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Korea (South Korea) Current Account Balance (% GDP) Statistics

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Country or Region: Korea (South Korea) › Change country
Economic Indicator: Current Account Balance (% GDP) › See all Korea indicators, › See Current Account Balance (% GDP) data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
Data Source: International Monetary Fund (IMF)
National or Regional Currency: South Korean Won
Currency Symbol: KRW

Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars).

Current Account Balance (% GDP) Statistics for Korea (South Korea), Year 2010 - In Detail

Current Account Balance (% GDP) for Korea in year 2010 is 2.802 %

This makes Korea No. 42 in world rankings according to Current Account Balance (% GDP) in year 2010. The world's average Current Account Balance (% GDP) value is -2.68 %; Korea is 5.48 more than the average.

In the previous year, 2009, Current Account Balance (% GDP) for Korea was 3.94 % Current Account Balance (% GDP) for Korea in 2010 was or will be 28.87% less than it was or will be in 2009.

In the following or forecasted year, 2011, Current Account Balance (% GDP) for Korea was or will be 1.06 %, which is 62.31% less than the 2010 figure.

* Source: IMF
Current Account Balance (% GDP) for Korea, in other Years
Year %
  2016 0.64
  2015 0.7
  2014 0.79
  2013 0.903
  2012 0.967
  2011 1.056
2010 2.802
  2009 3.939
  2008 0.343
  2007 2.075
  2006 1.48
  2005 2.202
  2004 4.476
  2003 2.421
  2002 1.31
  2001 1.67
  2000 2.775
  1999 5.301
  1998 11.928
  1997 -1.537
  1996 -4.006
  1995 -1.508
  1994 -0.805
  1993 0.799
  1992 -0.662
  1991 -2.38
  1990 -0.514
  1989 2.23
  1988 7.723
  1987 7.518
  1986 3.949
  1985 -1.535
  1984 -0.406
  1983 -1.661
  1982 -2.752
  1981 -5.425
  1980 -8.251