Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Jung's paternity reveal exposes where Korea stands on extramarital babies

    Jung's paternity reveal exposes where Korea stands on extramarital babies
  2. 2

    Samsung entangled in legal risks amid calls for drastic reform

    Samsung entangled in legal risks amid calls for drastic reform
  3. 3

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
  4. 4

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
  5. 5

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
  1. 6

    Seoul blanketed by heaviest Nov. snow, with more expected

    Seoul blanketed by heaviest Nov. snow, with more expected
  2. 7

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
  3. 8

    K-pop fandoms wield growing influence over industry decisions

    K-pop fandoms wield growing influence over industry decisions
  4. 9

    [Graphic News] International marriages on rise in Korea

    [Graphic News] International marriages on rise in Korea
  5. 10

    Korea's auto industry braces for Trump’s massive tariffs in Mexico

    Korea's auto industry braces for Trump’s massive tariffs in Mexico
피터빈트

[Graphic News] Ratio of oil consumption to GDP to hit 45-year low

By Korea Herald

Published : Jan. 20, 2015 - 21:25

    • Link copied


The ratio of domestic oil consumption to gross domestic product is expected to fall to its lowest rate this year since 1970, data showed Tuesday.

Analysts said the expected drop in the ratio would boost corporate earnings and domestic consumption.

The report, compiled by Yonhap using data from the IMF, Korea Energy Economics Institute, and KB Investments and Securities, said that, excluding reexports, the ratio of oil consumption to the nation’s GDP was expected to be around 1.71 percent.

The ratio of domestic oil imports to GDP is also estimated to drop to 3.33 percent this year, down from 6.11 percent last year.

More from Headlines