Retail sales in South Korea climbed 8.4 percent on an annual basis in February of 2021 after posting nil growth in January of 2021, as the economy’s recovery regained momentum amid COVID-19 uncertainty. However, on a monthly basis, retail sales decreased 0.8 percent in February after increasing 1.6 percent in January. source: Statistics Korea

Retail Sales YoY in South Korea averaged 3.74 percent from 1996 until 2021, reaching an all time high of 20.20 percent in May of 2000 and a record low of -21.50 percent in July of 1998. This page provides - South Korea Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Retail Sales YoY in South Korea is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in South Korea to stand at 5.00 in 12 months time. In the long-term, the South Korea Retail Sales YoY is projected to trend around 5.00 percent in 2022 and 6.00 percent in 2023, according to our econometric models.

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South Korea Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
8.40 0.00 20.20 -21.50 1996 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-29 11:00 PM Nov -1.5% -0.1% -0.5%
2021-01-28 11:00 PM Dec -2.0% -1.5% -2.5%
2021-03-01 11:00 PM Jan 0.0% -2.1% -1.5%
2021-03-30 11:00 PM Feb 8.4% 0.0% 1.5%
2021-04-29 11:00 PM Mar 8.4% 10%
2021-05-30 11:00 PM Apr
2021-06-29 11:00 PM May
2021-07-29 11:00 PM Jun


News Stream
South Korea Retail Sales Jump 8.4% YoY
Retail sales in South Korea climbed 8.4 percent on an annual basis in February of 2021 after posting nil growth in January of 2021, as the economy’s recovery regained momentum amid COVID-19 uncertainty. However, on a monthly basis, retail sales decreased 0.8 percent in February after increasing 1.6 percent in January.
2021-03-30
South Korea Retail Sales Flattish in January
Retail sales in South Korea remained stagnant on an annual basis in January of 2021 after declining 2.1 percent in December of 2020, as the economy’s recovery continued to lose momentum amid COVID-19 uncertainty. On a monthly basis, retail sales climbed 1.6 percent in January following a 0.1 percent gain in the prior month.
2021-03-01
South Korea Retail Sales Fall Further
Retail sales in South Korea dropped by 2.0 percent year-on-year in December of 2020, the third fall in six months after a 1.5 percent decline in the previous month, as the economy’s recovery lost momentum and COVID-19 uncertainty returned. On a monthly basis, retail sales edged up 0.2 percent in December following a 0.9 percent decrease in the prior month.
2021-01-28
South Korea Retail Sales Drop Further
Retail sales in South Korea dropped by 1.5 percent year-on-year in November of 2020, the second fall in six months after a downwardly revised 0.1 percent decline in the previous month, as the economy’s recovery lost momentum. On a monthly basis, retail sales decreased by 1.0 percent in November following a 0.9 percent decrease in the prior month.
2020-12-29

South Korea Retail Sales YoY
In South Korea, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. .