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The Gist
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Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
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Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
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Economy 1 MIN READ

S.Korea revised Q2 GDP rises 0.7% q/q, in line with earlier estimate

August 31, 2022By Reuters
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SEOUL, Sept 1 (Reuters) – South Korea’s economy grew in the second quarter by a seasonally adjusted 0.7% from the previous quarter, revised central bank data showed on Thursday, matching the advance estimate released earlier.

That was slightly faster than a 0.6% growth in the first quarter but slower than 1.3% in the last quarter of 2021, according to the Bank of Korea data.

By expenditure, private consumption advanced 2.9%, while construction and facilities investment grew 0.2% and 0.5%, respectively. Exports shrank 3.1%.

The country’s gross domestic product expanded by 2.9% on a year-on-year basis, also unchanged from the earlier estimate.

(Reporting by Jihoon Lee; Editing by Christian Schmollinger)

((jihoon.lee@thomsonreuters.com;))

This article originally appeared on reuters.com

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