SEOUL, June 2 (Xinhua) -- South Korea's revised gross domestic product (GDP) rebounded in the first quarter owing to higher consumption after the lifting of COVID-19 measures, central bank data showed Friday.

People walk past the cherry blossoms in full bloom along a street in Seoul on April 3, 2023. (Photo: AFP)

The revised real GDP, adjusted for inflation, grew 0.3 percent in the January-March quarter compared to the previous quarter, according to the Bank of Korea.

It was unchanged from the preliminary reading unveiled in late April.

The seasonally-adjusted real GDP turned around after contracting 0.3 percent in the fourth quarter of last year.

Private consumption expanded 0.6 percent in the first quarter from three months earlier, after declining 0.5 percent in the previous quarter.

Export, which accounts for about half of the export-driven economy, advanced 4.5 percent in the first quarter after skidding 3.8 percent in the prior quarter.

Construction investment added 1.3 percent, but facility investment diminished 5.0 percent in the first quarter.

The seasonally-adjusted real gross national income, which measures the combined amount of income earned at home and abroad by people and businesses, increased 1.9 percent in the first quarter compared to the previous quarter.

The GDP deflator, or the ratio of nominal GDP to real GDP to gauge the change of prices for all goods and services produced in the country, added 1.4 percent from a year earlier.