The Bank of Korea released its advance national accounts estimate for Korea showing real gross domestic product (chain-weighted 2020 prices) contracted by 0.3 percent quarter on quarter in the fourth quarter of 2025, while increasing by 1.5 percent year on year. For 2025 as a whole, real GDP rose by 1.0 percent and real gross domestic income increased by 1.7 percent, exceeding GDP growth. In Q4 2025, private consumption grew by 0.3 percent and government consumption by 0.6 percent, but construction investment fell by 3.9 percent and facilities investment by 1.8 percent; exports and imports decreased by 2.1 percent and 1.7 percent, respectively. On the production side, agriculture, forestry and fishing expanded by 4.6 percent and services by 0.6 percent, while manufacturing declined by 1.5 percent, electricity, gas and water supply by 9.2 percent, and construction by 5.0 percent. The Bank of Korea noted that advance quarterly estimates are released within 28 days of quarter-end and are followed by more detailed preliminary quarterly estimates within 70 days, while annual releases progress from preliminary gross national income around three months after year-end to preliminary and final national accounts around six months after year-end and six months after the following year has ended.
Bank of Korea 2026-01-22
Bank of Korea publishes advance estimate showing real GDP fell 0.3% quarter on quarter in Q4 2025 and rose 1.0% in 2025
The Bank of Korea's advance national accounts estimate shows Korea's real GDP contracted by 0.3% quarter-on-quarter in Q4 2025 but grew by 1.5% year-on-year, with an overall annual increase of 1.0% in 2025. Private and government consumption rose, while construction and facilities investment, exports, and imports declined; the production sector saw growth in agriculture and services but declines in manufacturing, utilities, and construction.