News

South Korea Q2 GDP Growth Revised Slightly Lower
South Korea’s quarterly GDP growth was revised lower to 1.0 percent in the three months to June 2019 from a preliminary estimate of 1.1 percent and compared to a 0.4 percent contraction in the previous period. It was the strongest growth rate since the first quarter of 2018, as manufacturing, construction and utilities output rebounded firmly.
Published on 2019-09-03

South Korea Q2 GDP Growth at Near 2-Year High
South Korea’s GDP advanced 1.1 percent on quarter in the three months to June 2019, after a 0.4 percent contraction in the previous quarter and above market consensus of a 1.0 percent expansion. It was the strongest growth rate since the third quarter of 2017, as manufacturing and construction output rebounded and utilities surged 8.3 percent.
Published on 2019-07-25

South Korea Q1 GDP Falls More than Initially Estimated
South Korea’s GDP declined 0.4 percent on quarter in the first three months of 2019, down from the advanced estimate and market expectations of 0.3 percent and compared to a downwardly revised 0.9 percent expansion in the previous period. This was the slowest growth rate since Q4 2008. On the production side, GDP was dragged by contractions in manufacturing and construction. On the expenditure side, trade and gross fixed capital formation were the main draggers.
Published on 2019-06-04

South Korea Economy Unexpectedly Shrinks in Q1
The South Korean economy shrank 0.3 percent quarter-on-quarter in the three months to March 2019, after a 1.0 percent expansion in the previous three months and missing market expectations of 0.3 percent growth, advanced data showed. It was the first contraction in five quarters and the steepest since the last quarter of 2008, as utilities and manufacturing contracted sharply and construction shrank for the third time in over the last four quarters.
Published on 2019-04-25

South Korea GDP Growth Confirmed at 1% in Q4
The South Korean economy advanced 1.0 percent quarter-on-quarter in the three months to December 2018, up from a 0.6 percent expansion in the previous three months and matching a preliminary estimate and market expectations, final data showed. It was the strongest growth rate since the first quarter of the year, mainly boosted by final consumption and gross fixed capital formation.
Published on 2019-03-05

South Korea GDP Grows 1% QoQ and Beats Expectations
The South Korean economy advanced 1.0 percent quarter-on-quarter in the three months to December 2018, up from 0.6 percent in the previous three months and market expectations, advanced data showed.
Published on 2019-01-22

South Korea Q3 GDP Growth Confirmed at 0.6% QoQ
The South Korean economy advanced 0.6 percent quarter-on-quarter in the three months to September 2018, the same pace as in the previous period and matching market consensus and the preliminary reading, final data showed.
Published on 2018-12-04

South Korea GDP Expands 0.6% QoQ in Q3
The South Korean economy advanced 0.6 percent quarter-on-quarter in the three months to September 2018, the same pace as in the previous period and slightly below market expectations of 0.7 percent, advanced data showed.
Published on 2018-10-25

South Korea Economy Expands 0.6% QoQ
The South Korean economy advanced 0.6 percent quarter-on-quarter in the three months to June 2018 after a 1 percent expansion in the previous period and below both market expectations and the preliminary print of 0.7 percent, final data showed. The downwardly revised figure was explained by softer expansions in manufacturing and services and steeper contractions in primary activity and construction when compared to preliminary data, with utilities also rebounding less than the original data showed.
Published on 2018-09-04

South Korea Economy Expands 0.7% QoQ
The South Korean economy advanced 0.7 percent quarter-on-quarter in the three months to June 2018 after a 1 percent expansion in the previous period and matching market expectations. The slowdown was explained by softer expansions in manufacturing and services and contractions in primary activity and construction, more than offsetting a sharp rebound in utilities, preliminary estimates showed.
Published on 2018-07-26

South Korea Q1 GDP Growth Revised Lower to 1%
The South Korean economy rebounded 1.0 percent quarter-over-quarter in the three months to March 2018 after a 0.2 percent contraction in the previous period, and slightly below the preliminary estimate of 1.1 percent.
Published on 2018-06-01

South Korea GDP Growth Rebounds in Q1
The South Korean economy rebounded 1.1 percent quarter-over-quarter in the three months to March 2018 after a 0.2 percent contraction in the previous quarter and slightly above market expectations of a 1.0 percent climb, advanced data showed. It was the second fastest growth rate in the last ten quarters.
Published on 2018-04-25

