South Korea ranked third among major economies in gross domestic product(GDP) growth in the third quarter. 
 
According to statistics by the Organization for Economic Cooperation and Development(OECD) on Monday, South Korea's third-quarter real
GDP growth rate stood at one-point-five percent from the previous quarter to rank third among 18 members of the Group of 20 economies whose data were
available.
 
China came first at one-point-seven percent and India second at one-point-six percent. 
 
This is the first time in two years South Korea has ranked third in a quarterly economic growth rate. In the third quarter of 2015, South Korea posted one-point-three percent in quarterly GDP growth rate, sharing third place with Turkey. 
 
South Korea's third-quarter economy also expanded by a margin of zero-point-nine percentage points over the previous quarter, the highest among G-20
nations. It's the first time in seven-and-a-half years South Korea has topped the G-20 nations in on-quarter growth margin.