South Korea’s per-capita gross national income (GNI) exceeded US$28,000 last year, partly thanks to the Korean won's depreciation against the U.S. dollar, the central bank announced Wednesday.
The GNI reached $28,180 per head in 2014, up 7.6 percent, or $2,001 from $26,179 tallied in the previous year, the Bank of Korea (BOK) said.
The won depreciated by an average of 3.8 percent against the U.S. dollar in 2014.
The per-capita GNI fell below the $20,000 level during the global financial crisis in 2008-2009, but it surpassed the $20,000 mark again in 2010. The GNI amounted to $24,696 per head in 2012.
The country's personal gross disposable income (PGDI) increased by 7.4 percent to $15,786 on-year in 2014, according to the announcement.
reporter
Park Sae-jin
swatchsjp@ajunews.com
