S. Korea's GDP ranks 10th worldwide in 2019
SEOUL, May 27 (Yonhap) -- South Korea's gross domestic product (GDP) ranked 10th in the world in 2019, down two notches from the previous year, data showed Wednesday.
Asia's fourth-largest economy registered US$1.64 trillion in nominal GDP last year, according to the data from the Organization for Economic Cooperation (OECD).
It marked South Korea's first ranking drop since the 2008 global financial crisis. The OECD analyzed 38 advanced and emerging economies.
South Korea's fall in GDP rankings came as its nominal economic growth rate stood at 1.4 percent in 2019, the third-lowest among 47 countries surveyed by the Paris-based organization.
GDP, the broadest measure of an economy's performance, refers to the total value of goods and services produced within the economy in a given period.
The United States topped the global GDP list with $21.43 trillion last year, trailed by China with $14.34 trillion and Japan with $5.08 trillion. Germany, Britain and France followed with $3.85 trillion, $2.83 trillion and $2.71 trillion, respectively.
South Korea's per capita GDP dropped to $31,682 last year from $33,340 in 2018, but its global ranking remained unchanged at 22nd among 35 major economies, according to the data.
(END)
-
Large number of Russian experts enter N. Korea to help spy satellite launch efforts: source
-
N. Korea warns of military action over alleged sea border incursions
-
Director aims to deliver wild surprises in comedy horror 'Handsome Guys'
-
(Movie Review) 'Dauren's Wedding': a serene tale of youths pursuing their dreams
-
Army says 1 trainee soldier died in line of duty
-
Director aims to deliver wild surprises in comedy horror 'Handsome Guys'
-
(Movie Review) 'Dauren's Wedding': a serene tale of youths pursuing their dreams
-
(LEAD) S. Korea, China agree to establish diplomatic security dialogue
-
Large number of Russian experts enter N. Korea to help spy satellite launch efforts: source
-
(LEAD) N. Korea notifies Japan of plan to launch satellite before June 4: Kyodo
-
N. Korea warns of 'unpredictable disaster' over U.S. spy plane's latest flyover
-
(3rd LD) S. Korea, U.S., Japan condemn N.K. launches, reaffirm peninsula denuclearization goal
-
N. Korea sending balloons carrying trash to S. Korea again: Seoul's military
-
Defense minister denounces N. Korea's launch of manure-carrying balloons as 'shameful', 'base'
-
(2nd LD) N. Korea sends some 90 balloons carrying trash to S. Korea: Seoul's military