South Korea: Retail sales Y-on-Y
* indicates monthly or quarterly data series
| South Korea |
Retail sales Y-on-Y |
|---|---|
| Latest value | -2.52 |
| Reference | December 2022 |
| Measure | percent |
| Source | Economic Statistics System of South Korea |
For that indicator, we provide data for South Korea from January 1996 to December 2022. The average value for South Korea during that period was 3.68 percent with a minimum of -21.53 percent in July 1998 and a maximum of 20.19 percent in May 2000.
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* indicates monthly or quarterly data series
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Measure: percent
Source: Economic Statistics System of South Korea
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.