FOREX TradingCharts.com

Financial News: South Korea GDP Gains 0.2% On Quarter In

South Korea GDP Gains 0.2% On Quarter In Q4

03/27/2018 - 19:47:00 (RTTNews)

(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2017, the Bank of Korea said on Wednesday.

That follows the 1.4 percent gain in the third quarter.

On a yearly basis, GDP expanded 2.8 percent - slowing from 3.8 percent in the three months prior.

For all of 2017, GDP climbed 3.1 percent.

Agriculture, forestry and fishing increased by 0.3 percent in 2017, mainly due to the growth of aquaculture.

Manufacturing increased 4.4 percent. While transportation equipment contracted, the growth in machinery and equipment and electrical and electronic equipment expanded.

Construction climbed 7.1 percent. While civil engineering fell 3.0 percent, residential and non-residential building construction increased.

Services showed a slower expansion of 2.1 percent. While the growth of finance and insurance expanded, the growth in wholesale and retail trade and cultural and other services slowed.

Private consumption advanced 2.6 percent in 2017, with an increase in the consumption of durable goods.

Gross fixed capital formation spiked 8.6 percent. Construction investment increased by 7.6 percent, mainly owing to the growth in residential building construction. Facilities investment increased by 14.6 percent, driven by investment in general machinery and precision instruments. Intellectual property products investment increased by 3.0 percent.

In 2017, gross domestic product at current prices (nominal GDP) jumped 5.4 percent to 1,730.4 trillion won. GNI per capita in US dollar terms marked a year-on-year increase of 7.5 percent to reach $29,745 in 2017.

The GDP deflator rose by 2.3 percent in 2017.

The gross saving ratio rose by 0.2 percentage points, from 36.1 percent in 2016 to 36.3 percent in 2017. The gross domestic investment ratio grew by 1.9 percentage points, from 29.3 percent to 31.2 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


BRAZIL: Ibovespa Falls With Risk Aversion, Rise In Treasuries Yields (12 min(s), 11 sec(s) ago)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, closed down by 0.16%, to 85,469.08 poin ...Full Story»

ARGENTINA: Aerolineas Eliminates Business Class In Domestic Flights (35 min(s), 11 sec(s) ago)
(RTTNews) - Aerolineas Argentinas plans to eliminate the business class in domestic flights, said ...Full Story»

Japan All Industry Activity Index Due On Wednesday (43 min(s), 11 sec(s) ago)
(RTTNews) - Japan will on Wednesday see February figures for its all industry activity index, high ...Full Story»

ECUADOR: Government Assesses CAN Resolution On Withdrawal Of Customs Fee (52 min(s), 11 sec(s) ago)
(RTTNews) - Ecuador evaluates the recent resolution of the General Secretariat of the Andean Commu ...Full Story»

UNASUR: Bolivia To Seek Consensus With Countries That Suspended Presence (02 hr(s), 07 min(s), 11 sec(s) ago)
(RTTNews) - Bolivia's President Evo Morales intends to open talks with his counterparts in the ...Full Story»

BRAZIL: INDA May Revise Down Forecast For Steel Sales High In 2018 (02 hr(s), 25 min(s), 11 sec(s) ago)
(RTTNews) - Brazil's National Institute of Steel Distributors (INDA) may revise down its forec ...Full Story»

BRAZIL: Consumer Confidence Index Drops In April - FGV (02 hr(s), 43 min(s), 11 sec(s) ago)
(RTTNews) - Brazil's Consumer Confidence Index (ICC) fell by 2.6 points to 89.4 points in Apri ...Full Story»

ECUADOR: Moreno Claims That ELN Has Not Agreed To Abandon Violence (03 hr(s), 04 min(s), 11 sec(s) ago)
(RTTNews) - The president of Ecuador, Lenin Moreno, claimed that the National Liberation Army (ELN ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

BRAZIL: Ibovespa Falls With Risk Aversion, Rise In Treasuries Yields

04/24/2018 - 18:31 PM (RTTNews)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, closed down by 0.16%, to 85,469.08 poin ...Full Story>>

ARGENTINA: Aerolineas Eliminates Business Class In Domestic Flights

04/24/2018 - 18:08 PM (RTTNews)
(RTTNews) - Aerolineas Argentinas plans to eliminate the business class in domestic flights, said ...Full Story>>

Japan All Industry Activity Index Due On Wednesday

04/24/2018 - 18:00 PM (RTTNews)
(RTTNews) - Japan will on Wednesday see February figures for its all industry activity index, high ...Full Story>>

ECUADOR: Government Assesses CAN Resolution On Withdrawal Of Customs Fee

04/24/2018 - 17:51 PM (RTTNews)
(RTTNews) - Ecuador evaluates the recent resolution of the General Secretariat of the Andean Commu ...Full Story>>

UNASUR: Bolivia To Seek Consensus With Countries That Suspended Presence

04/24/2018 - 16:36 PM (RTTNews)
(RTTNews) - Bolivia's President Evo Morales intends to open talks with his counterparts in the ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.