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Economic Analysis Of South Korea
Aprameya Joshi
Nagarjuna Kalluru
Manju Sree
Manikanteshwar Rao
Arjith Singha
Chaita...
SOUTH KOREA
• Capital: Seoul
• Government: unitary presidential constitutional republic
• President: park geun-hye
• Prime...
SWOT ANALYSIS
STRENGTHS
• Diversified industrial base
• Leader in high-quality electronics
• Excellent education system
• ...
PRESENT POSITION
• Population: 50.236 million
• GDP value: 1197.506 US$ billion
• Country risk assessment rating: A2(cofac...
MAJOR MACRO ECONOMIC INDICATORS
2012 2013 2014 2015(e)
GDP growth (%) 2,0 2,8 3,5 3,5
Inflation (yearly
average) (%)
2,2 1...
GDP SECTORIAL COMPOSITION
2.6
39.4
58.2
GDP
agriculture
industries
service
GDP GROWTH TREND
6.5
3.7
2.3
3
3.7
4
0
1
2
3
4
5
6
7
2010 2011 2012 2013 2014 2015
DRIVERS FOR THE GROWTH OF GDP
• Construction investment grew by 4.5%
• Private consumption expanded by 1.1 percent on quar...
DRIVERS FOR THE GROWTH OF GDP
WEAK POINTS OF GDP
• The export sector remains a weak spot, but while a strong
rebound is unlikely, we expect a modest imp...
METHOD OF CALCULATION OF GDP
• Expenditure Method
• Income Method
• Production Method
METHOD OF CALCULATION OF INFLATION
•...
INFLATION TREND
3.4
3.2
3.1 3.1 3.1
2.95
3
3.05
3.1
3.15
3.2
3.25
3.3
3.35
3.4
3.45
2011 2012 2013 2014 2015
MONETARY POLICY
The central bank of South Korea is the Bank of Korea. Price
stability is the main objective of the monetar...
INTEREST RATES TREND
INTEREST RATES TIMELINE
change date
percentag
e
june 11 2015 1.500 %
march 12 2015 1.750 %
october 15 2014 2.000 %
august ...
FISCAL POLICY
• South Korea recorded a Government Budget deficit equal
to 1.80 percent of the country's Gross Domestic Pro...
FISCAL POLICY 2015
• Growth projections recently revised down to 3.7% from 4.1%
• Individual income tax collections are fo...
BUDGET TREND IN TERMS OF GDP
GOVERNMENT REVENUES
GOVERNMENT EXPENDITURES
Thank You
Economic analysis of south korea
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Economic analysis of south korea

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this is latest data with all the graphs of gdp grouwth, inflation trend, budget of south korea

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Economic analysis of south korea

  1. 1. Economic Analysis Of South Korea Aprameya Joshi Nagarjuna Kalluru Manju Sree Manikanteshwar Rao Arjith Singha Chaitanya Vinoo Jose
  2. 2. SOUTH KOREA • Capital: Seoul • Government: unitary presidential constitutional republic • President: park geun-hye • Prime minister: hwang kyo-ahn • Currency: won • Central Bank: Bank Of Korea
  3. 3. SWOT ANALYSIS STRENGTHS • Diversified industrial base • Leader in high-quality electronics • Excellent education system • High level of public R&D spending • Growing Korean investments in China, Vietnam and India WEAKNESSES • Steel, textile and naval industry affected by Chinese competition • High import content of raw material imports • High level of indebtedness of households and small companies • Aging population
  4. 4. PRESENT POSITION • Population: 50.236 million • GDP value: 1197.506 US$ billion • Country risk assessment rating: A2(coface) • Country rating: AA (standard and poor) • Present GDP growth: 3.5% • Present inflation: 1.6% • International reserves: US$ 366.639 billion
  5. 5. MAJOR MACRO ECONOMIC INDICATORS 2012 2013 2014 2015(e) GDP growth (%) 2,0 2,8 3,5 3,5 Inflation (yearly average) (%) 2,2 1,3 1,3 1,6 Budget balance (% GDP) 1,6 0,7 0,3 0,3 Current account balance (% GDP) 4,2 6,2 6,3 7,1 Public debt (% GDP) 32,3 33,9 35,7 36,9 (e) Estimate (f) Forecast
  6. 6. GDP SECTORIAL COMPOSITION 2.6 39.4 58.2 GDP agriculture industries service
  7. 7. GDP GROWTH TREND 6.5 3.7 2.3 3 3.7 4 0 1 2 3 4 5 6 7 2010 2011 2012 2013 2014 2015
  8. 8. DRIVERS FOR THE GROWTH OF GDP • Construction investment grew by 4.5% • Private consumption expanded by 1.1 percent on quarter • Government spending rose by 1.9 percent.
  9. 9. DRIVERS FOR THE GROWTH OF GDP
  10. 10. WEAK POINTS OF GDP • The export sector remains a weak spot, but while a strong rebound is unlikely, we expect a modest improvement in external demand, particularly from China. • Exports contracted 0.2 percent on quarter, with decreases in shipments of LCDs, chemical products and ships.
  11. 11. METHOD OF CALCULATION OF GDP • Expenditure Method • Income Method • Production Method METHOD OF CALCULATION OF INFLATION • Consumer Price Index • Product Price Indices
  12. 12. INFLATION TREND 3.4 3.2 3.1 3.1 3.1 2.95 3 3.05 3.1 3.15 3.2 3.25 3.3 3.35 3.4 3.45 2011 2012 2013 2014 2015
  13. 13. MONETARY POLICY The central bank of South Korea is the Bank of Korea. Price stability is the main objective of the monetary policy of the central bank of South Korea. Inflation targeting is the monetary policy which aims to achieve an explicit target for the level of inflation.
  14. 14. INTEREST RATES TREND
  15. 15. INTEREST RATES TIMELINE change date percentag e june 11 2015 1.500 % march 12 2015 1.750 % october 15 2014 2.000 % august 14 2014 2.250 % may 09 2013 2.500 % october 11 2012 2.750 % july 12 2012 3.000 % june 10 2011 3.250 % march 10 2011 3.000 % january 13 2011 2.750 %
  16. 16. FISCAL POLICY • South Korea recorded a Government Budget deficit equal to 1.80 percent of the country's Gross Domestic Product in 2014 • Government Budget in South Korea averaged -0.24 percent of GDP from 1988 until 2014, • reaching an all time high of 3.47 percent of GDP in 2007 and a record low of -4.10 percent of GDP in 2009.
  17. 17. FISCAL POLICY 2015 • Growth projections recently revised down to 3.7% from 4.1% • Individual income tax collections are forecast to rise by 5.7% • Corporate and value added taxes projected slightly increased due to weak economic conditions 0.1%&0.8% • Import duty collections are budgeted to fall by 5.1% in 2015 • The Government also plans to increase tax transparency and continue to work on revising and enacting laws to combat tax non-compliance, in particular with regards to overseas tax evasion.
  18. 18. BUDGET TREND IN TERMS OF GDP
  19. 19. GOVERNMENT REVENUES
  20. 20. GOVERNMENT EXPENDITURES
  21. 21. Thank You

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