South Korea’s current account posted a deficit of $0.08 billion in April 2022 for its first shortfall in two years, following a revised $7.06 billion surplus in March, amid a reduced trade surplus and annual dividend payment to stock investors. The goods account surplus decreased to $2.95 billion, compared to the $4.95 billion figure seen in April 2021. The services account recorded a $0.57 billion surplus, up from the $0.13 billion deficit seen one year earlier, owing to a large surplus in the transport account. The primary income account deficit decreased from $3.91 billion the year previously to $3.25 billion in April 2022. The secondary income account recorded a $0.35 billion deficit. source: The Bank of Korea
Current Account in South Korea averaged 1899.48 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 June 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.