MK Business News Logo
Monday, December 22, 2014 search icon
검색 search
Top Stories
Finance
Market
Economy
Companies
General
Opinion Editorial
Archive
Photo
Subscribe to MK English Newsletter
World Knowledge Forum

Home > mk Business News >> Economy 프린트 이메일 전송 리스트
S. Korea’s GDP grows 0.9 pct on-quarter in Q1
2013.04.25 09:54:09 | 2013.04.25 15:58:51
보내기
South Korea’s gross domestic product (GDP) grew 0.9 percent on-quarter in the first quarter (Q1) this year.

The GDP growth more than doubled from 0.3 percent of Q4 last year, and beat the estimate (0.8 percent) of Governor Kim Choong-soo of the Bank of Korea (BOK).

[S. Korea’s GDP grows 0.9 pct on-quarter in Q1] 기사의 본문 이미지

The nation’s real GDP expanded 0.9 percent on-quarter in Q1, said the central bank Thursday. The real GDP jumped 1.5 percent on a yearly basis.

The nation’s real gross domestic income (GDI) went up 1.0 percent, backed by improved terms of trade.

The GDP growth beat the expectation of the market, which had previously forecast GDP would grow at more meager rates of 0.4 percent to 0.5 percent in Q1.

The GDP grew at a higher pace than expected as both exports and investments in construction and facilities boomed despite sluggish private consumption.

Private consumption slid 0.3 percent on-quarter as consumption of durable goods and semi-durable goods declined.

But investment in construction rose 2.5 percent, especially in residential and civil engineering construction in Q1. The investment had fell 1.2 percent in the previous quarter.

Facility investment swung to a 3.0 percent expansion in Q1 from a 1.8 percent contraction in Q4 last year, bolstered by increased investments in machinery and transportation equipments.

Exports rose 3.2 percent as outbound shipments of petrochemical products increased. Exports had shrunk 1.1 percent in the prior quarter.

Imports also turned to a 2.5 percent growth from a 0.8 percent contraction as imports of electric machinery and petrochemical products went up.

[Written by Sun-ah Kim]



[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]

경제용어사전 프린트 이메일 전송 리스트

PDF list
Fri, Dec 19, 2014
Latest News
Agriculture ministry bans chicken imp..
University tuition to be frozen next ..
FSS issues warning for credit card lo..
S.Korean gov’t to restructure specia..
S. Korea’s debt in public sector amo..
Citizens look for bold reform from Pr..
KCC’s TV commercial volume control t..
Constitutional Court orders dissoluti..
Samsung Electronics to return more pr..
Implications of normalization of US’..
Press Releases&Speeches
[Press Release] 2014 Meeting of Heads..
[Press Release] Foreign Ministry Dona..
Today Vocab&Phases
[12/22 Mon] Bank pool loan
acquiesce, candor
Announcement

Terms of Use | Advertise With Us | Privacy Policy | Copyright Policy | Contact Us | Unauthorized collection of e-mail addresses disapproved
Copyrightⓒ 2009 Maeil Business Newspaper & MK Inc. All rights reserved.