National Net Assets Increase 2.6 Times in 15 Years... Bank of Korea Expands Time Series of National Balance Sheet

Base Year of National Balance Sheet Changed from 2015 to 2020
Second Revision Adds Time Series Data from 1970 to 1999

Our country's national net assets, which can be considered the wealth of the entire nation, have increased 2.6 times over the past 15 years.

According to the "Second Revision Results of the National Balance Sheet Base Year" announced by the Bank of Korea on the 22nd, national net assets increased 2.6 times from 8,996.3222 trillion won in 2008 to 23,059.0671 trillion won in 2023.

The Bank of Korea and Statistics Korea recently revised the base year of the national balance sheet from 2015 to 2020 in July last year to reflect recent changes in the economic structure. In the first revision, statistical indicators from 2000 to 2023 were newly calculated based on the year 2000, and through this second revision, a time series from 1970 to 1999 was added. The second results of the national income statistics base year 2020, revised in December last year, were also reflected this time.

The statistical indicators from 2000 to 2023, revised in the first revision, were also slightly modified, expanding the time series to 1970?2023. Time series data on housing market capitalization by city and province (2010?2023) will also be newly provided this time.

Detailed statistical data can be found on the Bank of Korea Economic Statistics System (ECOS) and Statistics Korea National Statistical Portal (KOSIS).

This content was produced with the assistance of AI translation services.