S. Korea ranks 11th worldwide in GDP: World Bank data
Aug. 16, 2016
[THE INVESTOR] South Korea ranked No. 11 worldwide in gross domestic product in 2015, with its global status rising two notches from a year earlier, data showed on Aug 16.According to the data from the World Bank, the nation’s nominal GDP came to US$1.38 trillion last year, up from the No. 13 spot a year earlier. But the value was down 2.4 percent from US$1.42 trillion the previous year.GDP, the broadest measure of an economy’s performance, is the total value of goods and services produced withi