South Korea’s current account surplus widened sharply to USD 10.76 billion in May of 2021 from USD 2.24 billion in the same month a year earlier. The goods account surplus expanded to USD 6.37 billion from USD 2.61 billion a year ago while the services deficit narrowed to USD 0.56 billion from USD 0.65 billion a year ago. Additionally, the primary income surplus increased markedly to USD 5.49 billion from USD 0.55 billion, while the secondary income gap widened to USD 0.54 billion from USD 0.27 billion. source: The Bank of Korea

Current Account in South Korea averaged 1786.79 USD Million from 1900 until 2021, 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 July of 2021.

Current Account in South Korea is expected to be 5500.00 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 4500.00 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
10761.20 1909.90 12409.70 -3845.00 1900 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-06 11:00 PM Feb $8.03B $7.06B $6.9B
2021-05-06 11:00 PM Mar $7.82B $7.94B $7.6B
2021-06-07 11:00 PM Apr $1.91B $7.82B $7.3B
2021-07-06 11:00 PM May $10.76B $1.91B $2.7B
2021-08-05 11:00 PM Jun $10.76B $12B
2021-09-06 11:00 PM Jul
2021-10-06 11:00 PM Aug
2021-11-04 11:00 PM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
South Korea Current Account Surplus Widens Sharply
South Korea’s current account surplus widened sharply to USD 10.76 billion in May of 2021 from USD 2.24 billion in the same month a year earlier. The goods account surplus expanded to USD 6.37 billion from USD 2.61 billion a year ago while the services deficit narrowed to USD 0.56 billion from USD 0.65 billion a year ago. Additionally, the primary income surplus increased markedly to USD 5.49 billion from USD 0.55 billion, while the secondary income gap widened to USD 0.54 billion from USD 0.27 billion.
2021-07-06
South Korea Current Account Swings to Surplus in April
South Korea’s current account swung to a USD 1.91 billion surplus in May of 2021 from a USD 3.30 billion deficit in the same month a year earlier. The goods account surplus widened sharply to USD 4.56 billion from USD 0.70 billion a year ago while the services account posted a USD 0.01 billion surplus compared with a USD 1.50 billion deficit a year ago. Also, the primary income gap narrowed to USD 1.95 billion from USD 2.25 while the secondary income shortfall decreased to USD 0.71 billion from USD 0.81 billion.
2021-06-07
South Korea Current Account Surplus Widens
South Korea’s current account surplus widened to USD 7.82 billion in February of 2021 from USD 5.94 billion in the same month of the previous year. The goods account surplus increased to USD 7.92 billion from USD 6.96 billion a year ago while the services account gap narrowed to USD 0.90 billion from USD 1.65 billion. Also, the primary income surplus widened to USD 1.28 billion from USD 0.92 billion. On the other hand, the secondary income shortfall rose to USD 0.48 billion from USD 0.23 billion a year earlier.
2021-05-06
South Korea Current Account Surplus Widens
South Korea’s current account surplus widened to USD 8.03 billion in February of 2021 from USD 6.41 billion in the same month of the previous year. The services account shifted to a USD 0.13 billion surplus compared with a deficit of USD 1.44 billion a year earlier while the primary income surplus widened to USD 2.12 billion from USD 1.23 billion. Meanwhile, the goods account narrowed to USD 6.05 billion from USD 6.60 billion while the secondary income account shifted to a USD 0.26 billion deficit compared with a surplus of USD 0.04 billion a year ago.
2021-04-06

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).