Advertisement

International Business / The Pacific

Share

S. Korea GDP Rose 9% in 1995: The performance, helped by brisk exports and capital investments, is the highest growth rate since a 9.1% increase in 1991, the Bank of Korea said. Exports of goods and services rose 24.1% last year. Exports of goods alone grew 25.3%, thanks largely to more shipments of automobiles, semiconductors and machinery. Capital investment increased 15.9% as South Korean companies continued expanding factories. The manufacturing sector gained the most: 10.7%. The service sector grew by 10%. Per-capita gross national product was $10,076 last year in South Korea, which ranks as the 32nd-richest nation in the world, the central bank said.

Advertisement