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Financial News: South Korea GDP Expands 0.6% In Q4

South Korea GDP Expands 0.6% In Q4

03/04/2024 - 18:19:00 (RTTNews)

(RTTNews) - South Korea's gross domestic product gained a seasonally adjusted 0.6 percent on quarter in the fourth quarter of 2023, the Bank of Korea said on Tuesday.

That was in line with expectations and unchanged from the previous quarter.

Real gross national income increased 0.1 percent on quarter, easing from 1.6 percent in Q3.

On an annualized basis, GDP was up 2.2 percent - again matching forecasts and accelerating from 1.4 percent in the three months prior.

For all of 2023, GDP was up 1.4 percent - moderating from 2.6 percent in 2022.

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