(2nd LD) S. Korea's nominal GDP grows at fastest pace in 47 years in Q2; $40,000 per capita GNI on track
SEOUL, Sept. 8 (Yonhap) -- South Korea's nominal gross domestic product (GDP) gr...
South Korea's nominal GDP grew at the fastest pace in 47 years in the second quarter, reaching a per capita gross national income (GNI) of US$40,000 on track, according to central bank data released on Tuesday. The country's real GDP rose 0.6 percent, matching the Bank of Korea's earlier estimate and extending its growth momentum after expanding 3.8 percent in the first quarter.
The economy's rebound was driven by strong AI-related exports and facility investment, while private consumption and government spending also increased. The central bank expects South Korea to post a per capita GNI of US$40,000 in 2026 unless there are unexpected external shocks.
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