Korea - External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in Korea was 3.68 as of 2020. Its highest value over the past 60 years was 10.58 in 1998, while its lowest value was -12.49 in 1968.
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).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | -9.36 |
| 1961 | -9.92 |
| 1962 | -11.72 |
| 1963 | -10.71 |
| 1964 | -7.42 |
| 1965 | -7.20 |
| 1966 | -9.78 |
| 1967 | -10.57 |
| 1968 | -12.49 |
| 1969 | -11.84 |
| 1970 | -9.68 |
| 1971 | -10.34 |
| 1972 | -4.84 |
| 1973 | -3.73 |
| 1974 | -11.07 |
| 1975 | -8.68 |
| 1976 | -2.82 |
| 1977 | -1.83 |
| 1978 | -4.23 |
| 1979 | -7.23 |
| 1980 | -8.65 |
| 1981 | -7.25 |
| 1982 | -5.49 |
| 1983 | -2.14 |
| 1984 | 0.44 |
| 1985 | 1.09 |
| 1986 | 3.83 |
| 1987 | 6.63 |
| 1988 | 6.27 |
| 1989 | 1.80 |
| 1990 | -0.76 |
| 1991 | -2.27 |
| 1992 | -0.61 |
| 1993 | 0.43 |
| 1994 | -0.52 |
| 1995 | -1.02 |
| 1996 | -3.05 |
| 1997 | -0.83 |
| 1998 | 10.58 |
| 1999 | 5.42 |
| 2000 | 1.78 |
| 2001 | 1.35 |
| 2002 | 1.19 |
| 2003 | 1.62 |
| 2004 | 3.49 |
| 2005 | 2.24 |
| 2006 | 0.60 |
| 2007 | 0.91 |
| 2008 | -0.23 |
| 2009 | 4.24 |
| 2010 | 2.81 |
| 2011 | 1.11 |
| 2012 | 2.73 |
| 2013 | 4.63 |
| 2014 | 5.05 |
| 2015 | 6.85 |
| 2016 | 6.66 |
| 2017 | 4.75 |
| 2018 | 4.44 |
| 2019 | 2.79 |
| 2020 | 3.68 |
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
