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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea GDP Growth Rate QoQ climbed to 1.0% in Q3 2026
FMPQuarterlyReleased October 2026
South Korea GDP Growth Rate QoQ climbed to 1.0% in Q3 2026, released October 2026, up 0.4% from June's 0.6% reading. The print exceeded the 0.7% consensus by 0.3%. The print is running well above the 12-month average of 0.62%. The reading is in the 68th percentile of the trailing 24-month range.
Latest Release
1
Actual
0.7
Consensus
0.6
Previous
Median Absolute Error
±0.11 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 0.7
Actual: 1
Error: -0.3
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/KRW | ▼ Inverse | −0.59 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.57 | CRYPTO | Moves against | → View |
| XAU/USD | ▲ Direct | +0.54 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate QoQ (South Korea) was reported at 1% in October 2026. This beat the market consensus of 0.7% by 0.3%. The reading rose from the previous value of 0.6%. Trailing 12-month context per ETL data through October 2026. This is classified as a medium-impact indicator released on a quarterly basis.
WHY IT MATTERS
The trailing three releases averaged 1.13%, up from the prior three at 0.77%. In October readings over the past 3 years, GDP Growth Rate QoQ has averaged 0.77%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/KRW (Bearish USD). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.11%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Exports YoY (Nov 1) and S&P Global Manufacturing PMI (Nov 2).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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GDP Growth Rate QoQ - KR
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About GDP Growth Rate QoQ — South Korea
DEFINITION
The GDP Growth Rate QoQ (Quarter over Quarter) is a key economic indicator that measures the percentage change in a country's gross domestic product from one quarter to the next. It provides valuable insight into the overall health and growth of the economy, and is closely monitored by investors, policymakers, and businesses to make informed decisions. A positive GDP Growth Rate QoQ indicates a growing economy, while a negative rate suggests a decline. This indicator is an important tool for assessing the current state and predicting future trends of a country's economy.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 1 %, consensus 0.7 %. Prior reading (Apr 2026): 0.6 %. Before that (Jan 2026): 1.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/KRW (Bearish USD, r=-0.59) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - KR Events
| Sunday, November 1, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:00 | KR | Balance of Trade | 49.97 | 37.24 | 37.61 | Low | |
| 00:00 | KR | Imports YoY | 26 | 39.9 | 39.85 | Low | |
| 00:00 | KR | Exports YoY | 83.7 | 93.2 | 95.10 | Medium | |
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 00:30 | KR | S&P Global Manufacturing PMI | 53.9 | 54.2 | 54.50 | Medium | |