ISTANBUL, Jan 26 (AA\/APP):South Korea’s economy grew 4% in 2021 on a yearly basis, which is the largest gross domestic product (GDP) growth rate since 2010.<\/p>\n
According to the Bank of Korea’s figures, the country’s GDP grew 4.1% in the last quarter of 2021 on an annual basis.<\/p>\n
During the year, the GDP grew 1.9% in the first quarter, 6% and 4% in second and third quarters, versus the same quarters in 2020.<\/p>\n
The country’s economy contracted by 0.9% in 2020.<\/p>\n
Citing 2021 figures, the bank said: “On the expenditure side, the growth of facilities investment and government consumption continued, while private consumption and exports turned positive.<\/p>\n
“On the production side, while the decline in construction was sustained, manufacturing and services reversed to an increase.”<\/p>\n","protected":false},"excerpt":{"rendered":"
ISTANBUL, Jan 26 (AA\/APP):South Korea’s economy grew 4% in 2021 on a yearly basis, which is the largest gross domestic product (GDP) growth rate since 2010. According to the Bank of Korea’s figures, the country’s GDP grew 4.1% in the last quarter of 2021 on […]<\/p>\n
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