Advanced economies vs Republic of Korea: Goods balance (credit less debit), Net (credits less debits)
Advanced economies
-493.68 billion
in 2024
Republic of Korea
100.13 billion
in 2024
Advanced economies rank
9th
Republic of Korea rank
7th
Goods balance (credit less debit), Net (credits less debits) over time
- Advanced economies
- Republic of Korea
How they compare
Republic of Korea currently reports 100.13 billion against -493.68 billion in Advanced economies, a difference of 593.80 billion.
Across all 20 years both countries report, Republic of Korea has been ahead every year.
Advanced economies ranks 9th and Republic of Korea ranks 7th of 9 groups.
Republic of Korea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Advanced economies | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -465.91 billion | 29.85 billion | 495.76 billion | Republic of Korea |
| 2010s | -295.89 billion | 83.12 billion | 379.00 billion | Republic of Korea |
| 2020s | -475.81 billion | 61.95 billion | 537.76 billion | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods balance (credit less debit), net (credits less debits), Advanced economies or Republic of Korea?
- Republic of Korea, at 100.13 billion against -493.68 billion in Advanced economies as of 2024.
- What is the difference in goods balance (credit less debit), net (credits less debits) between Advanced economies and Republic of Korea?
- 593.80 billion, with Republic of Korea ahead.
- How many years of comparable data are there for Advanced economies and Republic of Korea?
- 20 years are reported by both, from 2005 to 2024.
- How do Advanced economies and Republic of Korea rank globally for goods balance (credit less debit), net (credits less debits)?
- Advanced economies ranks 9th and Republic of Korea ranks 7th of 9 groups.
- Where does this data come from?
- International Monetary Fund, published as Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.