The Bank of Korea published its preliminary national accounts for 2025, reporting real gross domestic product growth of 1.1% from 2024 and real gross national income growth of 2.1%. Private consumption, government consumption and facilities investment increased, but a deeper fall in construction investment and more moderate export growth constrained the overall pace of expansion. On the production side, manufacturing rose 2.4% and services 1.7%, while construction fell 9.2%. On the expenditure side, private consumption grew 1.5% and gross fixed capital formation fell 3.4%, as a 9.7% drop in construction investment outweighed a 1.5% rise in facilities investment and a 3.0% increase in investment in intellectual property products. Exports increased 4.3%, driven mainly by IT products including semiconductors, and imports rose 3.3%. At current prices, nominal GDP grew 4.4% to KRW 2,676.7 trillion, the GDP deflator rose 3.2%, and per capita GNI in USD increased 0.3% to USD 36,963.
Bank of Korea2026-06-09
Bank of Korea publishes preliminary 2025 national accounts with real GDP up 1.1%
The Bank of Korea released preliminary 2025 national accounts showing real gross domestic product growth of 1.1% and real gross national income growth of 2.1%, with nominal gross domestic product up 4.4% to KRW 2,676.7 trillion. Growth was supported by higher private and government consumption, services and manufacturing output, and a 4.3% rise in exports led by IT products, but was constrained by a 9.2% fall in construction and weaker gross fixed capital formation.