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한상넷 로고한상넷

전체검색영역
Korea’s per capita GNI up 1.4% to $27,561, GDP 2.8% in 2016
Collected
2017.03.28
Distributed
2017.03.29
Source
Go Direct
South Korea’s per capita gross national income added a mild 1.4 percent to stop at $27,561, while the gross domestic product grew 2.8 percent last year, according to national account data from the Bank of Korea on Tuesday.

The per capita income made little strides upon achieving the middle-income milestone of $20,000 in 2006. Last year, it added just $390.The per capita GNI is a per-person average of total domestic and foreign output by all residents at home and abroad. Korea has long aspired for $30,000 individual income level as a threshold for a rich-nation group but was stuck in the bottleneck for a decade due to the slow-motion economy.

The weaker Korean won was another factor behind the stagnant GNI figure. The won lost 2.9 percent on year to average 1,160.4 against the U.S. dollar.

The country’s GDP grew by 2.8 percent on year last year, adjusted upwards by 0.1 percentage point from the preliminary data released in January. The GDP growth for 2015 was finalized at 2.8 percent, up 0.2 percentage point from provisional reading.

The nominal GDP for last year came at 1.6 trillion won ($1.5 billion), up 4.7 percent from a year earlier.

By Boo Jang-won

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]