On the expenditure side, private consumption expanded by 3.2 percent (+2.1 percent in Q3) and government spending grew by 3.9 percent (+3 percent in Q3). Construction investment advanced 7.3 percent (+5.7 percent in Q3), facilities investment grew by 3.5 percent (+6.6 percent in Q3) and intellectual property products investment expanded by 1.9 percent (+1.2 percent in Q3). Meanwhile, exports of goods and services were up by 1.9 percent (+0.3 percent in Q3) while imports rose at a faster 5.5 percent (+3.2 percent in Q3).
On the production side, manufacturing grew by 2.3 percent (+1.7 percent in Q3) and electricity, gas and water supply rose by 5.8 percent (+9.5 percent in Q3). Construction expanded by 7.1 percent (+4.6 percent in Q3) and services grew by 2.7 percent (+2.6 percent in Q3). In contrast, agriculure shrank by 4.5 percent (-0.7 percent in Q3), the third consecutive quarter of contraction.
Quarter-on-quarter, GDP advanced 0.6 percent following a 1.3 percent expansion in the previous period.
For the whole of 2015, South Korea's GDP rose 2.6 percent compared to a gain of 3.3 percent in 2014, as intellectual property products investment and exports eased while private consumption and construction investment advanced at a faster pace. On the production side, manufacturing output and services sector slowed while the growth in construction accelerated.