South Korea's gross national product is expected to grow 11 percent this year, instead of the 10 percent previously projected, the Bank of Korea reported Friday.

Kim Kon of the Central Bank attributed the revised projection to strong export earnings, high domestic demand for products and the continued expansion in capital investment field.If the projection is accurate, it would be the third consecutive year Korea has registered a double-digit growth rate. The rate was 12.3 percent in 1986 and 12 percent in 1987.