S. Korea's per capita income in 2018 to surpass U.S.$30,000, but GDP growth seen faltering to 6-year low
- 5 years ago
South Korea's per capita income is on pace to break the 30-thousand U.S. dollar mark this year,... but the nation's economic growth rate is expected to dip to a 6-year low.
According to the Bank of Korea on Sunday,... the country's G-N-I per capita is projected at roughly 31-thousand U.S. dollars in 2018,... twelve years after surpassing the 20-thousand dollar mark.
However, Korea's G-D-P growth is expected to be sluggish at 2-point-7 percent this year,... the lowest level since 2012.
The central bank attributed the slowing economy... to weak domestic demand, especially in the construction sector.
According to the Bank of Korea on Sunday,... the country's G-N-I per capita is projected at roughly 31-thousand U.S. dollars in 2018,... twelve years after surpassing the 20-thousand dollar mark.
However, Korea's G-D-P growth is expected to be sluggish at 2-point-7 percent this year,... the lowest level since 2012.
The central bank attributed the slowing economy... to weak domestic demand, especially in the construction sector.