In September 2022, the current account recorded a surplus of $1.61 billion in September improving markedly from a deficit of US $3.05 billion in the previous month. The balance of goods surplus decreased from US $9.55 billion in the same month of the previous year to US $490 million. A deficit in the service balance was the same in the same month of the previous year due to the narrowing of the transportation balance surplus. Transfer income balance realized a deficit of $380 million and expanded from $0.6 billion to $340 million. Foreign investment by Koreans increased by US $4.78 billion, and domestic investment increased by 4.7 billion dollars. source: The Bank of Korea
Current Account in South Korea averaged 1898.16 USD Million from 1900 until 2022, reaching an all time high of 12409.70 USD Million in June of 2016 and a record low of -3845.00 USD Million in August of 2008. This page provides the latest reported value for - South Korea Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Current Account - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Current Account in South Korea is expected to be 1600.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Current Account is projected to trend around 7900.00 USD Million in 2023, according to our econometric models.