Latest reading: Industrial production increased 6.5% in annual terms in October, following a 0.4% increase in the previous month. October’s...
Industrial Production in Korea
The Korean economy recorded an average industrial production growth rate of 1.5% in the decade to 2024. In 2024, industrial production growth was 3.4%. For more industry information, visit our dedicated page.
Korea Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Korea from 2014 to 2025.
Source: Macrobond.
Korea Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (s.a. ann. var. %) | -0.1 | 8.4 | 1.0 | -2.5 | 3.4 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Korean industry projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Korean industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Korean industry projections.
Want to get access to the full dataset of Korean industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Qatar: Industrial production gains steam in October -
Romania: Industrial production loses momentum in October Latest reading: Industrial production rose 0.4% on a working day and seasonally adjusted month-on-month basis in October, following 1.2% growth... -
Belgium: Industrial production falls at a faster pace in October Latest reading: Industrial production fell 3.4% on a seasonally adjusted month-on-month basis in October, following a 0.4% decrease in the... -
Japan: Industrial production slows in October Latest reading: Industrial production increased 1.5% in seasonally adjusted month-on-month terms in October, following 2.6% growth in the previous month.... -
Hungary: Industrial production shrinks more quickly in October Latest reading: Industrial production fell 2.7% on a year-on-year basis in October, following a 1.2% decline in the prior month.... -
Malaysia: Industrial production accelerates in October Latest reading: Industrial production rose 6.0% on a year-on-year basis in October, following a 5.7% rise in the previous month.... -
Bulgaria: Industrial production shrinks more quickly in October Latest reading: Industrial production fell 7.6% on a year-on-year basis in October, following a 4.1% drop in the prior month....