South Korea's current account surplus widened to USD 6.88 billion in June of 2020 from USD 5.67 billion in the same month of the previous year. It was the biggest current account surplus since October of 2019 as the services shortfall narrowed to USD 1.26 billion from USD 2.14 billion while the secondary income account posted a USD 0.53 billion surplus compared to a USD 0.53 billion deficit a year ago. On the other hand, the goods surplus decreased to USD 5.87 billion from USD 6.27 billion while the primary income surplus fell to USD 1.74 billion from USD 2.07 billion in the corresponding period of 2019.
Current Account in South Korea averaged 1654.73 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 August of 2020. source: The Bank of Korea
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 4100.00 USD Million in 2021, according to our econometric models.