Korea’s economy growth by 2% during 2024

Seoul on March 5/ WAM/ Central Bank of Korea data showed today, Wednesday, that the economy of the Republic of Korea grew by 2% in the year 2024, which matches previous estimates.

The Korean News Agency, Yonhap, stated that the real GDP, which is a major measure of economic growth, increased by 2% last year, in line with the previous central bank estimates in January, according to the initial data issued by the Central Bank of Korea.

Thus, growth accelerated in 2024 from the growth recorded in 2023 by 1.4%.

The data also showed that the per capita national income in the country reached 36.624 USD in 2024, an increase of 1.2% over the previous year.

– Khal –

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