Korea - Current account balance

Current account balance (BoP, current US$)

The latest value for Current account balance (BoP, current US$) in Korea was $88,302,200,000 as of 2021. Over the past 45 years, the value for this indicator has fluctuated between $105,119,000,000 in 2015 and ($24,461,100,000) in 1996.

Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1976 ($310,000,000)
1977 $12,000,000
1978 ($1,085,000,000)
1979 ($4,151,000,000)
1980 ($6,845,000,000)
1981 ($6,421,900,000)
1982 ($5,542,100,000)
1983 ($3,505,600,000)
1984 ($1,755,800,000)
1985 ($2,079,300,000)
1986 $2,762,200,000
1987 $8,827,700,000
1988 $12,757,700,000
1989 $3,766,400,000
1990 ($2,804,200,000)
1991 ($8,033,500,000)
1992 ($2,901,200,000)
1993 $1,688,100,000
1994 ($4,793,500,000)
1995 ($10,229,700,000)
1996 ($24,461,100,000)
1997 ($10,811,500,000)
1998 $40,112,800,000
1999 $21,784,600,000
2000 $10,180,800,000
2001 $2,165,200,000
2002 $4,066,100,000
2003 $11,308,300,000
2004 $29,289,900,000
2005 $12,208,600,000
2006 $2,094,800,000
2007 $10,472,500,000
2008 $1,753,000,000
2009 $33,087,600,000
2010 $27,950,500,000
2011 $16,638,200,000
2012 $48,790,600,000
2013 $77,258,900,000
2014 $83,029,600,000
2015 $105,119,000,000
2016 $97,923,700,000
2017 $75,230,900,000
2018 $77,466,500,000
2019 $59,676,100,000
2020 $75,902,200,000
2021 $88,302,200,000

Current account balance (% of GDP)

Current account balance (% of GDP) in Korea was 4.63 as of 2020. Its highest value over the past 44 years was 10.46 in 1998, while its lowest value was -10.47 in 1980.

Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1976 -1.04
1977 0.03
1978 -2.09
1979 -6.20
1980 -10.47
1981 -8.81
1982 -7.07
1983 -3.99
1984 -1.80
1985 -2.05
1986 2.36
1987 5.97
1988 6.39
1989 1.53
1990 -0.99
1991 -2.43
1992 -0.82
1993 0.43
1994 -1.03
1995 -1.81
1996 -4.01
1997 -1.90
1998 10.46
1999 4.38
2000 1.77
2001 0.40
2002 0.65
2003 1.61
2004 3.69
2005 1.31
2006 0.20
2007 0.89
2008 0.17
2009 3.51
2010 2.44
2011 1.33
2012 3.82
2013 5.64
2014 5.59
2015 7.17
2016 6.53
2017 4.63
2018 4.49
2019 3.61
2020 4.63

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments