Seoul: South Korea ranked sixth in first-quarter economic growth among major advanced and emerging economies as its economy got a boost from recovering exports and investment, data showed Thursday.
Asia's fourth-largest economy expanded 0.9% on-quarter in the January-March period from three months earlier, a quarterly increase of 0.4 percentage point in the fourth quarter of last year, according to the data by the Organization for Economic Cooperation and Development (OECD).
It was the sixth-highest quarter-to-quarter improvement among the 25 OECD member nations whose growth figures were available, (Yonhap) news agency reported.
The average on-quarter growth rate of the OECD economies came to 0.4% in the first quarter, compared with a 0.7% on-quarter gain in the October-December period.
Of the total, 12 countries saw their growth pace widen in the first quarter from three months earlier, while the remainder suffered slowdowns or stagnation.
