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South Korea GDP surges 1.7% in Q1 2026, fastest pace in over 5 years
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South Korea's real GDP jumped 1.7 percent in Q1 2026 from the prior quarter—the strongest growth in 5½ years—despite Middle East tensions, easily topping the Bank of Korea's 0.9 percent forecast on robust exports and steady domestic demand. Part of the rebound following 2025's modest 1% annual expansion (see prior article in series).
Dane reported Bogotá's GDP grew 4.6% in Q3 2025 year-on-year, surpassing Colombia's national figure of 3.6% from the same period in 2024. Growth was fueled by commerce, transport, and services sectors. Year-to-date through Q3, the capital's GDP expanded 3.9%.
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Defense Minister Shinjiro Koizumi said Friday that Japan's initial budget for defense spending and related costs in fiscal 2026 totals about 10.6 trillion yen ($66.5 billion), roughly 1.9 percent of its 2022 gross domestic product or around 1.5 percent using projected fiscal 2026 GDP. Japan aims to raise spending to 2 percent of GDP by fiscal 2027.
Major revisions to India's GDP data, published by the government on Friday, indicate it will take longer than expected for the country to surpass Japan as the world's fourth-largest economy. The new base year estimates put nominal GDP at 345.47 trillion rupees for the fiscal year ending March, lower than the previous series' forecast of 357.14 trillion rupees.
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Nigeria's Gross Domestic Product expanded by 4.07% year-on-year in real terms during the fourth quarter of 2025, according to the National Bureau of Statistics.
The Korea Chamber of Commerce and Industry (KCCI) argued that excessive regulations on large companies may have reduced South Korea's gross domestic product (GDP) by up to 111 trillion won ($75.2 billion) in 2025, urging the government to ease burdens on expanding firms. The report highlights a 'growth penalty' of added taxes and regulations that hampers Asia's fourth-largest economy. It notes that companies are deliberately limiting growth to avoid thresholds.
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China's National Bureau of Statistics announced on Monday that the country's gross domestic product grew 5 percent in 2025 to reach 14.02 trillion yuan, meeting the government's target of around 5 percent. Despite a slowdown to a three-year low of 4.5 percent in the fourth quarter, the economy remained steady amid the US trade war.
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