Current account balance (credit less debit), Net (credits less) in South Korea
South Korea: Current account balance (credit less debit), Net (credits less) was 99.04 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in South Korea, 2005–2024
Source: International Monetary Fund.
Analysis
South 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 South Korea peaked at 105.12 billion in 2015 and was at its lowest, 1.75 billion, in 2008.
South 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) in South 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% |
South Korea compared with similar countries
- South Korea's 99.04 billion is above the median for high income countries, which is 547.38 million, 180.9× the median. (72 countries reporting)
- South Korea's 99.04 billion is above the median for East Asia & Pacific, which is 65.63 million, 1509.1× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +1787.5% | 1.75 billion | 33.09 billion |
| 2007 | +399.9% | 2.09 billion | 10.47 billion |
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 South Korea
More financial sector data for South Korea
- Reserve position in the IMF, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 58.67 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.21 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 42.84 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 58.67 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.21 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in South Korea?
- Current account balance (credit less debit), net (credits less debits) in South 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 South 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 South Korea?
- The lowest recorded value was 1.75 billion in 2008.
- How does South Korea rank for current account balance (credit less debit), net (credits less debits)?
- South 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 South Korea?
- Over the last ten years it is up 19.3%. The long-run trend across the full record is volatile.
- Where does this South 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.