan 1994 - Mar 2024
Serbia (%) -6.2 May 2023 monthly Dec 2004 - May 2023
Singapore (%) 0.9 Mar 2024 monthly Jan 1986 - Mar 2024
Slovakia (%) 0.5 Mar 2024 monthly Jan 2001 - Mar 2024
Slovenia (%) -0.7 Mar 2024 monthly Jan 2001 - Mar 2024
South Africa (%) 1.0 Mar 2024 monthly Jan 2003 - Mar 2024
Spain (%) 3.1 Dec 2023 monthly Jan 2001 - Dec 2023
Sweden (%) -3.9 May 2023 monthly Jan 1991 - May 2023
Switzerland (%) -3.4 Apr 2023 monthly Jan 2001 - Apr 2023
Taiwan (%) 1.7 Feb 2022 monthly Jan 2000 - Feb 2022
Thailand (%) 0.5 Mar 2023 monthly Jan 1996 - Mar 2023
Turkey (%) 11.2 Dec 2023 monthly Jan 2011 - Dec 2023
Ukraine (%) -3.1 Dec 2022 monthly Jan 2008 - Dec 2022
United Kingdom (%) -2.1 May 2023 monthly Jan 1997 - May 2023
United States (%) 1.0 May 2023 monthly Jan 1993 - May 2023
Uzbekistan (%) -4.0 Apr 2023 monthly Jan 2019 - Apr 2023
Venezuela (%) -53.5 Jan 2019 monthly Jan 2005 - Jan 2019
Vietnam (%) 7.1 Apr 2024 monthly Sep 2004 - Apr 2024

