According to Yonhap News,
The gross regional domestic product (GRDP) in South Korea rose 3.9 percent in 2022 on-year, led by gains in the manufacturing industry, data showed Friday.
The GRDP was tallied at 2,166 trillion won (US$1.67 trillion) last year, up 82 trillion won from a year earlier, according to the data provided by Statistics Korea.
The GRDP of Gyeonggi Province that surrounds Seoul came to 547 trillion won last year, the largest amount among the country's 17 cities and regions, followed by Seoul with 486 trillion won and South Chungcheong Province with 128 trillion won.
The greater Seoul area, which includes Gyeonggi and the western port city of Incheon, reported a 1,137 trillion-won GRDP last year, representing 52.5 percent of the total.
Per-capita GRDP came to 41.95 million won last year, up 4.2 percent from a year earlier, the data showed.
Seoul, South Chungcheong Province and the southeastern industrial city of Ulsan saw their regional per-capita GRDP exceed the national average, while such regions as the southeastern city of Daegu and the southern resort island of Jeju remained below the average.
Last year's growth came as output from the mining and manufacturing sector added 1.4 percent on-year. The construction sector and the service field also logged on-year expansions of 1.7 percent and 4.1 percent, respectively.
The gross regional income went up 4.3 percent to 2,197 trillion won last year, and per-capita income totaled 23.39 million won by rising 5.8 percent on-year.
By region, Seoul reported the largest per-capita income of 26.61 million won, followed by Ulsan with 26.07 million won and the central city of Daejeon with 24.22 million won, the data showed.
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Source: Yonhap News (December 22, 2023)