South Korea's gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the second quarter of 2021, the Bank of Korea said in Tuesday's advance estimate.
That was in line with expectations following the 1.7 percent growth in the previous three months.
On an annualized basis, GDP was up 5.9 percent - just shy or forecasts for an increase of 6.0 percent but up from 1.9 percent in the three months prior.
Real gross domestic income (GDI) decreased by 0.6 percent compared to the previous quarter.
For comments and feedback contact: editorial@rttnews.com
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.
