South Korea GDP Adds 0.6% On Quarter In Q4
(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 0.6 percent on quarter in the fourth quarter of 2023, the Bank of Korea said on Thursday.
That was unchanged from the Q3 reading, and it exceeded estimates for an increase of 0.5 percent.
On an annualized basis, GDP climbed 2.2 percent - also beating forecasts for 2.1 percent and accelerating from 1.4 percent in the three months prior.
For all of 2023, South Korea's GDP was up 1.4 percent.
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