South Korea's GNI per capita falls 7.7% last year on weak local currency
newscatcher
2023-03-07 05:30
South Korea's GNI per capita falls 7.7% last year on weak local currency
[Photo by Yonhap]South Korea's gross national income (GNI) per capita fell 7.7 percent last year on the back of the local currency's depreciation against the U.S. dollar.The country's per capita was $32,661 in 2022, according to a preliminary data from the Bank of Korea Tuesday. Based on the local currency, the figure was 42.2 million won, up 4.3 percent from a year earlier.'Last year, the won/dollar exchange rate increased at an annual average of 12.9 percent, causing nominal gross domestic product to decline 8.

https://n.news.naver.com/mnews/article/009/0005097844?sid=104

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