South Korea's current account surplus narrowed to USD 10.83 billion in September 2018 from USD 12.29 billion in the same month the previous year. The goods account surplus (USD 13.24 billion from USD 14.98 billion a year ago) and the primary income surplus (USD 6.7 billion from USD 12.5 billion) decreased. Meanwhile, the deficit of services account narrowed slightly to USD 2.52 billion (from USD 2.88 billion), due to improvements in the transport and the travel accounts. Also, the secondary income account showed a USD 0.56 billion gap, compared to a USD 1.06 billion deficit a year earlier. Considering January to September, the current account surplus narrowed to USD 57.68 billion from USD 61.22 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.

South Korea Current Account
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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 $10.83B $ 8.5B


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 6552.00 9565.35 13419.36 -4043.46 USD Million [+]
Exports 54972.00 50588.86 55115.24 14.75 USD Million [+]
Imports 48421.00 41023.51 48421.00 38.61 USD Million [+]
Current Account 10831.40 8439.80 12287.50 -3756.80 USD Million [+]
Current Account to GDP 5.60 7.00 10.70 -10.50 percent [+]
External Debt 440543.60 433886.70 452718.00 80766.40 USD Million [+]
Terms of Trade 98.00 97.50 237.00 86.10 Index Points [+]
Foreign Direct Investment 3448981.00 10819799.00 10819799.00 0.00 USD Thousand [+]
Capital Flows 9802.30 7271.70 12440.20 -3385.80 USD Million [+]
Tourism Revenues 1356500.00 1381400.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1278604.00 1391727.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
10831.40 8439.80 12287.50 -3756.80 1900 - 2018 USD Million Monthly
Current Prices, NSA




Country Last
Argentina -8292.00 Jun/18
Australia -13472.00 Jun/18
Brazil 31.80 Sep/18
Canada -15880.00 Jun/18
China 160.00 Sep/18
Euro Area 20.49 Aug/18
France -1918.00 Sep/18
Germany 21141.17 Sep/18
India -15807.13 Jun/18
Indonesia -8846.10 Sep/18
Italy 4994.00 Aug/18
Japan 1821.60 Sep/18
Mexico -3882.10 Jun/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 22832.40 Jun/18
South Africa -163760.00 Jun/18
South Korea 10831.40 Sep/18
Spain 1830.00 Aug/18
Switzerland 22143.83 Jun/18
Turkey 1830.00 Sep/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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