South Korea GDP Grows 1.9% On Quarter In Q3

South Korea’s gross domestic product gained a seasonally adjusted 1.9 percent on quarter in the third quarter of 2020, the Bank of Korea said in Tuesday’s advance estimate.

That beat estimates for an increase of 1.7 percent following the 3.2 percent decline in the three months prior.

Real gross income gained 2.5 percent on quarter after shedding 1.9 percent in the second quarter.

On a yearly basis, GDP was down 1.3 percent – again beating forecasts for a fall of 1.9 percent following the 2.7 percent drop in the previous three months.

For comments and feedback contact:

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Leave a Reply