Financial News: South Korea GDP Rises 0.1% In Q4

South Korea GDP Rises 0.1% In Q4

01/22/2025 - 18:39:00 (RTTNews)

(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2024, the Bank of Korea said on Thursday.

That was unchanged from the three months prior, although it missed expectations for an increase of 0.2 percent.

On an annualized basis, GDP was up 1.2 percent - missing forecasts for 1.4 percent and slowing from 1.5 percent in the third quarter.

For all of 2024, GDP was up 2.0 percent - up from 1.4 percent in the previous year.

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