(Seoul=Yonhap Infomax) Kyu Sun Lee = The Bank of Korea and Statistics Korea announced on the 22nd that they have completed the second revision of the national balance sheet statistics, changing the base year from 2015 to 2020.

This revision reflects the results of the second revision of the national income statistics with the 2020 base year, which was announced last December. As a result of the revision, the time series of the national balance sheet has been expanded to cover from 1970 to 2023.

Looking at the main revision contents, for the non-financial asset account, the time series of net capital stock and producer capital stock by asset type has been expanded from the existing 2000-2023 to 1970-2023. Data for net capital stock of land assets and total market value of housing (national and by province) are provided from 1995 to 2023.

In the institutional sector account, most indicators, except for the balance sheet by institutional sector (2008-2023), have expanded their time series to the 1970s. Notably, holding gains by non-financial asset type for each institutional sector are newly provided from 1996. The total market value of housing by province is newly provided for the 2010-2023 time series.

The revised statistics can be accessed through the Bank of Korea's Economic Statistics System (ECOS) and the Statistics Korea's Korean Statistical Information Service (KOSIS).

Bank of Korea
Bank of Korea

kslee2@yna.co.kr

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