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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea External Debt climbed to 405.7B in April 2017
FMPMonthlyReleased May 2017
South Korea External Debt climbed to 405.7B in April 2017, released May 2017, up 24.8B from March's 380.9B reading.
Latest Release
405.700000
Actual
—
Consensus
380.900000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/KRW | ▼ Inverse | −0.50 | FOREX | Bullish KRW | → View |
| KOSPI | ▲ Direct | +0.45 | INDEX | Bullish KR | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
External Debt (South Korea) was reported at 405.70 billion in May 2017. The reading rose from the previous value of 380.90 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/KRW (Bullish KRW). A secondary relationship exists with KOSPI, positively correlated (Bullish KR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Consumer Confidence (Jun 22) and Business Confidence (Jun 24).
Auto-generated from current model state · Refreshes on each release · Last update May 2017.
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External Debt - KR
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About External Debt — South Korea
DEFINITION
External debt is a financial indicator that measures the amount of money a country owes to foreign creditors. It includes both public and private debt and is an important measure of a country's financial stability and ability to repay its debts. This indicator is closely monitored by governments, investors, and international organizations to assess a country's economic health and potential risks. A high external debt can indicate a heavy reliance on foreign borrowing and may pose challenges for a country's economic growth and development.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2017): actual 405.7 B. Prior reading (Oct 2016): 380.9 B. Before that (Jul 2016): 400.4 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with USD/KRW (Bullish KRW, r=-0.50) — a useful reference for forex-focused traders.