South Korea: Building permits
* indicates monthly or quarterly data series
| South Korea |
Building permits |
|---|---|
| Latest value | 6575 |
| Reference | June 2022 |
| Measure | building permits |
| Source | Korean Statistical Information Service |
The data series span the period from January 2001 to June 2022.
During that time, the average value for South Korea was
6968 building permits with a minumum of 1541 building permits
in February 2005 and a maximum of 13176 building permits in July 2016.
The latest number is 6575, a change of -11.32% from the previous data point of
7414 building permits and a change of -20.05% from a year ago when the level was
8224 building permits.
The number of building permits is considered a leading macroeconomic indicator as it typically grows a few months ahead of an economic expansion and declines a few months before an economic slowdown. See more information about that indicator on our Building permits page.
The number of building permits is considered a leading macroeconomic indicator as it typically grows a few months ahead of an economic expansion and declines a few months before an economic slowdown. See more information about that indicator on our Building permits page.
Select indicator
* indicates monthly or quarterly data series
Recent values
Economic outlook around the world
Longer historical series
Measure: building permits
Source: Korean Statistical Information Service
Source: Korean Statistical Information Service
Definition: Building permits are authorizations granted by a government or another regulatory body before the construction of a new building can legally occur.