Last year, Korea's gross national income (GNI) in terms of dollars was the largest in 10 years.

Annual real gross domestic product (GDP) growth was 2.0%, the same as breaking news.

The growth rate for the fourth quarter of last year was 1.3%, up 0.1 percentage point from the breaking news.

According to the Bank of Korea's fourth quarter and annual national income (provisional) announced on the 3rd, GNI per capita last year was $ 32,47, 4.1% higher than the previous year ($ 33,434). ($ 1387).

The decline is the largest since 2009 (-10.4%) during the financial crisis.

The most recent decline in GNI per capita was in 2015 (-1.9%).

Last year, the weak won drove down dollar-denominated earnings while nominal GDP growth was below real GDP growth.

GNI per capita was KRW 357.3 million, up 1.5% year-on-year.

Korea opened the era of national income of $ 30,000 in 2017 ($ 31,734).

The bank announced last year's preliminary GDP growth rate at 2.0% per year.

Same as the breaking news announced last January.

In contrast, real GDP grew 1.3% QoQ, up 0.1 percentage points from the breaking news.

Intellectual product investment (-0.3% point) was lowered, while facility investment (1.8% point), construction investment (0.7% point) and private consumption (0.2% point) were raised.

On an annual basis, growth contributions were 0.5% for the private sector and 1.5% for the government.

A KHNP official said, "The impact of the government's expansion of finances amid slowing private sector growth, including slowing exports."

Last year's nominal GDP was 1914 trillion won, up 1.1% year-on-year.

Nominal growth was the lowest in 21 years since 1998 (-0.9%) during the financial crisis.

The slowdown in nominal GDP growth was due to a worsening of terms of trade due to falling semiconductor prices.

Even if the real GDP growth rate is the same, if the nominal GDP growth rate is low, it is difficult for economic agents to feel the growth.

GDP deflator, nominal GDP divided by real GDP, fell 0.9% year over year.

The decline was 13 years after 2006 (-0.2%), but the decline was the largest in 20 years since 1999 (-1.2%).

The GDP deflator shows the overall price level of the national economy, including domestically produced exports and investment goods.

It was analyzed that the export deflator fell sharply due to a sharp drop in the price of major export items such as semiconductors, leading to a drop in GDP deflator.

Total savings was 34.6%, down 1.2 percentage points from a year ago.

It was the lowest in seven years since 2012 (34.5%).