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S. Korea's Per Capita Income Sees Sharpest Drop in 10 Years

Write: 2020-06-02 10:16:36Update: 2020-06-02 10:40:38

S. Korea's Per Capita Income Sees Sharpest Drop in 10 Years

Photo : YONHAP News

South Korea's per capita income, in terms of U.S. dollar value, saw the sharpest drop in ten years last year.

According to the Bank of Korea on Tuesday, the country's gross national income(GNI) per capita amounted to 32-thousand-115 U.S. dollars in 2019, or down four-point-three percent from 2018.  

The drop is the sharpest to be posted since 2009 when the figure slipped by more than ten percent. 

The central bank said the decrease happened last year when the Korean won weakened and the nominal GDP growth remained low. 

South Korea's per capita income surpassed 30-thousand dollars back in 2017.

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