Financial institutions estimate that South Korea's economic growth rate could fall up to zero-point-five percentage points if China's trade retaliation continues over the scheduled deployment of U.S. THAAD missile interceptors.
 
According to Credit Suisse, the contraction will be realized if China's ban on tours to South Korea extends for a year. It said eight-point-one million Chinese tourists visit South Korea annually, including three-point-five million people who come on package tours. Considering that Chinese tourists spend two-thousand-80 dollars per person on average in South Korea, the loss from package tours alone would amount to seven-point-three billion dollars, which is around zero-point-53 percent of South Korea's gross domestic product.
 
South Korean research organizations also say the nation's GDP will contract if retaliatory measures by Beijing continues. NH Investment and Securities forecast a fall in GDP of up to zero-point-25 percent. Hyundai Research Institute projected a zero-point-five percentage point fall in economic growth while Eugene Investment expects growth to fall by more than zero-point-five percentage points if China's retaliation expands to all sectors of commerce.