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

South Korea recorded a current account surplus of $7.8 billion in December of 2016 compared to $8.1 billion a year ago. Goods account narrowed to $9.4 billion surplus (from $11.2 billion in December 2015) while services account deficit decreased to $0.8 billion (from $1.3 billion gap). Considering the full 2016, current account surplus declined to $98.68 billion compared to $105.9 billion surplus in 2015. Trade surplus narrowed to $120.4 (from $122.3 billion in 2015), as exports dropped 5.7 percent and imports fell 7 percent. The services deficit increased to a record high of $17.6 billion ($14.9 billion gap in 2015), due to first time ever gap in the transport sector (hit by the collapse of Hanjin Shipping) and decline in the construction sector. Current Account in South Korea averaged 1345.05 USD Million from 1980 until 2016, reaching an all time high of 12086.30 USD Million in June of 2016 and a record low of -3756.80 USD Million in August of 2008.

South Korea Current Account
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-30 11:00 PM Oct $8.72B $8.07B $ 9.1B
2017-01-03 11:00 PM Nov $8.99B $8.72B
2017-02-02 11:00 PM Dec $7.87B $8.89B $ 8.9B
2017-03-02 11:00 PM Jan $7.87B $ 8.2B
2017-04-04 11:00 PM Feb $ 8.2B
2017-05-03 11:00 PM Mar $ 8.2B




South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 3200.00 6790.00 11371.62 -4043.45 USD Million [+]
Exports 40330.00 45070.00 51600.00 14.75 USD Million [+]
Imports 37130.00 38070.00 45899.19 38.61 USD Million [+]
Current Account 7869.20 8892.20 12086.30 -3756.80 USD Million [+]
Current Account to GDP 7.70 6.00 10.70 -10.50 percent [+]
External Debt 400400.00 391777.80 452750.80 80766.40 USD Million [+]
Terms of Trade 103.60 105.30 237.00 86.10 Index Points [+]
Foreign Direct Investment 6249699.00 449500.00 7638784.00 114.00 USD Thousand [+]
Capital Flows 9281.30 8863.90 12277.90 -3385.80 USD Million [+]
Tourism Revenues 1336.80 1389.50 1765.40 326.50 USD Million [+]
Tourist Arrivals 1343398.00 1309055.00 1703495.00 213006.00 [+]
Gold Reserves 104.40 104.40 104.44 13.00 Tonnes [+]
Terrorism Index 0.23 0.00 2.62 0.00 [+]
Weapons Sales 105.00 163.00 331.00 7.00 USD Million [+]



South Korea Current Account Notes

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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7869.20 8892.20 12086.30 -3756.80 1980 - 2016 USD Million Monthly
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