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

South Korea Key Series

Buy Selected Data

Includes 476 key indicators for South Korea, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.6 Dec 2023 quarterly Jun 2000 - Dec 2023
Consolidated Fiscal Balance (USD mn) -26,161.785 Mar 2024 monthly Jul 1999 - Mar 2024
Tax Revenue (USD mn) 20,200.121 Mar 2024 monthly Jan 2000 - Mar 2024
Tax Revenue: % of GDP (%) 13.2 Dec 2023 quarterly Mar 2000 - Dec 2023
National Government Debt (USD mn) 846,274.5 Dec 2023 quarterly Sep 2002 - Dec 2023
Government Debt: % of GDP (%) 48.9 Dec 2023 quarterly Sep 2002 - Dec 2023
Forecast: Government Expenditure (KRW bn) 679,848.650 2028 yearly 1995 - 2028
Forecast: Government Net Debt (KRW bn) 1,715,144.394 2029 yearly 1990 - 2029
Forecast: Government Revenue (KRW bn) 679,687.380 2028 yearly 1995 - 2028
National Debt (ND) (KRW bn) 1,067,700.000 2022 yearly 1997 - 2022
Central Govt Debt: Domestic (KRW bn) 1,081,040.000 Dec 2023 quarterly Dec 2002 - Dec 2023
Central Govt Debt (KRW bn) 1,092,515.000 Dec 2023 quarterly Sep 2002 - Dec 2023
Central Govt Debt: Short-Term (KRW bn) 0.000 Dec 2023 quarterly Sep 2002 - Dec 2023
Central Govt Debt: Medium & Long Term (KRW bn) 1,092,319.000 Dec 2023 quarterly Sep 2002 - Dec 2023
Central Govt Debt: Foreign (KRW bn) 11,475.000 Dec 2023 quarterly Dec 2002 - Dec 2023
Public Sector Debt (KRW bn) 1,588,700.000 2022 yearly 2011 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.043 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,956.0 May 2024 monthly Jan 1966 - May 2024
Total Exports (USD mn) 58,145.0 May 2024 monthly Jan 1966 - May 2024
Total Exports Growth (%) 11.7 May 2024 monthly Jan 1967 - May 2024
Aluminum: Exports (USD th) 4,568,165.809 2022 yearly 1995 - 2022
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) 53,189.0 May 2024 monthly Jan 1966 - May 2024
Total Imports Growth (%) -2.0 May 2024 monthly Jan 1967 - May 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) 10,933.000 May 2024 monthly Apr 1964 - May 2024
Total Imports from USA (USD mn) 6,371.000 May 2024 monthly Apr 1964 - May 2024
Total Exports to China (USD mn) 10,463.178 Apr 2024 monthly Jan 1988 - Apr 2024
Total Imports from China (USD mn) 12,281.000 May 2024 monthly Jan 1988 - May 2024
Trade Balance: First 10 days (USD mn) -554.494 May 2024 monthly Jan 2016 - May 2024
Imports: First 10 days (USD mn) 17,365.767 May 2024 monthly Jan 2016 - May 2024
Exports: First 10 days (USD mn) 16,811.273 May 2024 monthly Jan 2016 - May 2024
Imports: Middle East: Qatar (USD th) 1,498,371.000 Apr 2024 monthly Jan 1993 - Apr 2024
Imports: Natural Gas: Quantity (Ton th) 4,552.00 Feb 2018 monthly Nov 1990 - Feb 2018
Motor Vehicle: Exports (Unit) 254,496.000 May 2024 monthly Jan 1981 - May 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,830.7 Mar 2024 monthly Jan 1980 - Mar 2024
Current Account Balance (USD mn) 6,361.5 Mar 2024 monthly Jan 1980 - Mar 2024
Current Account Balance: % of GDP (USD mn) 6,361.5 Mar 2024 monthly Jan 1980 - Mar 2024
Foreign Direct Investment (USD mn) 2,558.8 Jun 2023 monthly Jan 1980 - Jun 2023
Foreign Direct Investment: % of GDP (%) 1.2 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment (USD mn) 16,327.500 Mar 2024 quarterly Mar 1980 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 1.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 12,245.6 Mar 2024 quarterly Mar 1980 - Mar 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,081.900 Mar 2024 quarterly Mar 1980 - Mar 2024
External Debt (USD mn) 667,485.3 Mar 2024 quarterly Dec 1994 - Mar 2024
External Debt: % of GDP (%) 39.3 2023 yearly 1994 - 2023
External Debt: Short Term (USD mn) 141,025.2 Mar 2024 quarterly Dec 1994 - Mar 2024
External Debt: Short Term: % of GDP (%) 8.2 2023 yearly 1994 - 2023
Total Debt: % of GDP (%) 757.9 Dec 2023 quarterly Dec 2008 - Dec 2023
Forecast: Current Account Balance (USD bn) 66.020 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 830,980.800 Mar 2024 quarterly Dec 1994 - Mar 2024
