South Korea's current account surplus widened to USD 4.82 billion in December 2018 from USD 4.49 billion in the same month the previous year. It is the lowest current account surplus since April. The goods account surplus shrank to USD 6.53 billion from USD 7.92 billion a year ago, as exports declined to USD 49.75 billion (from USD 50.27 billion) and imports climbed to USD 43.04 billion (from USD 42.35 billion). Also, the primary income account surplus narrowed to USD 1.04 billion from USD 1.12 billion. In contrast, the services account deficit narrowed to USD 1.95 billion from USD 3.71 billion and the secondary income account gap shrank to USD 0.80 billion from USD 0.85 billion. For the twelve months through December 2018 , the current account surplus widened to USD 76.41 billion from USD 75.23 billion for the year 2017. Current Account in South Korea averaged 1547.24 USD Million from 1900 until 2018, 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 9800.00 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 8050.00 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
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Calendar GMT Actual Previous Consensus TEForecast
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
2019-01-07 11:00 PM Current Account $5.06B $9.19B $8.5B
2019-02-14 11:00 PM Current Account $4.82B $5.06B $ 10.7B
2019-03-07 11:00 PM Current Account $4.82B
2019-04-03 11:00 PM Current Account
2019-05-07 11:00 PM Current Account $ 9.8B


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 1336.00 4342.47 13419.36 -4043.46 USD Million [+]
Current Account 4819.30 5223.60 12409.70 -3845.00 USD Million [+]
Current Account to GDP 5.60 7.00 10.70 -10.50 percent [+]
Imports 45016.00 44036.84 48477.71 38.61 USD Million [+]
Exports 46352.00 48379.31 55115.24 14.75 USD Million [+]
External Debt 449529.10 440543.60 452718.00 80766.40 USD Million [+]
Terms of Trade 98.90 97.90 237.00 86.10 Index Points [+]
Foreign Direct Investment 7698000.00 3448981.00 10819799.00 0.00 USD Thousand [+]
Capital Flows 5585.20 3861.80 12350.90 -3406.90 USD Million [+]
Tourism Revenues 1238700.00 1261800.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1324119.00 1350390.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Terrorism Index 0.29 0.61 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4819.30 5223.60 12409.70 -3845.00 1900 - 2018 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -815.00 Dec/18
Canada -10343.00 Sep/18
China 546.00 Dec/18
Euro Area 23.25 Nov/18
France -1117.00 Dec/18
Germany 21000.00 Dec/18
India -19100.00 Sep/18
Indonesia -9148.00 Dec/18
Italy 4805.70 Nov/18
Japan 452.80 Dec/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 17796.10 Dec/18
South Africa -176577.00 Sep/18
South Korea 4819.30 Dec/18
Spain 1770.00 Nov/18
Switzerland 14596.00 Sep/18
Turkey -1437.00 Dec/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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