Oil Prices Surge as Houthi Attacks Raise Saudi Supply Fears 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Asian Stocks Fall as AI Fears and Oil Surge Hit Markets 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Hormuz Vessel Traffic Drops to Single Digits 
UK Economy Grows 0.4% in July, Beating Forecasts 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
Finland Raises 2026 Growth Forecast as Exports and Investment Surge 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
UK Businesses Urge Government to Cut Electricity Levies 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
China Industrial Output Beats Forecasts as Exports Support Growth 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
Dollar Rises as Fed Hike Bets Weigh on Asian Currencies 
Add as a preferred source on Google
South Korea produced a nominal gross domestic product (GDP) valued at US$1.64 trillion in 2019 to rank 10th globally, down two spots from 2018.
The data was based on the Organization for Economic Cooperation's (OECD) analysis of 38 advanced and emerging economies.
The drop in GDP rankings came as South Korea posted a nominal economic growth rate of 1.4 percent last year, ranking the third-lowest among 47 countries analyzed.
The United States topped the global GDP list with $21.43 trillion, followed by China with $14.34 trillion and Japan with $5.08 trillion. Trailing them were Germany with $3.85 trillion, Britain with $2.83 trillion, and France with $2.71 trillion.
South Korea's per capita GDP dipped to $31,682 in 2019 from the $33,340 in the previous year, although it remained at 22nd among 35 major economies.
The International Monetary Fund sees the South Korean economy declining by 1.2 percent in 2020, while the Korea Development Institute projects a 0.2-percent expansion this year.