South Korea GDP Contracts For 1st Time Since 2008
The South Korean economy shrank 0.2 percent quarter-over-quarter in the three months to December of 2017, in line with earlier estimates and slowing from a downwardly revised 1.4 percent expansion in the prior quarter. It was the first contraction since 2008.
Published on 2018-03-28

South Korea GDP Unexpectedly Contracts in Q4
The South Korean economy unexpectedly shrank 0.2 percent on quarter in the three months to December of 2017, after expanding the most in seven years in the previous quarter. It was the first contraction in 9 years among strong base effects, shorter number of working days due to 10-day Chuseok autumn holiday and a slump in car exports.
Published on 2018-01-25

South Korea GDP Growth at 7-Year High of 1.5%
The South Korean economy expanded 1.5 percent on quarter in the three months to September of 2017, 10 basis points higher than the advance estimate and market expectations of 1.4 percent. It is the highest growth rate since the second quarter of 2010, mainly due to rebounds in manufacturing and construction. Meanwhile, services grew further in the third quarter. In contrast, utilities lost steam and primary activity plunged the most since the second quarter of 2015, revised figures showed.
Published on 2017-11-30

South Korea GDP Growth at 7-Year High of 1.4%
The South Korean economy expanded 1.4 percent on quarter in the three months to September of 2017, well above estimates of a 1.0 percent expansion and a 0.6 percent rise for Q2. It is the highest growth rate in seven years, mainly due to rebounds in manufacturing and construction. Meanwhile, utilities lost steam and primary activity plunged the most since the second quarter of 2015, preliminary estimates showed.
Published on 2017-10-26

South Korea Economy Expands 0.6% QoQ In Q2
The South Korean economy advanced 0.6 percent on quarter in the second quarter of 2017, matching the figure given in the advanced estimates and lower than the 1.1 percent expansion in the previous quarter. On the production side, slower growth was explained by a contraction in construction, manufacturing and primary activity. Contrastingly, utilities returned to growth and services expanded at the faster pace (+0.8 percent) since the fourth quarter of 2015.
Published on 2017-09-01

South Korea Economy Expands 0.6% QoQ In Q2
The South Korean economy advanced 0.6 percent on quarter in the second quarter of 2017, matching estimates and lower than the 1.1 percent expansion in the previous quarter. On the production side, slower growth was explained by contraction in construction, manufacturing and primary activity. Contrastingly, utilities returned to growth and services expanded at the fastest pace (0.8 percent) since the fourth quarter of 2015.
Published on 2017-07-26

South Korea GDP Surprisingly Expands 1.1% QoQ In Q1
The South Korean economy advanced 1.1 percent on quarter in the first three months of 2017, higher than preliminary estimates of a 0.9 percent expansion. Growth outpaced tandem 0.5 percent expansions in the previous two quarters and is the highest since the third quarter of 2015. On the production side, faster growth was explained by improvements in all components, excluding services, which kept growing at the same pace versus the preceding quarter. Construction expanded at a much faster pace of 5.3 percent (vs 4 percent in the initial estimate and 1.3 percent in Q4).
Published on 2017-06-01

South Korea GDP Expands 0.9% In Q1
The South Korean economy expanded 0.9 percent on quarter in the first three months of 2017, beating estimates of a 0.7 percent growth. The preliminary print outpaced tandem 0.5 percent expansions in the previous two quarters and is the highest since the second quarter of 2016. Faster growth was explained by improvements in all supply-side components excluding a slight downtick in services, and by a softer decline in utilities.
Published on 2017-04-26

South Korea GDP Growth Revised Up To 0.5% QoQ in Q4
The South Korean economy expanded 0.5 percent on quarter in the last three months of 2016, beating preliminary estimates of a 0.4 percent growth. The final print mimicked the 0.5 percent expansion in Q3 as construction and services rose faster than anticipated, final figures showed.
Published on 2017-03-28

South Korea GDP Growth Beats Expectations in Q4
The South Korean economy expanded 0.4 percent on quarter in the last three months of 2016, beating market expectations of a 0.3 percent increase. Yet, it is the lowest growth rate in six quarters as household, public spending and investment slowed and exports edged down, preliminary estimates showed.
Published on 2017-01-24

South Korea Q3 GDP Growth Slows to 0.7% QoQ
The South Korean economy expanded a seasonally adjusted 0.7 percent on quarter in the three months to September 2016, easing slightly from a 0.8 percent growth in the previous period, but beating market expectations of 0.6 percent expansion. Private spending and investment rose at a slower pace, while government spending advanced further, preliminary figures showed.
Published on 2016-10-25

