Building permits in South Korea, January 2001 - December 2020
The data series span the period from January 2001 to December 2020.
During that time, the average value for South Korea was
6989 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 6475, a change of 5.39% from the previous data point of
6144 building permits and a change of 16.88% from a year ago when the level was
5540 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.