Construction output in South Korea dropped 5.6 percent year-on-year in November of 2021, following an upwardly revised 0.1 percent drop in the previous month. It was the fourteenth consecutive month of falling construction activity as civil engineering output plunged 24.5 percent (from 8.1 percent), and the building activity growth eased to 1.8 percent (from 2.8 percent). source: Statistics Korea

Construction Output in South Korea averaged 1.32 percent from 1998 until 2021, reaching an all time high of 26.40 percent in November of 2016 and a record low of -30.50 percent in August of 1998. This page provides - South Korea Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Construction Output in South Korea is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2022, according to our econometric models.

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South Korea Construction Output


Calendar GMT Actual Previous Consensus TEForecast
2021-11-29 11:00 PM Oct -0.8% -9.9% 2.5%
2021-12-29 11:00 PM Nov -5.6% -0.1% -6.6%
2022-01-27 11:00 PM Dec -5.6%


Related Last Previous Unit Reference
Construction Output -5.60 -0.80 percent Nov/21
Construction Orders 5875773.00 7246157.00 KRW Million Nov/21
Home Ownership Rate 58.00 57.70 percent Dec/19

News Stream
South Korea Construction Output Extends Contraction in November
Construction output in South Korea dropped 5.6 percent year-on-year in November of 2021, following an upwardly revised 0.1 percent drop in the previous month. It was the fourteenth consecutive month of falling construction activity as civil engineering output plunged 24.5 percent (from 8.1 percent), and the building activity growth eased to 1.8 percent (from 2.8 percent).
2021-12-29
South Korea Construction Output Contraction Eases in October
Construction output in South Korea declined 0.8 percent year-on-year in October of 2021, following a downwardly revised 9.9 percent drop in the previous month. It was the thirteenth consecutive month of falling construction activity and the lowest decrease since last August, as building activity rebounded (2.4 percent vs -4.4 percent, year-on-year), while the fall in civil engineering eased (-9.4 percent vs -23.7 percent). On a monthly basis, construction output fell 1.3 percent, after a 1.8 percent increase in the previous period.
2021-11-29
South Korea Construction Output Falls the Least in 11 Months
Construction output in South Korea declined 8.4 percent year-on-year in September of 2021, following a revised 0.1 percent decrease in the previous month. It was the twelfth consecutive month of falling construction activity and the biggest drop since October last year, as both civil engineering (-17.2 percent vs -11.9 percent) and building activity (-4.9 percent vs 4.2 percent) contracted. On a monthly basis, construction output climbed 3.5 percent, after a 1.4 percent increase in August.
2021-10-28

South Korea Construction Output
In South Korea, construction output refers to year over year change in the value of construction completed including building construction and civil engineering.