South Korea Current Account to GDP
South Korea recorded a Current Account surplus of 5.80 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in South Korea averaged 1.35 Percent from 1980 until 2013, 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.
||1980 - 2013
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.