Latest reading: Industrial output increased 4.9% year on year in calendar-adjusted terms in April, which was above March’s 1.8% increase....
Industrial Production in Korea
In the year 2024, the industrial production in Korea was 3.38%, compared to 0.67% in 2014 and -2.54% in 2023. It averaged 1.52% over the last decade. For more information on industry, visit our dedicated page
Korea Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Korea from 2017 to 2023.
Source: Macrobond.
Korea Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (s.a. ann. var. %) | -0.1 | -0.1 | 8.4 | 1.0 | -2.5 |
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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Cyprus: Industrial output growth speeds up in April -
Argentina: Industrial output growth rises in April Latest reading: Industrial output expanded 8.5% compared to the same month of the previous year in April, which was above... -
France: Industrial activity drops at sharpest pace since May 2024 in April Latest reading: Industrial output fell 1.4% in month-on-month seasonally adjusted terms in April, which contrasted March’s 0.1% increase. April’s result... -
Austria: Industrial output growth gains momentum in April Latest reading: Industrial production expanded 2.0% month on month in seasonally adjusted terms in April (March: +0.6% mom s.a.). April’s... -
Bulgaria: Industrial downturn sharpens in April Latest reading: Industrial production nosedived 13.4% year on year in April (March: -9.9% yoy). The figure marked the worst reading... -
Malaysia: Industrial output growth loses pace in April Latest reading: Industrial output increased 2.7% compared to the same month a year earlier in April, which was a deterioration... -
South Africa: Manufacturing activity bounces back in April Latest reading: Manufacturing output rose 1.9% in month on month seasonally adjusted terms in April, which contrasted March’s 2.5% decrease....