South Korea's current account surplus shrank to 3.5 percent of GDP in 2020 from 3.70 percent in 2019. source: The Bank of Korea

Current Account to GDP in South Korea averaged 1.30 percent from 1980 until 2020, 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 2021.

Current Account to GDP in South Korea is expected to reach 3.50 percent of GDP by the end of 2021, 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 4.00 percent of GDP in 2022, according to our econometric models.

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South Korea Current Account to GDP


Related Last Previous Unit Reference
Current Account 10067.70 7512.30 USD Million Sep/21
Current Account to GDP 3.50 3.70 percent of GDP Dec/20
External Debt 610752.90 604166.60 USD Million Sep/21
Terms of Trade 91.70 93.00 points Sep/21
Capital Flows 9766.80 5785.70 USD Million Sep/21
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.