Retail sales in South Korea increased 7.4 percent year-on-year in October of 2021, accelerating from a 3.7 percent rise in the prior month. It was the ninth straight month of gains in retail trade and accelerating to a fresh 3-month high. On a monthly basis, retail sales increased 0.2 percent, after rising 2.5 percent in the previous period. source: Statistics Korea

Retail Sales YoY in South Korea averaged 3.79 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 December 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. 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


Calendar GMT Actual Previous Consensus TEForecast
2021-10-28 11:00 PM Sep 3.7% 3.8% 0.9%
2021-11-29 11:00 PM Oct 7.4% 3.6% 4.2%
2021-12-29 11:00 PM Nov 7.4%


Related Last Previous Unit Reference
Retail Sales MoM 0.20 2.50 percent Oct/21
Retail Sales YoY 7.40 3.70 percent Oct/21

News Stream
South Korea Retail Sales Growth at 3-Month High
Retail sales in South Korea increased 7.4 percent year-on-year in October of 2021, accelerating from a 3.7 percent rise in the prior month. It was the ninth straight month of gains in retail trade and accelerating to a fresh 3-month high. On a monthly basis, retail sales increased 0.2 percent, after rising 2.5 percent in the previous period.
2021-11-29
South Korea Retail Sales Growth at 3-Month Low
Retail sales in South Korea increased 3.7 percent year-on-year in September of 2021, easing from a 3.8 percent rise in the prior month. It was the eighth straight month of gains in retail trade but the softest since June. On a monthly basis, retail sales climbed 2.5 percent, rebounding from a 0.8 percent fall in August.
2021-10-28
South Korea Retail Sales Growth Eases in August
Retail sales in South Korea rose 3.8 percent year-on-year in August of 2021, easing from a 7.9 percent advance in the prior month. It was the seventh straight month of gains in retail trade. On a monthly basis, retail sales went down 0.8 percent, extending a 0.5 percent fall in July.
2021-09-29

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. .