Building permits in South Korea, March, 2020
The data series span the period from January 2001 to March 2020.
During that time, the average value for South Korea was
7014 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 6431, a change of 34.26% from the previous data point of
4790 building permits and a change of -15.81% from a year ago when the level was
7639 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
* indicates monthly or quarterly data series
Measure: building permits
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.