Australia vs Republic of Korea: Services balance (credit less debit), Net (credits less debits)
Australia
-25.11 billion
in 2024
Republic of Korea
-23.70 billion
in 2024
Australia rank
192nd
Republic of Korea rank
191st
Services balance (credit less debit), Net (credits less debits) over time
- Australia
- Republic of Korea
How they compare
Republic of Korea currently reports -23.70 billion against -25.11 billion in Australia, a difference of 1.41 billion.
The two have swapped places 5 times across 20 shared years of data; in 2005 it was Australia ahead.
Australia ranks 192nd and Republic of Korea ranks 191st of 197 countries.
Australia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Australia | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -1.79 billion | -10.14 billion | 8.35 billion | Australia |
| 2010s | -9.91 billion | -16.56 billion | 6.65 billion | Australia |
| 2020s | -15.33 billion | -15.55 billion | 217.98 million | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services balance (credit less debit), net (credits less debits), Australia or Republic of Korea?
- Republic of Korea, at -23.70 billion against -25.11 billion in Australia as of 2024.
- What is the difference in services balance (credit less debit), net (credits less debits) between Australia and Republic of Korea?
- 1.41 billion, with Republic of Korea ahead.
- How many years of comparable data are there for Australia and Republic of Korea?
- 20 years are reported by both, from 2005 to 2024.
- How do Australia and Republic of Korea rank globally for services balance (credit less debit), net (credits less debits)?
- Australia ranks 192nd and Republic of Korea ranks 191st of 197 countries.
- Where does this data come from?
- International Monetary Fund, published as Services 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.