South Korea's current account surplus widened sharply to USD 9.19 billion in October 2018 from USD 5.72 billion in the same month the previous year. The goods account surplus widened to USD 11.00 billion from USD 8.60 billion a year ago, whereas the primary income surplus narrowed to USD 0.96 billion from USD 1.17 billion. Meantime, the services account deficit narrowed to USD 2.22 billion from USD 3.53 billion, whereas the secondary income gap widened to USD 0.54 billion from USD 0.52 billion. Considering January to October, the current account surplus narrowed modestly to USD 66.87 billion from USD 66.94 billion in the corresponding period 2017. Current Account in South Korea averaged 1572.11 USD Million from 1900 until 2018, reaching an all time high of 12287.50 USD Million in September of 2017 and a record low of -3756.80 USD Million in August of 2008.

Current Account in South Korea is expected to be 10680.00 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 7900.00 in 12 months time. In the long-term, the South Korea Current Account is projected to trend around 9010.00 USD Million in 2020, according to our econometric models.

South Korea Current Account
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-09-05 11:00 PM Current Account $8.76B $7.38B $ 6.9B
2018-10-10 11:00 PM Current Account $8.44B $8.76B $ 7.9B
2018-11-06 01:00 AM Current Account $10.83B $8.44B $ 9.6B
2018-12-05 11:00 PM Current Account $9.19B $10.83B $ 8.5B
2019-01-06 11:00 PM Current Account $9.19B
2019-02-04 11:00 PM Current Account $ 10.7B
2019-03-05 11:00 PM Current Account


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 5139.00 6466.15 13419.36 -4043.46 USD Million [+]
Current Account 9190.00 8439.80 12287.50 -3756.80 USD Million [+]
Current Account to GDP 5.60 7.00 10.70 -10.50 percent [+]
Imports 46784.00 48477.78 48477.78 38.61 USD Million [+]
Exports 51923.00 54943.93 55115.24 14.75 USD Million [+]
External Debt 449529.10 440543.60 452718.00 80766.40 USD Million [+]
Terms of Trade 97.10 98.00 237.00 86.10 Index Points [+]
Foreign Direct Investment 3448981.00 10819799.00 10819799.00 0.00 USD Thousand [+]
Capital Flows 10670.50 9802.30 12440.20 -3385.80 USD Million [+]
Tourism Revenues 1356500.00 1381400.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1527832.00 1278604.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Terrorism Index 0.61 0.23 2.62 0.00 [+]
Weapons Sales 587.00 585.00 587.00 7.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9190.00 8439.80 12287.50 -3756.80 1900 - 2018 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -8292.00 Jun/18
Australia -10688.00 Sep/18
Brazil 329.00 Oct/18
Canada -10343.00 Sep/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -684.00 Oct/18
Germany 15900.00 Oct/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1309.90 Oct/18
Mexico -5081.50 Sep/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 9190.00 Oct/18
Spain 899.00 Sep/18
Switzerland 22143.83 Jun/18
Turkey 2770.00 Oct/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


Related

Latest