Gasoline Prices in South Korea increased to 1.35 USD/Liter in December from 1.31 USD/Liter in November of 2019. Gasoline Prices in South Korea averaged 1.41 USD/Liter from 1990 until 2019, reaching an all time high of 1.84 USD/Liter in June of 2014 and a record low of 0.54 USD/Liter in December of 1990. source: Korea National Oil Corporation

Gasoline Prices in South Korea is expected to be 1.48 USD/Liter by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gasoline Prices in South Korea to stand at 1.59 in 12 months time. In the long-term, the South Korea Gasoline Prices is projected to trend around 1.67 USD/Liter in 2020, according to our econometric models.

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South Korea Gasoline Prices

Actual Previous Highest Lowest Dates Unit Frequency
1.35 1.31 1.84 0.54 1990 - 2019 USD/Liter Monthly

South Korea Consumer Last Previous Highest Lowest Unit
Consumer Confidence 100.40 100.90 120.60 69.40 points [+]
Retail Sales MoM 3.00 -0.40 5.50 -12.40 percent [+]
Retail Sales YoY 3.70 2.00 20.20 -21.50 percent [+]
Consumer Spending 222265.10 221901.20 222265.10 6809.67 KRW Billion [+]
Disposable Personal Income 1890779.40 1836741.90 1890779.40 2866.70 KRW Billion [+]
Personal Savings 35.00 34.60 42.70 13.40 percent [+]
Consumer Credit 1572659.90 1556091.90 1572659.90 142746.90 KRW Billion [+]
Bank Lending Rate 3.18 3.20 17.01 3.18 percent [+]
Economic Optimism Index 92.00 92.00 117.00 55.00 Net Balance [+]
Gasoline Prices 1.35 1.31 1.84 0.54 USD/Liter [+]
Households Debt To GDP 92.90 92.10 92.90 1.40 percent of GDP [+]
Consumer Confidence Current Conditions 96.00 93.00 117.00 25.00 [+]
Consumer Confidence Economic Expectations 109.00 112.00 122.00 49.00 [+]
Consumer Confidence Financial Expectations 103.00 103.00 107.00 82.00 [+]
Consumer Confidence Major Purchases Expectations 97.00 96.00 97.00 73.00 [+]
Consumer Confidence Price Trends 139.00 139.00 163.00 129.00 [+]
Consumer Confidence Savings Expectations 97.00 97.00 102.00 82.00 [+]
Consumer Confidence Unemployment Expectations 110.00 121.00 121.00 41.00 [+]