Südkorea Bip-Wachstum

South Korea's economy grew 0.1% quarter-on-quarter in the third quarter of 2024, rebounding from a 0.2% contraction and consistent with the figure given in the advance estimate. The slight growth was driven mainly by modest increases in government and private consumption. On the expenditure side, private consumption grew by 0.5%, as expenditures on goods (e.g. electricity, gas & other fuels, and motor vehicles) and services (e.g. health services and transport services) both increased. Government consumption also rose by 0.6%, with increased social security benefits in kind (e.g. expenditures on health care benefits). Meanwhile, construction investment shrank by 3.6%, while facilities investment increased by 6.5%. Elsewhere, exports fell by 0.2%, as exports of motor vehicles and chemical products decreased, while imports were up by 1.6% as imports of machinery & equipment increased.