South Korea’s current account posted a surplus of $5.61 billion in June 2022, remaining positive for the second straight month, but still much lower than the surplus logged a year earlier as import bills remained high amid soaring energy and commodity prices. The goods account surplus decreased to $3.59 billion, compared to the $7.55 billion figure seen in June 2021. The services account recorded a $0.49 billion deficit, up from the $1.02 billion deficit seen one year earlier, owing to a large surplus in the transport account. The primary income account surplus increased from $2.56 billion the year previously to $2.77 billion in June 2022. The secondary income account recorded a $0.26 billion deficit. source: The Bank of Korea
Current Account in South Korea averaged 1910.57 USD Million from 1900 until 2022, 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 August of 2022.
Current Account in South Korea is expected to be 5500.00 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 7900.00 USD Million in 2023, according to our econometric models.