BoP: CA: G&S: Goods: Exports fob (USD mn) 53,778.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: SV: Credit (USD mn) 8,183.800 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: 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: 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: sa: CA: G&S: Goods: Imports fob (USD mn) 48,647.100 Mar 2024 monthly Jan 1980 - Mar 2024
BoP: sa: CA: Secondary Income: Credit (USD mn) 756.600 Mar 2024 monthly Jan 1980 - Mar 2024
BoP: sa: CA: G&S: Goods: Exports fob (USD mn) 56,029.700 Mar 2024 monthly Jan 1980 - Mar 2024
BoP: sa: CA: Secondary Income: Debit (USD mn) 1,305.200 Mar 2024 monthly Jan 1980 - Mar 2024
BoP: sa: CA: Primary Income: Credit (USD mn) 5,766.200 Mar 2024 monthly Jan 1980 - Mar 2024
BoP: sa: CA: G&S: Services: Credit (USD mn) 10,949.600 Mar 2024 monthly Jan 1980 - Mar 2024
BoP: sa: CA: Primary Income: Debit (USD mn) 3,256.900 Mar 2024 monthly Jan 1980 - Mar 2024
BoP: sa: CA: Primary Income (USD mn) 2,509.300 Mar 2024 monthly Jan 1980 - Mar 2024
BoP: sa: CA: G&S: Goods (USD mn) 7,382.600 Mar 2024 monthly Jan 1980 - Mar 2024
BoP: sa: CA: G&S: Services: Debit (USD mn) 13,931.400 Mar 2024 monthly Jan 1980 - Mar 2024
BoP: sa: CA: G&S: Services (USD mn) -2,981.800 Mar 2024 monthly Jan 1980 - Mar 2024
BoP: sa: CA: Secondary Income (USD mn) -548.600 Mar 2024 monthly Jan 1980 - Mar 2024
International Investment Position: Liabilities (USD mn) 1,541,548.100 Mar 2024 quarterly Dec 1994 - Mar 2024
International Investment Position: Net (USD mn) 830,980.800 Mar 2024 quarterly Dec 1994 - Mar 2024
International Investment Position: Assets (USD mn) 2,372,528.900 Mar 2024 quarterly Dec 1994 - Mar 2024
External Debt: Gross: Long Term (LT) (USD mn) 526,460.100 Mar 2024 quarterly Dec 1994 - Mar 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) 75.100 Apr 2024 monthly Jan 2015 - Apr 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 Dec 2023 quarterly Jun 2001 - Dec 2023
Household Debt: % of GDP (%) 103.5 Dec 2023 quarterly Dec 2002 - Dec 2023
Non-Performing Loans (USD mn) 7,165.465 Dec 2023 quarterly Jun 2001 - Dec 2023
Money Supply M1 (USD mn) 937,911.037 Mar 2024 monthly Jan 1970 - Mar 2024
Money Supply M2 (USD mn) 2,974,126.926 Mar 2024 monthly Jan 1970 - Mar 2024
M2 Growth (%) 6.0 Mar 2024 monthly Jan 1971 - Mar 2024
Reserve Requirement Ratio (%) 7.0 Mar 2024 monthly Nov 1979 - Mar 2024
Foreign Exchange Reserves (USD mn) 389,456.7 Apr 2024 monthly Dec 1956 - Apr 2024
Foreign Exchange Reserves: % of GDP (%) 7.000 Mar 2024 monthly Nov 1979 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 7.3 May 2024 monthly Jan 1971 - May 2024
Gold Reserves (USD mn) 4,794.759 Apr 2024 monthly Dec 1956 - Apr 2024
Total Deposits (USD mn) 1,912,403.198 Mar 2024 monthly Sep 1992 - Mar 2024
Total Deposits Growth (%) 5.8 Mar 2024 monthly Sep 1993 - Mar 2024
Domestic Credit (USD mn) 3,466,253.5 Mar 2024 monthly Dec 2001 - Mar 2024
Domestic Credit Growth (%) 6.4 Mar 2024 monthly Dec 2002 - Mar 2024
Debt Service Ratio: Households (%) 14.200 Sep 2023 quarterly Mar 1999 - Sep 2023
Debt Service Ratio: Private Non-Financial Sector (%) 23.800 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 1,663.027 Sep 2023 quarterly Dec 1962 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 3,695.718 Sep 2023 quarterly Dec 1962 - Sep 2023
Household Debt (USD mn) 1,742,901.9 Mar 2023 quarterly Dec 2002 - Mar 2023
Total Loans (USD mn) 1,704,011.937 Mar 2024 monthly Jan 1965 - Mar 2024
Total Loans Growth (%) 5.72 Mar 2024 monthly Jan 1966 - Mar 2024
Private Debt: % of Nominal GDP (%) 176.79 Dec 2023 quarterly Mar 1991 - Dec 2023
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) 1,263,441.200 Mar 2024 monthly Jan 1970 - Mar 2024
Money Supply: New M2: sa (KRW bn) 4,006,386.900 Mar 2024 monthly Jan 1970 - Mar 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) 865.000 Apr 2024 monthly Dec 2013 - Apr 2024
Loans of CSBs: CH: Household (KRW tn) 1,103.600 Apr 2024 monthly Dec 2013 - Apr 2024
Loans of CSBs: Corporate and Household (CH) (KRW tn) 2,388.200 Apr 2024 monthly Dec 2013 - Apr 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) 3.0 Jun 2024 monthly Feb 2004 - Jun 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

More Indicators for South Korea

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data