South Korea GDP Advances 0.9% QoQ in Q4

South Korean GDP advanced a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2013, in line with expectations and unchanged from the advance estimate.

Electricity, water and gas production recorded the highest growth rate (8.3 percent), rebounding from a 0.3 percent contraction in the previous quarter.

Agriculture, forestry and fishing activities increased 7.4 percent qoq (4.6 percent in the previous quarter) and manufacturing and services rose 0.8 percent each.

Construction output contracted 2.4 percent.

Year-on-year, the GDP growth was revised downwards to 3.7 percent in the last quarter of 2013, down from an initial 3.9 percent estimate.

South Korea GDP Advances 0.9% QoQ in Q4

The Bank of Korea | Joana Taborda |
3/25/2014 11:40:41 PM