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 February of 2021.

Current Account to GDP in South Korea is expected to reach 3.00 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 3.50 percent in 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
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 3960.00 6944.00 13419.36 -4043.46 USD Million [+]
Current Account 11510.00 9180.00 12409.70 -3845.00 USD Million [+]
Current Account to GDP 3.70 4.70 10.70 -10.50 percent [+]
Imports 44052.00 44462.00 48480.62 38.61 USD Million [+]
Exports 48000.00 51405.00 55115.24 14.75 USD Million [+]
External Debt 542448.40 510961.10 542448.40 80766.40 USD Million [+]
Terms of Trade 94.40 96.10 228.10 82.90 points [+]
Capital Flows 8464.20 8865.10 15929.30 -6323.30 USD Million [+]
Foreign Direct Investment 7791129.00 5188027.00 10820073.00 0.00 USD Thousand [+]
Tourism Revenues 786700.00 512900.00 2227900.00 326500.00 USD Million [+]
Tourist Arrivals 62344.00 61764.00 1703495.00 29415.00 [+]
Gold Reserves 104.45 104.51 104.51 13.00 Tonnes [+]
Terrorism Index 0.66 0.30 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.