Südkorea Bip-Wachstum

South Korea's economy grew by 0.1% quarter-on-quarter in the fourth quarter of 2024, maintaining the same pace as the previous quarter, consistent with the figure given in the advance estimate. On the demand side, private consumption rose by 0.2%, as expenditures on services increased while expenditures on goods decreased. Government consumption grew by 0.7%, with increased expenditures on health care benefits. In terms of investment, construction investment fell by 4.5%, as building construction and civil engineering both decreased. However, facilities investment was up by 1.2%, driven by increased investment in machinery despite decreased investment in transportation equipment. Lastly, exports expanded by 0.8%, mainly due to IT-items such as semiconductors, while imports increased by 0.1%, owing to increased imports of machinery & equipment.