Last year, Korea’s growth rate was ‘3rd’ among the 15 major OECD countries… #1 is China

(Provided by OECD)-Last year, the growth rate of Korea fell to negative, but it was found to be higher than that of major countries in the world.

This is because the aftermath of the spread of the novel coronavirus infection (Corona 19) was more serious in other developed countries.

According to the Organization for Economic Cooperation and Development (OECD) on the 23rd, last year, Korea’s real gross domestic product (GDP) growth rate was -1.0%, the third highest after China (2.3%) and Norway (-0.8%) out of 15 major countries.

Indonesia (-2.1%) and Sweden (-2.8%) ranked 4th to 5th. The following was followed by the US (-3.5%), Japan (-4.8%), and Germany (-5.0%). In France and Italy, where the spread of Corona 19 was large, a sharp decrease of -8.2% and -8.9%, respectively, was recorded. The OECD said, “The GDP of member countries has decreased by -4.9% annually in 2020. This is the largest decrease since 1962.” Then, “GDP has decreased in almost all countries.” “This was from -3.5% in the US to -9.9% in the UK.”

The OECD collects quarterly data published by each member country and publishes it separately at the beginning of each year. These figures are provisional values ​​that have not been finally adjusted.

The OECD cautioned that due to the difficulty in collecting statistics due to Corona 19, there may be more frequent or greater revisions this year than in the past.

(Seoul = News 1)