Construction output in South Korea increased 0.90 percent in January of 2023 over the same month in the previous year. source: Statistics Korea

Construction Output in South Korea averaged 1.38 percent from 1998 until 2023, 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 March of 2023.

Construction Output in South Korea is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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South Korea Construction Output

Calendar GMT Actual Previous Consensus TEForecast
2022-09-29 11:00 PM Aug 7.5% 1.7% 2.7%
2022-10-30 11:00 PM Sep 3.9% 6.1% 4.2%

Related Last Previous Unit Reference
Construction Output 0.90 0.50 percent Jan 2023
Construction Orders 3661592.00 10055966.00 KRW Million Jan 2023
Home Ownership Rate 56.10 56.30 percent Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.50 26.40 -30.50 1998 - 2023 percent Monthly

News Stream
South Korea Construction Output Slips Further
Construction output in South Korea fell 7.3% year-on-year in March 2022, following a 4.6% decrease in the previous month. Output slipped further to its lowest since November as both building (-4.2%) and civil engineering (-14.5%) contracted.
South Korea Construction Output Slumps in February
Construction output in South Korea fell 4.7% year-on-year in February 2022, following a downwardly revised 6% gain in the previous month. Output turned negative for the first time in three months as both building (-1.3%) and civil engineering (-14.1%) contracted.