South Korea Current Account to GDP 1980-2015 | Data | Chart | Calendar

South Korea recorded a Current Account surplus of 6.30 percent of the country's Gross Domestic Product in 2014. Current Account to GDP in South Korea averaged 1.49 percent from 1980 until 2014, reaching an all time high of 11.90 percent in 1998 and a record low of -8.30 percent in 1980. Current Account to GDP in South Korea is reported by the The Bank of Korea.

South Korea Current Account to GDP
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Actual Previous Highest Lowest Dates Unit Frequency
6.30 5.80 11.90 -8.30 1980 - 2014 percent Yearly
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. Content for - South Korea Current Account to GDP - was last refreshed on Saturday, August 1, 2015.


South Korea Trade Last Previous Highest Lowest Unit
Balance of Trade 7760.00 9980.00 9980.00 -4043.45 USD Million [+]
Exports 46947.00 42392.00 51600.00 14.75 USD Million [+]
Imports 36704.00 36070.00 45899.19 38.61 USD Million [+]
Current Account 8650.00 8135.70 11320.00 -3756.80 USD Million [+]
Current Account to GDP 6.30 5.80 11.90 -8.30 percent [+]
External Debt 418910.40 425449.20 442174.10 83622.00 USD Million [+]
Terms of Trade 136.70 130.00 139.40 13.10 Index Points [+]
Foreign Direct Investment 5316000.00 3555000.00 7065714.00 114.00 USD Thousand [+]
Capital Flows -8812.40 -10070.40 3027.80 -11596.00 USD Million [+]
Tourist Arrivals 750925.00 1334212.00 1454078.00 213006.00 [+]
Gold Reserves 104.44 104.44 104.44 13.00 Tonnes [+]
Tourism Revenues 1516.00 1519.00 1765.00 327.00 USD Million [+]


Current Account to GDP Reference Previous Highest Lowest Unit
Australia -2.90 Dec/13 -4.10 1.40 -6.70 percent [+]
Brazil -4.17 Dec/14 -3.66 1.80 -8.20 percent [+]
Canada -3.20 Dec/13 -3.40 2.70 -4.20 percent [+]
China 2.10 Dec/14 2.00 10.10 -3.70 percent [+]
Euro Area 2.10 Dec/14 1.90 2.10 -1.60 percent [+]
France -1.00 Dec/14 -1.40 3.40 -2.10 percent [+]
Germany 7.60 Dec/14 6.50 7.60 -1.70 percent [+]
India -1.40 Dec/14 -1.70 1.50 -4.70 percent [+]
Indonesia -2.95 Dec/14 -3.20 4.80 -6.80 percent [+]
Italy 1.90 Dec/14 0.90 2.90 -3.70 percent [+]
Japan 0.50 Dec/14 0.70 4.80 -1.00 percent [+]
Mexico -2.10 Dec/14 -1.80 3.40 -6.10 percent [+]
Netherlands 10.30 Dec/14 11.00 11.00 -1.00 percent [+]
Russia 3.09 Dec/14 1.64 18.00 -1.40 percent [+]
South Korea 6.30 Dec/14 5.80 11.90 -8.30 percent [+]
Spain 0.80 Dec/14 1.40 1.50 -9.60 percent [+]
Switzerland 7.00 Dec/14 12.70 15.60 -0.60 percent [+]
Turkey -5.70 Dec/14 -7.90 2.00 -9.70 percent [+]
United Kingdom -5.50 Dec/14 -4.50 1.90 -5.50 percent [+]
United States -2.40 Dec/14 -2.40 0.20 -6.00 percent [+]