Description
South Korea's Gross Domestic Product (GDP) annual growth rate, based on constant 2015 prices, is released by the Bank of Korea (BOK). This indicator measures the year-on-year change in the economy by comparing GDP during a specific period with the same period in the previous year, adjusted to 2015 prices. It serves as a crucial measure for assessing South Korea's economic performance and growth trends. A higher annual growth rate indicates a strong and expanding economy, while lower or negative growth rates suggest stagnation or contraction.
The data is updated quarterly and is typically released within a few weeks after the end of each quarter.