Retail sales Y-on-Y in South Korea, January 1996 - September 2021:
For that indicator, we provide data for South Korea from January 1996 to September 2021. The average value for South Korea during that period was 3.78 percent with a minimum of -21.53 percent in July 1998 and a maximum of 20.19 percent in May 2000.
Click on the following link to see the values of Retail sales Y-on-Y
around the world.
Longer historical series
* indicates monthly or quarterly data series
Source: Economic Statistics System of South Korea
Definition: The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction.
Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year.
The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.