South Korea Gasoline Prices - Forecast

Gasoline Prices in South Korea is expected to be 1.45 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 1.31 in 12 months time. In the long-term, the South Korea Gasoline Prices is projected to trend around 1.10 USD/Liter in 2020, according to our econometric models.


South Korea Gasoline Prices
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South Korea Consumer Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Confidence 110 107 106 101 105 102
Retail Sales MoM -4 0.03 0.1 0.34 0.5 0.9
Retail Sales YoY 2.2 3.37 4.2 4.64 4.5 6
Consumer Spending 188603 188000 186000 191005 195000 201000
Disposable Personal Income 1632614 1633486 1630735 1671048 1689829 1849979
Personal Savings 9.3 9.8 9.8 9.73 9.8 11.4
Consumer Credit 1419128 1470950 1493680 1514882 1534041 1633186
Bank Lending Rate 3.62 3.79 3.4 4.18 3.55 3.7
Households Debt To Gdp 93.8 93.3 94 94.69 94.72 94.38
Gasoline Prices 1.46 1.45 1.41 1.35 1.31 1.1
Consumer Confidence Current Conditions 96 84.21 80.26 77.77 76.27 74.19
Consumer Confidence Economic Expectations 109 95.8 93.2 91.51 90.41 88.42
Consumer Confidence Financial Expectations 103 99.95 99.56 99.4 99.34 99.31
Consumer Confidence Major Purchases Expectations 97 93.3 92.42 91.93 91.67 91.42
Consumer Confidence Price Trends 139 140 140 141 141 142
Consumer Confidence Savings Expectations 97 95.18 94.82 94.6 94.46 94.24
Consumer Confidence Unemployment Expectations 110 91.79 89.75 88.36 87.42 85.55