Menu Content
Go Top


Economy Grows 0.6% in Q3

Written: 2023-12-05 08:37:03Updated: 2023-12-05 15:00:07

Economy Grows 0.6% in Q3

Photo : YONHAP News

The South Korean economy grew zero-point-six percent in the third quarter.

According to tentative data by the Bank of Korea on Tuesday, the country's real gross domestic product(GDP) increased zero-point-six percent while the nominal GDP grew two-point-two percent on-quarter in the July-to-September period, matching earlier estimates.

The real GDP posted growth for the third consecutive quarter after shrinking zero-point-three percent in the last months of 2022 due to sluggish exports.

Private consumption increased zero-point-three percent in the third quarter, while facility investment decreased two-point-two percent.

Exports grew three-point-four percent, while imports gained two-point-three percent in the cited period. 

The country's real gross national income increased zero-point-five percent on-quarter in Q3. 

Editor's Pick


This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >