South Korea Q4 GDP Growth Revised Down to 0.3%

Seoul, South Korea
SJ. Kim | Flickr | Getty Images
Seoul, South Korea

South Korea's economy grew a seasonally adjusted 0.3 percent in the October-December period from the previous quarter and by 1.5 percent from a year before, revised data showed on Tuesday, just below advance estimates.

(Read More: South Korea Inflation Eases, Gives Room for Rate Cut)

The Bank of Korea had estimated in late January South Korea's fourth-quarter growth at 0.4 percent over the previous three-month period, and by 1.5 percent on an annual basis.

(Read More: South Korea January Current Account Surplus Hits Record)

For the whole of 2012, Asia's fourth-largest economy grew 2.0 percent, unchanged from the Bank of Korea's January 24 estimates and following a finalized 3.7 percent rise in 2011.

Contact Asia Economy


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