Korea - External balance on goods and services (current LCU)
The value for External balance on goods and services (current LCU) in Korea was 71,066,500,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 115,962,000,000,000 in 2016 and a minimum value of -14,971,100,000,000 in 1996.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | -23,380,000,000 |
| 1961 | -29,930,000,000 |
| 1962 | -42,890,000,000 |
| 1963 | -55,530,000,000 |
| 1964 | -54,860,000,000 |
| 1965 | -59,870,000,000 |
| 1966 | -104,210,000,000 |
| 1967 | -138,800,000,000 |
| 1968 | -211,490,000,000 |
| 1969 | -261,980,000,000 |
| 1970 | -270,800,000,000 |
| 1971 | -355,400,000,000 |
| 1972 | -206,700,000,000 |
| 1973 | -206,100,000,000 |
| 1974 | -875,100,000,000 |
| 1975 | -914,800,000,000 |
| 1976 | -407,800,000,000 |
| 1977 | -340,100,000,000 |
| 1978 | -1,063,000,000,000 |
| 1979 | -2,344,300,000,000 |
| 1980 | -3,437,200,000,000 |
| 1981 | -3,601,800,000,000 |
| 1982 | -3,146,900,000,000 |
| 1983 | -1,457,500,000,000 |
| 1984 | 345,900,000,000 |
| 1985 | 957,300,000,000 |
| 1986 | 3,942,700,000,000 |
| 1987 | 8,069,000,000,000 |
| 1988 | 9,161,000,000,000 |
| 1989 | 2,990,200,000,000 |
| 1990 | -1,527,500,000,000 |
| 1991 | -5,509,000,000,000 |
| 1992 | -1,705,900,000,000 |
| 1993 | 1,343,500,000,000 |
| 1994 | -1,953,000,000,000 |
| 1995 | -4,437,700,000,000 |
| 1996 | -14,971,100,000,000 |
| 1997 | -4,509,500,000,000 |
| 1998 | 56,815,300,000,000 |
| 1999 | 32,050,200,000,000 |
| 2000 | 11,619,800,000,000 |
| 2001 | 9,556,700,000,000 |
| 2002 | 9,357,801,000,000 |
| 2003 | 13,574,300,000,000 |
| 2004 | 31,731,400,000,000 |
| 2005 | 21,459,800,000,000 |
| 2006 | 6,043,300,000,000 |
| 2007 | 9,914,100,000,000 |
| 2008 | -2,684,500,000,000 |
| 2009 | 51,071,600,000,000 |
| 2010 | 37,137,300,000,000 |
| 2011 | 15,405,400,000,000 |
| 2012 | 39,311,800,000,000 |
| 2013 | 69,518,500,000,000 |
| 2014 | 78,902,900,000,000 |
| 2015 | 113,519,000,000,000 |
| 2016 | 115,962,000,000,000 |
| 2017 | 87,149,700,000,000 |
| 2018 | 84,236,400,000,000 |
| 2019 | 53,781,700,000,000 |
| 2020 | 71,066,500,000,000 |
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