South Korea GDP Growth Revised Up to 0.8% QoQ
The South Korean economy advanced 0.8 percent on quarter in the three months to June of 2016, higher than a 0.5 increase in the previous period and better than a 0.7 percent growth in the preliminary estimate. It is the highest growth rate in three quarters as private spending, investment and exports rose more than initially estimated, final figures showed.
Published on 2016-09-02

South Korea GDP Growth Up to 0.7% in Q2
The South Korean economy expanded a seasonally adjusted 0.7 percent on quarter in the three months to June of 2016, accelerating slightly from a 0.5 percent growth in the previous period and in line with market expectations. A recovery in private spending and exports and rising investment led the expansion, preliminary figures showed.
Published on 2016-07-26

South Korea Economy Expands 0.5% QoQ in Q1
The South Korean economy advanced 0.5 percent quarter-on-quarter in the March quarter of 2016, faster than an earlier projection of a 0.4 percent expansion in an earlier estimate, preliminary estimates showed. It is the weakest growth since the third quarter of 2015 as private consumption, facilities investment and exports contracted.
Published on 2016-06-02

South Korean GDP Slows to 0.4% QoQ in Q1
The South Korean economy advanced 0.4 percent quarter-on-quarter in the March quarter of 2016, slowing from a 0.7 percent growth in the previous period, preliminary estimates showed. It is the weakest growth since the third quarter of 2015 as private consumption, facilities investment and exports contracted.
Published on 2016-04-26

South Korean Q4 GDP Growth Revised Up to 0.7%
The South Korean economy advanced 0.7 percent on the quarter in the three months to December of 2015, slowing from a downwardly revised 1.2 percent growth in the previous period but higher than a preliminary estimate of 0.6 percent expansion. Private consumption was the main driver of growth while government expenditure increased at a slower place and fixed investment contracted, final figures showed.
Published on 2016-03-24

South Korean Economy Expands 0.6% in Q4
The South Korean economy advanced 0.6 percent on quarter in the the three months to December of 2015, easing from a 1.3 percent expansion in the previous period while staying slightly below market expectations, first estimates showed. Household consumption and government expenditure were the main drivers of growth while construction investment contracted sharply.
Published on 2016-01-25

South Korea GDP Expands More than Expected
The South Korean economy advanced 1.3 percent on quarter in the three months to September of 2015, higher than a preliminary estimate of 1.2 percent and the biggest growth rate since the second quarter of 2010. Private consumption and construction investment boosted the expansion, final figures showed.
Published on 2015-12-02

South Korea GDP Growth at 5-Year-High
South Korea economy expanded 1.2 percent on quarter in the third quarter of 2015, accelerating from a 0.3 percent growth in the previous period and beating market expectations. It is the fastest expansion since the second quarter of 2010, as a rebound in private consumption and an increase in government spending and investment offset a decline in exports.
Published on 2015-10-23

South Korea Economy Slows in Q2
South Korea GDP growth advanced 0.3 percent on quarter in the second quarter of 2015, down from a 0.8 percent expansion in the previous period and matching preliminary estimates. Higher government spending and exports were unable to offset a slowdown in investment and a contraction in private consumption.
Published on 2015-09-03

South Korea GDP Growth Slows in Q2
The South Korean economy advanced 0.3 percent on quarter in the three months to June down from a 0.8 percent expansion in the previous period, advance estimates from the central bank showed. Figures came below market expectations as the outbreak of Middle East Respiratory Syndrome lead to a contraction in private consumption.
Published on 2015-07-23

South Korea GDP Growth Matches Estimates in Q1
The South Korean economy advanced by 0.8 percent on quarter in the first quarter of 2015, accelerating from a 0.3 percent expansion in the previous period and matching preliminary estimates, as a rebound in investment and a slight increase in consumption offset a slowdown in exports.
Published on 2015-06-04

South Korea Economy Expands 0.8% QoQ in Q1
The South Korean economy advanced by 0.8 percent on quarter in the first three months of 2015, accelerating from a 0.3 percent expansion in the previous period, mainly due to a rebound in investment and a slight increase in consumption.
Published on 2015-04-23

South Korea GDP Expands 0.3% QoQ in Q4
The South Korean economy advanced 0.3 percent on quarter in the three months to December, lower than a revised 0.8 percent expansion in the previous period. It is the slowest growth since the third quarter of 2012, mainly due to a decline in construction investment and a sharp slowdown in government consumption.
Published on 2015-03-25

South Korea GDP Growth Matches Estimates in Q4
The South Korean economy advanced 0.4 percent on quarter in the three months to December, in line with market expectations but lower than a 0.9 percent increase in the previous period. It was the slowest growth since the third quarter of 2012 as exports and investment contracted and consumption slowed.
Published on 2015-01-23

South Korea GDP Expands 0.9% QoQ in Q3
The South Korean economy advanced 0.9 percent on quarter in the three months to September compared with a 0.5 percent expansion in the previous period and due to a rebound in private consumption and higher construction investment.
Published on 2014-10-24

South Korean Economy Advances Less than Expected
The South Korean GDP expanded a seasonally adjusted 0.5 percent in the second quarter of 2014 compared with the previous period. Final estimates came below the advance 0.6 percent expansion, as investment and exports grew less than anticipated.
Published on 2014-09-04

South Korea GDP Growth Slows in Q2
The South Korean economy advanced a seasonally adjusted 0.6 percent on quarter in the three months to June, slowing from a 0.9 percent expansion in the previous two quarters. Advance estimates showed private consumption contracted for the first time in five quarters.
Published on 2014-07-24

South Korea GDP Growth Unrevised in Q1
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous period and unchanged from the advance estimate.
Published on 2014-06-05

South Korea GDP Growth Beats Expectations in Q1
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Published on 2014-04-24

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.
Published on 2014-03-25

South Korea GDP Growth Matches Expectations in Q4 2013
In the fourth quarter of 2013, South Korean economy advanced a seasonally adjusted 0.9 percent quarter-on-quarter, slowing from 1.1 percent in the previous two quarters, but matching market expectations. Advance estimates for the full 2013 showed the GDP expanded 2.8 percent, up from 2 percent in 2012.
Published on 2014-01-22

South Korean Economy Advances 1.1% QoQ in Q3
South Korean quarter-on-quarter GDP growth was confirmed at 1.1 percent in the third quarter of 2013, the same rate recorded in the previous three-month period.
Published on 2013-12-04

South Korea GDP Growth Beats Estimates in Q3
In the third quarter of 2013, South Korean GDP expanded 1.1 percent quarter-on-quarter, advance estimates released by the central bank showed. A rebound in private spending and robust construction investment were enough to offset a drop in exports.
Published on 2013-10-25

South Korea GDP Growth Confirmed at 1.1% QoQ in Q2
South Korea's economy grew by a seasonally adjusted 1.1 percent in the second quarter of 2013 over the previous three months, the same figure given in the advanced estimates.
Published on 2013-09-05

South Korea GDP Expands 1.1% in Q2
South Korea's economy grew by a seasonally adjusted 1.1 percent in the second quarter of 2013 over the previous three months, the strongest quarterly expansion since the first quarter of 2011.
Published on 2013-07-25

South Korea GDP Growth Revised Down to 0.8% QoQ in Q1
In the first quarter of 2013, South Korean GDP grew a seasonally adjusted 0.8 percent quarter-on-quarter, up from the 0.3 percent gain in the last three months of 2012, according to preliminary estimates released by The Bank of Korea. The latest figure, the strongest in a year, is slightly lower than the advance GDP estimates in April of 0.9 percent quarterly growth for the first quarter. Private consumption, investment and exports were slightly revised down from April's preliminary reading.
Published on 2013-06-07

South Korea GDP Expands 0.9% QoQ in Q1 2013
In the first quarter of 2013, South Korea real GDP grew by 0.9 percent from the previous quarter, according to advance estimates released by The Bank of Korea. Private consumption declined by 0.3 percent while exports grew by 3.2 percent.
Published on 2013-04-25

South Korea GDP Expands 0.3% in Q4
The Gross Domestic Product grew by 0.3 percent quarter-on-quarter in the fourth quarter of 2012. GDP increased by 1.5 percent year-on-year in the last quarter of 2012. South Korea GDP rose by 2.0 percent in 2012.
Published on 2013-03-26

South Korea GDP Expands by 0.1 Percent in Q3
Real gross domestic product (chained volume measure of GDP) grew by 0.1 percent quarter-on-quarter in the third quarter of 2012. Real GDP (chained volume measure of GDP) increased by 1.5 percent year-on-year in the third quarter of 2012.
Published on 2012-12-14