South Korea’s current account surplus widened to $11.51 billion in December of 2020 from $4.33 billion in the same month of the previous year. The expansion was mainly driven by the goods account surplus, up to $10.5 billion from $5.6 billion in the same month of the previous year, as exports grew to $52.59 billion from $47.66 billion, while imports remained practically unchanged at $42.09 billion (vs. $42.06 billion). Meanwhile, the services account gap narrowed to $0.05 billion from $0.26 billion. The primary income surplus narrowed to $2.19 billion from $2.56 billion, whereas the secondary income deficit narrowed to $0.65 billion from $0.93 billion. For the whole year, South Korea recorded a $75.28 billion surplus, up from $59.68 billion in the previous twelve months. source: The Bank of Korea

Current Account in South Korea averaged 1749.18 USD Million from 1900 until 2020, reaching an all time high of 12409.70 USD Million in June of 2016 and a record low of -3845 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 March of 2021.

Current Account in South Korea is expected to be 7500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in South Korea to stand at 5000.00 in 12 months time. In the long-term, the South Korea Current Account is projected to trend around 4500.00 USD Million in 2022, according to our econometric models.

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South Korea Current Account

Actual Previous Highest Lowest Dates Unit Frequency
11510.00 9180.00 12409.70 -3845.00 1900 - 2020 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-04 11:00 PM Sep $10.21B $6.57B $8.29B $ 5.5B
2020-12-03 11:00 PM Oct $11.66B $10.13B $8.5B
2021-01-07 11:00 PM Nov $8.97B $11.66B $9.5B
2021-02-04 11:00 PM Dec $11.51B $9.18B $9.9B
2021-03-08 11:00 PM Jan $11.51B $9.1B
2021-04-06 11:00 PM Feb
2021-05-06 11:00 PM Mar
2021-06-07 11:00 PM Apr


News Stream
South Korea’s Current Account Surplus Widens
South Korea’s current account surplus widened to $11.51 billion in December of 2020 from $4.33 billion in the same month of the previous year. The expansion was mainly driven by the goods account surplus, up to $10.5 billion from $5.6 billion in the same month of the previous year, as exports grew to $52.59 billion from $47.66 billion, while imports remained practically unchanged at $42.09 billion (vs. $42.06 billion). Meanwhile, the services account gap narrowed to $0.05 billion from $0.26 billion. The primary income surplus narrowed to $2.19 billion from $2.56 billion, whereas the secondary income deficit narrowed to $0.65 billion from $0.93 billion. For the whole year, South Korea recorded a $75.28 billion surplus, up from $59.68 billion in the previous twelve months.
2021-02-04
South Korea Current Account Surplus Widens
South Korea’s current account surplus widened to $8.97 billion in November of 2020 from $5.97 billion in the same month of the previous year. The goods account surplus increased to $9.54 billion from $7.39 billion last year while the services account deficit narrowed sharply to $0.72 billion from $1.89 billion, mainly due to an improvement in the travel and transport accounts. Also, the secondary income shortfall narrowed to $0.28 billion from $0.49 billion a year ago. On the other hand, the primary income account surplus fell to $0.42 billion from $0.97 billion the year previously, in line with a decrease in the investment income. Considering the January to November period, the current account surplus widened to $63.94 billion from $55.64 billion in the same period of 2019.
2021-01-07
South Korea Current Account Surplus Widens
South Korea’s current account surplus widened to $11.66 billion in October of 2020 from $7.83 billion in the same month of the previous year. The goods account surplus widened to $10.15 billion compared to $8.03 billion in October 2019, while the services account deficit declined to $0.66 billion from $1.72 billion, owing to an improvement in the travel and transport accounts. Meanwhile, the primary income account surplus widened to $2.45 billion from $1.83 billion the year previously, in line with an increase in the investment income. Lastly, the secondary income account booked a $0.28 billion deficit (vs $0.31 billion). The YTD surplus widened to $54.97 billion from $49.67 billion.
2020-12-03
South Korea Current Account Surplus Widens
South Korea's current account surplus widened to USD 10.21 billion in September of 2020 from USD 7.76 billion in the same month of the previous year. The goods account surplus widened to USD 12.02 billion from USD 8.7 billion in the same month of the previous year. Meanwhile, the services shortfall narrowed to USD 0.20 billion from USD 0.23 billion, while the secondary income surplus narrowed to USD 0.65 billion gap compared to USD 1.58 billion a year ago. On the other hand, the primary income account remained practically balanced.The YTD current account surplus expanded to USD 43.4 billion from USD 41.8 billion.
2020-11-04

South Korea Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).