Building permits in South Korea, January 2001 - April 2022:
The data series span the period from January 2001 to April 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 7605, a change of 13.44% from the previous data point of
6704 building permits and a change of -12.51% from a year ago when the level was
8692 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
Longer historical series
* 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.