Current account balance (credit less debit), Net (credits less debits) in Republic of Korea
Republic of Korea: Current account balance (credit less debit), Net (credits less debits) was 99.04 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Republic of Korea, 2005–2024
Source: International Monetary Fund.
Analysis
Republic of Korea recorded 99.04 billion for current account balance (credit less debit), net (credits less debits) in 2024.
The figure is up 201.8% on the previous year and up 19.3% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Republic of Korea peaked at 105.12 billion in 2015 and was at its lowest, 1.75 billion, in 2008.
Republic of Korea ranks 7th of 198 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 12.21 billion | — |
| 2006 | 2.09 billion | -82.8% |
| 2007 | 10.47 billion | +399.9% |
| 2008 | 1.75 billion | -83.3% |
| 2009 | 33.09 billion | +1787.5% |
| 2010 | 27.95 billion | -15.5% |
| 2011 | 16.64 billion | -40.5% |
| 2012 | 48.79 billion | +193.2% |
| 2013 | 77.26 billion | +58.3% |
| 2014 | 83.03 billion | +7.5% |
| 2015 | 105.12 billion | +26.6% |
| 2016 | 97.92 billion | -6.8% |
| 2017 | 75.23 billion | -23.2% |
| 2018 | 77.47 billion | +3.0% |
| 2019 | 59.68 billion | -23.0% |
| 2020 | 75.90 billion | +27.2% |
| 2021 | 85.23 billion | +12.3% |
| 2022 | 25.83 billion | -69.7% |
| 2023 | 32.82 billion | +27.1% |
| 2024 | 99.04 billion | +201.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.92 billion | 1.75 billion | 33.09 billion | 5 |
| 2010s | 66.91 billion | 16.64 billion | 105.12 billion | 10 |
| 2020s | 63.76 billion | 25.83 billion | 99.04 billion | 5 |
Countries ranked near Republic of Korea
- 4 Taiwan, China 112.73 billion compare
- 5 Netherlands 110.92 billion compare
- 6 Ireland 105.99 billion compare
- 8 Singapore 96.02 billion compare
- 9 Switzerland 72.01 billion compare
- 10 Norway 71.65 billion compare
More financial sector data for Republic of Korea
- Net domestic credit (current LCU), per capita 96.84 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 2,672 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 5.54 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 117.53 million SDR (2025)
- Gold reserves at market value 10.71 billion SDR (2025)
- Reserves excluding gold, foreign exchange 294.26 billion SDR (2025)
- Reserves excluding gold 308.07 billion SDR (2025)
- Total reserves (gold at market value) 318.78 billion SDR (2025)
- Total reserves (gold at national valuation) 311.57 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 6,028 SDR per person (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Republic of Korea?
- Current account balance (credit less debit), net (credits less debits) in Republic of Korea was 99.04 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Republic of Korea?
- The highest recorded value was 105.12 billion in 2015.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Republic of Korea?
- The lowest recorded value was 1.75 billion in 2008.
- How does Republic of Korea rank for current account balance (credit less debit), net (credits less debits)?
- Republic of Korea ranks 7th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Republic of Korea?
- Over the last ten years it is up 19.3%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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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.