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. source: Statistics Korea
Retail Sales YoY in South Korea averaged 3.73 percent from 1996 until 2020, 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 February of 2021.
Retail Sales YoY in South Korea is expected to be 5.00 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.