South Korea's current account surplus narrowed to USD 6.95 billion in July 2019 from USD 8.55 billion in the same month the previous year, as the goods surplus decreased to USD 6.19 billion from USD 10.79 billion. Meantime, the services deficit fell to USD 1.67 billion from USD 3.09 billion a year ago, while the primary income surplus widened to USD 3.00 billion from USD 1.54 billion. Additionally, the secondary income gap narrowed to USD 0.57 billion from USD 0.68 billion. Considering the first seven months of the year, the country's current account surplus narrowed to USD 28.72 billion from USD 37.45 billion in the same period of 2018. Current Account in South Korea averaged 1584.83 USD Million from 1900 until 2019, 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.

Current Account in South Korea is expected to be 7900.00 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 6900.00 in 12 months time. In the long-term, the South Korea Current Account is projected to trend around 4100.00 USD Million in 2020, according to our econometric models.

South Korea Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-04 11:00 PM Current Account Apr $-0.66B $4.82B $1.1B
2019-07-03 11:00 PM Current Account May $4.95B $-0.66B $7.4B
2019-08-05 11:00 PM Current Account Jun $6.38B $4.81B $6.27B $7.5B
2019-09-04 11:00 PM Current Account Jul $6.95B $6.38B $6.9B
2019-10-07 11:00 PM Current Account Aug $6.95B $7.9B
2019-11-05 11:00 PM Current Account Sep $7.9B
2019-12-04 11:00 PM Current Account Oct $7.2B


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 1723.00 2403.33 13419.36 -4043.46 USD Million [+]
Current Account 6949.40 6376.60 12409.70 -3845.00 USD Million [+]
Current Account to GDP 4.70 4.90 10.70 -10.50 percent [+]
Imports 42477.00 43690.71 48480.62 38.61 USD Million [+]
Exports 44200.00 46094.04 55115.24 14.75 USD Million [+]
External Debt 462061.90 440584.60 462061.90 80766.40 USD Million [+]
Terms of Trade 91.50 92.20 228.10 82.90 Index Points [+]
Foreign Direct Investment 6704915.00 3172507.00 10820073.00 0.00 USD Thousand [+]
Capital Flows 6550.00 6516.20 12350.90 -3406.90 USD Million [+]
Tourism Revenues 1522800.00 1500300.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1448067.00 1476218.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Weapons Sales 1083.00 751.00 1083.00 7.00 USD Million [+]
Terrorism Index 0.29 0.61 2.62 0.00 [+]

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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). 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6949.40 6376.60 12409.70 -3845.00 1900 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -3849.43 Mar/19
Australia 5853.00 Jun/19
Brazil -9034.90 Jul/19
Canada -6380.00 Jun/19
China 570.00 Jun/19
Euro Area 29.84 Jul/19
France 173.00 Jul/19
Germany 22100.00 Jul/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 1999.92 Jul/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 6949.40 Jul/19
Spain 2050.00 Jun/19
Switzerland 21272.85 Jun/19
Turkey 1158.00 Jul/19
United Kingdom -30045.00 Mar/19
United States -128188.00 Jun/19


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