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

South Korea recorded a Current Account surplus of 7.70 percent of the country's Gross Domestic Product in 2015. Current Account to GDP in South Korea averaged 0.82 percent from 1980 until 2015, 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 6550.00 7060.00 11371.62 -4043.45 USD Million [+]
Exports 48894.00 43189.00 51600.00 14.75 USD Million [+]
Imports 42314.00 35966.00 45899.19 38.61 USD Million [+]
Current Account 8400.00 5277.80 12086.30 -3756.80 USD Million [+]
Current Account to GDP 7.70 6.00 10.70 -10.50 percent [+]
External Debt 380948.90 400155.80 452750.80 80766.40 USD Million [+]
Terms of Trade 103.40 102.80 237.00 86.10 Index Points [+]
Foreign Direct Investment 3851000.00 6249699.00 7638784.00 0.00 USD Thousand [+]
Capital Flows 9203.60 4387.90 12277.90 -3385.80 USD Million [+]
Tourism Revenues 1283300.00 1208500.00 1765400.00 326500.00 USD Million [+]
Tourist Arrivals 1252080.00 1220695.00 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 [+]

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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7.70 6.00 10.70 -10.50 1980 - 2015 percent Yearly



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