South Korea GDP Expands 1.5% YoY in Q1 2013


In the first quarter of 2013, South Korea real GDP grew by 1.5 percent over the previous year. Advance estimates released by The Bank of Korea showed that gross fixed capital formation contracted by 4.5 percent while exports rose by 3.6 percent.

Real GDP (chained volume measure) increased by 1.5 percent year-on-year in the first quarter of 2013.

On the expenditure side, private consumption increased by 1.6 percent.

Construction investment rose 0.7 percent, while facilities investment dropped by 11.75 percent.

Exports grew by 3.6 percent and imports by 1.8 percent.

On the production side, agriculture, forestry & fishing increased by 0.2 percent.

Manufacturing grew by 1.1 percent, Construction by 0.9 percent and Services by 1.9 percent.

Real gross domestic income (GDI) increased by 3.6 percent.

On a quarter-over-quarter basis, real GDP (chained volume measure) expanded 0.9 percent.


The Bank of Korea | Joana Taborda | joana.taborda@tradingeconomics.com
4/25/2013 1:03:44 AM