S. Korea's GDP ranked 10th worldwide in 2019, down 2 notches from 2018: OECD
- 4 years ago
한국 GDP 순위 10위로 두 계단 하락…금융위기 이후 첫 하락
Of 38 major and developing economies around the world-- South Korea's rank in terms of gross domestic product fell two slots to tenth last year.
According to an OECD report Wednesday, the GDP of Asia's fourth largest economy in 2019 was one-point-six trillion U.S. dollars,... down from eighth the previous year.
This is the first time in eleven years that the country's GDP ranking has fallen.
The OECD added that the drop comes as South Korea's nominal economic growth rate came in at one-point-four percent last year.
Of 38 major and developing economies around the world-- South Korea's rank in terms of gross domestic product fell two slots to tenth last year.
According to an OECD report Wednesday, the GDP of Asia's fourth largest economy in 2019 was one-point-six trillion U.S. dollars,... down from eighth the previous year.
This is the first time in eleven years that the country's GDP ranking has fallen.
The OECD added that the drop comes as South Korea's nominal economic growth rate came in at one-point-four percent last year.