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

14, Dec 2019, EST.

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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: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
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 2015 - In Detail

Current Account Balance (% GDP) for Korea in year 2015 is 7.689 %. 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.

This makes Korea No. 15 in world rankings according to Current Account Balance (% GDP) in year 2015. The world's average Current Account Balance (% GDP) value is -4.12 %; Korea is 11.81 more than the average.

In the previous year, 2014, Current Account Balance (% GDP) for Korea was 5.98 % Current Account Balance (% GDP) for Korea in 2015 was or will be 28.54% more than it was or will be in 2014.

In the following or forecasted year, 2016, Current Account Balance (% GDP) for Korea was or will be 8.25 %, which is 7.23% more than the 2015 figure.

* Source: IMF
Current Account Balance (% GDP) for Korea, in other Years
Year %
  2021 5.565
  2020 5.919
  2019 6.332
  2018 6.751
  2017 7.385
  2016 8.245
2015 7.689
  2014 5.982
  2013 6.215
  2012 4.157
  2011 1.551
  2010 2.636
  2009 3.725
  2008 0.318
  2007 1.051
  2006 0.353
  2005 1.409
  2004 3.889
  2003 1.745
  2002 0.771
  2001 0.506
  2000 1.86
  1999 4.453
  1998 10.706
  1997 -1.845
  1996 -3.985
  1995 -1.752
  1994 -0.98
  1993 0.524
  1992 -0.695
  1991 -2.335
  1990 -0.861
  1989 1.706
  1988 6.628
  1987 6.041
  1986 2.391
  1985 -2.073
  1984 -1.818
  1983 -4.028
  1982 -7.126
  1981 -8.867
  1980 -10.495