Current account balance — all countries

Current account balance — South Korea

Current account balance in South Korea in 2031 — 5.5%. Ranked 23 in the world out of 188. Since 1980, the indicator has risen by 15.9 pp.

2031 5.5% +0 pp vs 2030
World rank 23of 188
Period maximum 10.1%1998
Period minimum -10.4%1980

Trend over time

1980–2031 · % of GDP

Current account balance — South Korea, 1980–2031-20-100102019801986199219982004201020162022202820311980: -10.4%1981: -8.7%1982: -7%1983: -4%1984: -1.9%1985: -2.1%1986: 2.2%1987: 5.7%1988: 6.2%1989: 1.5%1990: -1%1991: -2.4%1992: -0.8%1993: 0.4%1994: -1%1995: -1.7%1996: -3.9%1997: -1.8%1998: 10.1%1999: 4.2%2000: 1.7%2001: 0.4%2002: 0.6%2003: 1.6%2004: 3.6%2005: 1.3%2006: 0.2%2007: 0.9%2008: 0.2%2009: 3.4%2010: 2.3%2011: 1.3%2012: 3.7%2013: 5.4%2014: 5.3%2015: 6.8%2016: 6.2%2017: 4.4%2018: 4.2%2019: 3.4%2020: 4.4%2021: 4.3%2022: 1.3%2023: 1.8%2024: 5.3%2025: 6.6%2026: 5.6%2027: 5.4%2028: 5.3%2029: 5.4%2030: 5.5%2031: 5.5%
Change over the period: +15.9 pp Annual average: 0.31 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: South Korea

South Korea 5.5%
World computed 0.28%
East Asia & Pacific computed 3.13%
Eastern Asia computed 3.76%
High-income countries computed 0.13%
Current account balance — South Korea, by year South Korea All countries CSV XLSX
Year % Change, pp
2031 5.5 +0 pp
2030 5.5 +0.1 pp
2029 5.4 +0.1 pp
2028 5.3 −0.1 pp
2027 5.4 −0.2 pp
2026 5.6 −1 pp
2025 6.6 +1.3 pp
2024 5.3 +3.5 pp
2023 1.8 +0.5 pp
2022 1.3 −3 pp
2021 4.3 −0.1 pp
2020 4.4 +1 pp
2019 3.4 −0.8 pp
2018 4.2 −0.2 pp
2017 4.4 −1.8 pp
2016 6.2 −0.6 pp
2015 6.8 +1.5 pp
2014 5.3 −0.1 pp
2013 5.4 +1.7 pp
2012 3.7 +2.4 pp
2011 1.3 −1 pp
2010 2.3 −1.1 pp
2009 3.4 +3.2 pp
2008 0.2 −0.7 pp
2007 0.9 +0.7 pp
2006 0.2 −1.1 pp
2005 1.3 −2.3 pp
2004 3.6 +2 pp
2003 1.6 +1 pp
2002 0.6 +0.2 pp
2001 0.4 −1.3 pp
2000 1.7 −2.5 pp
1999 4.2 −5.9 pp
1998 10.1 +11.9 pp
1997 -1.8 +2.1 pp
1996 -3.9 −2.2 pp
1995 -1.7 −0.7 pp
1994 -1 −1.4 pp
1993 0.4 +1.2 pp
1992 -0.8 +1.6 pp
1991 -2.4 −1.4 pp
1990 -1 −2.5 pp
1989 1.5 −4.7 pp
1988 6.2 +0.5 pp
1987 5.7 +3.5 pp
1986 2.2 +4.3 pp
1985 -2.1 −0.2 pp
1984 -1.9 +2.1 pp
1983 -4 +3 pp
1982 -7 +1.7 pp
1981 -8.7 +1.7 pp
1980 -10.4

Eastern Asia, 2031

The same indicator for neighboring countries — with links to their pages

About the indicator

The current account balance of the balance of payments as a percent of GDP: trade in goods and services, primary income (interest, dividends, compensation of employees) and secondary income (transfers). A surplus means a country earns more abroad than it spends and is building up external assets; a persistent deficit has to be financed by an inflow of capital.

Source: World Economic Outlook (IMF), license IMF open data.