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.
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* indicates monthly or quarterly data series

Recent values

Economic outlook around the world

Longer historical 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.
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