South Korea recorded a Current Account surplus of 3.70 percent of the country's Gross Domestic Product in 2019. source: The Bank of Korea

Current Account to GDP in South Korea averaged 1.25 percent from 1980 until 2019, reaching an all time high of 10.70 percent in 1998 and a record low of -10.50 percent in 1980. This page provides - South Korea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Current Account to GDP - values, historical data and charts - was last updated on November of 2020.

Current Account to GDP in South Korea is expected to reach 5.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Current Account to GDP is projected to trend around 4.90 percent in 2021, according to our econometric models.

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South Korea Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
3.70 4.70 10.70 -10.50 1980 - 2019 percent Yearly

South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 5981.00 8695.96 13419.36 -4043.46 USD Million [+]
Current Account 10210.00 6570.00 12409.70 -3845.00 USD Million [+]
Current Account to GDP 3.70 4.70 10.70 -10.50 percent [+]
Imports 38997.00 39344.78 48480.62 38.61 USD Million [+]
Exports 44978.00 48040.75 55115.24 14.75 USD Million [+]
External Debt 510961.10 503055.00 510961.10 80766.40 USD Million [+]
Terms of Trade 95.60 96.70 228.10 82.90 points [+]
Capital Flows 8903.00 4842.90 12350.90 -6323.30 USD Million [+]
Foreign Direct Investment 5188027.00 4385466.00 10820073.00 0.00 USD Thousand [+]
Tourism Revenues 472300.00 505600.00 2227900.00 326500.00 USD Million [+]
Tourist Arrivals 65040.00 68797.00 1703495.00 29415.00 [+]
Gold Reserves 104.40 104.40 104.45 13.00 Tonnes [+]
Terrorism Index 0.30 0.29 2.62 0.00 [+]
Weapons Sales 688.00 1066.00 1066.00 7.00 USD Million [+]


South Korea Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.