South Korea Current Account to GDP  1980-2017 | Data | Chart | Calendar

South Korea recorded a Current Account surplus of 7 percent of the country's Gross Domestic Product in 2016. Current Account to GDP in South Korea averaged 0.99 percent from 1980 until 2016, reaching an all time high of 10.70 percent in 1998 and a record low of -10.50 percent in 1980.

South Korea Current Account to GDP
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South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 13254.00 6270.60 13254.00 -4043.45 USD Million [+]
Exports 51008.00 48849.93 51630.66 14.75 USD Million [+]
Imports 37753.00 42579.33 45873.33 38.61 USD Million [+]
Current Account 5930.00 8400.00 12086.30 -3756.80 USD Million [+]
Current Account to GDP 7.00 7.70 10.70 -10.50 percent [+]
External Debt 405686.50 380948.90 452718.00 80766.40 USD Million [+]
Terms of Trade 104.20 103.40 237.00 86.10 Index Points [+]
Foreign Direct Investment 3851000.00 6249699.00 7638784.00 0.00 USD Thousand [+]
Capital Flows 5999.30 9203.60 12277.90 -3385.80 USD Million [+]
Tourism Revenues 1117400.00 1283300.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1233640.00 1252080.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Weapons Sales 105.00 163.00 331.00 7.00 USD Million [+]
Terrorism Index 0.23 0.00 2.62 0.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



South Korea Current Account to GDP Notes

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - South Korea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.70 10.70 -10.50 1980 - 2016 percent Yearly



current account to gdp by Country

Last
Switzerland 11.00 Dec/15
Netherlands 9.10 Dec/15
Germany 8.80 Dec/15
South Korea 7.00 Dec/16
Euro Area 3.70 Dec/15
Japan 3.70 Dec/16
Italy 2.20 Dec/15
China 1.80 Dec/16
Russia 1.80 Dec/16
Spain 1.50 Dec/15
India -0.90 Dec/16
Brazil -1.30 Dec/16
France -1.40 Dec/15
Indonesia -1.80 Dec/16
United States -2.60 Dec/16
Australia -2.70 Dec/16
Mexico -2.70 Dec/16
Canada -3.30 Dec/15
Turkey -3.80 Dec/16
United Kingdom -4.40 Dec/16