Construction Orders in South Korea decreased to 5454550 KRW Million in November from 7391668 KRW Million in October of 2019. Construction Orders in South Korea averaged 1990452.60 KRW Million from 1976 until 2019, reaching an all time high of 10989605 KRW Million in December of 2017 and a record low of 23 KRW Million in January of 1977. source: Statistics Korea

Construction Orders in South Korea is expected to be 6010000.00 KRW Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Orders in South Korea to stand at 9890000.00 in 12 months time. In the long-term, the South Korea Construction Orders is projected to trend around 9000000.00 KRW Million in 2020, according to our econometric models.

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South Korea Construction Orders

Actual Previous Highest Lowest Dates Unit Frequency
5454550.00 7391668.00 10989605.00 23.00 1976 - 2019 KRW Million Monthly
Current Prices, NSA


South Korea Construction Orders
In South Korea, data refer to the value of construction orders received for dwellings building activity at current prices.

South Korea Housing Last Previous Highest Lowest Unit
Housing Index 100.20 99.90 100.20 33.60 points [+]
Construction Orders 5454550.00 7391668.00 10989605.00 23.00 KRW Million [+]
Construction Output -4.70 -3.70 25.70 -30.50 percent [+]
Home Ownership Rate 57.70 57.70 57.70 53.60 percent [+]