Advanced economies vs South Korea: Goods balance (credit less debit), Net (credits less debits) (US)
Advanced economies
-493.68 billion
in 2024
South Korea
100.13 billion
in 2024
Advanced economies rank
9th
South Korea rank
7th
Goods balance (credit less debit), Net (credits less debits) (US) over time
- Advanced economies
- South Korea
How they compare
South 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, South Korea has been ahead every year.
Advanced economies ranks 9th and South Korea ranks 7th of 9 groups.
South Korea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Advanced economies | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -465.91 billion | 29.85 billion | 495.76 billion | South Korea |
| 2010s | -295.89 billion | 83.12 billion | 379.00 billion | South Korea |
| 2020s | -475.81 billion | 61.95 billion | 537.76 billion | South 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 South Korea?
- South 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 South Korea?
- 593.80 billion, with South Korea ahead.
- How many years of comparable data are there for Advanced economies and South Korea?
- 20 years are reported by both, from 2005 to 2024.
- How do Advanced economies and South Korea rank globally for goods balance (credit less debit), net (credits less debits)?
- Advanced economies ranks 9th and South 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.