FIFA Secretary General Urs Linsi, left, and German referee Markus Merk pose with the official World Cup soccer ball prior to a news conference in Neu Isenburg, near Frankfurt, central Germany, Tuesday, March 21, 2006 on occasion of a five-day training program for the referees of the FIFA World Cup 2006 in Germany. (AP Photo/Michael Probst)



Gross National Income (GNI) up 0.5%, GDP up 4.0%

It is surveyed that due to fluctuation of international oil prices and aggravation of the domestic trade atmosphere, GNI (Gross National Income) was almost the same compared to last year. However, according to the Bank of Korea, GDP (Gross Domestic Product) was up 4.0% compared to last year, which is a little higher than expected.

In particular, it is forecast that GDP will increase since the main barriers that hinder the Korean economic environment have been increasingly removed. Additionally, because the domestic consumption rate is continually rising, experts expect that GDP will increase slowly.

In the Korean financial crisis of 1998, substantial GNI was down 8.3%, which was the worst drop on record. A governmental source says that the Korean government anticipated that the substantial GDP rate of increase would be over 5%, but was up 4 %. However, some experts working at civic institutes took the outlook that GNI would be less than 3% of last year.

In case of GDP, it increased over 3.5% compared to the same month last year, amounting to 806,600 billion won, whereas GNI per capita was 16,291 dollars, up 14.8% compared to last year (14,193 dollars), close to the GNI 20,000 dollar era.
/ 입력시간: 2006. 03.23. 08:51