In the fourth quarter of 2024, South Korea's Gross Domestic Product (GDP) showed no change compared to the same period the previous year, maintaining a growth rate of 1.2%, as per the latest data released on March 4, 2025. This steady figure reflects consistent economic performance during a globally challenging time.
As the world continues to navigate through various economic uncertainties, South Korea's GDP figures bring a level of stability to the nation's economic outlook. The 1.2% growth comparison, measured on a year-over-year basis, indicates a sustained economic momentum despite a myriad of external pressures.
With this stability, South Korean policymakers may find relief in the nation's resilience, though challenges lie ahead in maintaining this growth rate amidst evolving global economic landscapes. For now, the unchanged GDP figure underscores steady economic progress coming out of the pandemic and into a period focused on recovery and growth stabilization.
