South Korea Q1 GDP revised up to 1.8% q/q growth

Created at 8 Jun · 11:13 PM2 sources↑ Market-relevant

IN SHORT

South Korea's economy grew 1.8% in the first quarter, a revision upward from the initial estimate of 1.7%. Annual growth was also revised up to 3.8% from 3.6%, according to the Bank of Korea.

Key Numbers

1.8%Q1 GDP growth q/q

1.7%Initial Q1 GDP growth estimate q/q

3.8%Q1 GDP growth y/y

3.6%Initial Q1 GDP growth estimate y/y

Who's Involved

Bank of Korea

Released revised Q1 GDP data

↳ Why This Matters

The upward revision to South Korea's first-quarter GDP growth indicates a more robust economic performance than initially assessed, potentially influencing future monetary policy decisions and market sentiment.

Key facts

South Korea's Q1 GDP grew 1.8% quarter-on-quarter, revised up from 1.7%.
Annual GDP growth for Q1 was revised up to 3.8% from 3.6%.
The data was released by the Bank of Korea.

South Korea's economy experienced stronger growth in the first quarter than previously estimated, according to revised data from the Bank of Korea. The gross domestic product (GDP) for the January-March period was revised upward to a 1.8% increase compared to the preceding three months, surpassing the initial estimate of 1.7%. On an annual basis, the economy grew by 3.8%, an upward revision from the advance estimate of 3.6%.

FREQUENTLY ASKED

South Korea's GDP grew 1.8% in the first quarter on a quarter-on-quarter basis, revised up from an initial estimate of 1.7%.

The year-on-year GDP growth for the first quarter was revised up to 3.8%, from an initial estimate of 3.6%.

The revised GDP data was released by the Bank of Korea.

South Korea Q1 GDP revised up to 1.8% q/q growth

PiQ Daily

Key facts

South Korea Q1 GDP revised up to 1.8% q/q growth

PiQ Daily

Key facts

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