South Korea's current account surplus widened to USD 2.77 billion in January 2019 from USD 2.64 billion in the same month the previous year. The goods account surplus shrank to USD 5.61 billion from USD 7.55 billion a year ago, as exports declined to USD 49.38 billion (from USD 52.22 billion) and imports fell to USD 43.77 billion (from USD 44.67 billion). In contrast, the primary income surplus widened to 1.40 billion from 1.16 billion, while the services account gap narrowed to USD 3.61 billion from USD 4.44 billion and the secondary income account shortfall shrank to USD 0.63 billion from USD 1.62 billion. 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
2018-12-05 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 $2.77B $4.82B $2.4B
2019-04-03 11:00 PM Current Account $2.77B
2019-05-07 11:00 PM Current Account $ 9.8B
2019-06-04 11:00 PM Current Account


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 3098.00 1293.92 13419.36 -4043.46 USD Million [+]
Current Account 2772.30 4819.30 12409.70 -3845.00 USD Million [+]
Current Account to GDP 5.60 7.00 10.70 -10.50 percent [+]
Imports 36466.00 45031.30 48480.62 38.61 USD Million [+]
Exports 39564.00 46325.22 55115.24 14.75 USD Million [+]
External Debt 440598.50 449529.10 452718.00 80766.40 USD Million [+]
Terms of Trade 97.60 98.90 237.00 86.10 Index Points [+]
Foreign Direct Investment 7698000.00 3448981.00 10819799.00 0.00 USD Thousand [+]
Capital Flows 2973.80 5585.20 12350.90 -3406.90 USD Million [+]
Tourism Revenues 1085300.00 1238700.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1201802.00 1104803.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2772.30 4819.30 12409.70 -3845.00 1900 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -7591.00 Sep/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 546.00 Dec/18
Euro Area 9.33 Jan/19
France 898.00 Jan/19
Germany 18328.50 Jan/19
India -19100.00 Sep/18
Indonesia -9148.00 Dec/18
Italy 3.00 Jan/19
Japan 600.40 Jan/19
Mexico -3424.00 Dec/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 2772.30 Jan/19
Spain 4670.00 Dec/18
Switzerland 15181.70 Dec/18
Turkey -813.00 Jan/19
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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