South Korea’s current account surplus narrowed to USD 6.95 billion in October of 2021 from USD 11.55 billion in the corresponding month of the previous year, it was the 18th consecutive month with a surplus. The goods surplus decreased to USD 6.95 billion from USD 11.55 billion a year earlier as the exports rose by USD 9.37 billion, while imports jumped USD13.9 billion. Meanwhile, the primary income surplus went to USD 0.67 billion from USD 2.5 billion. At the same time, the services deficit swung to a surplus of USD 0.63 billion and the secondary income recorded a surplus of USD 0.01 billion, after a USD 0.28 billion deficit a year earlier. source: The Bank of Korea
Current Account in South Korea averaged 1866.29 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 December of 2021.
Current Account in South Korea is expected to be 9500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Current Account is projected to trend around 8600.00 USD Million in 2022 and 7900.00 USD Million in 2023, according to our econometric models.