Current account balance (credit less debit), Percent of GDP in Korea
Korea: Current account balance (credit less debit), Percent of GDP was 5.46 in 2031. ◆ Volatile
Current account balance (credit less debit), Percent of GDP in Korea, 1980–2031
Source: International Monetary Fund.
Analysis
In 2031, current account balance (credit less debit), percent of gdp in Korea stood at 5.46.
That represents a change of down 0.4% on the previous year and up 26.4% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp in Korea peaked at 10.11 in 1998 and was at its lowest, -10.37, in 1980.
That places Korea 6th out of 26 countries with data for 2031, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -10.37 | — |
| 1981 | -8.73 | -15.8% |
| 1982 | -7.05 | -19.3% |
| 1983 | -4.01 | -43.1% |
| 1984 | -1.85 | -53.8% |
| 1985 | -2.1 | +13.3% |
| 1986 | 2.17 | -203.5% |
| 1987 | 5.67 | +160.9% |
| 1988 | 6.21 | +9.5% |
| 1989 | 1.48 | -76.1% |
| 1990 | -0.9601 | -164.8% |
| 1991 | -2.36 | +145.5% |
| 1992 | -0.7907 | -66.5% |
| 1993 | 0.416 | -152.6% |
| 1994 | -1 | -340.6% |
| 1995 | -1.74 | +74.3% |
| 1996 | -3.88 | +122.1% |
| 1997 | -1.83 | -52.7% |
| 1998 | 10.11 | -651.7% |
| 1999 | 4.23 | -58.2% |
| 2000 | 1.7 | -59.7% |
| 2001 | 0.3814 | -77.6% |
| 2002 | 0.6258 | +64.1% |
| 2003 | 1.55 | +148.0% |
| 2004 | 3.56 | +129.4% |
| 2005 | 1.26 | -64.7% |
| 2006 | 0.1914 | -84.8% |
| 2007 | 0.8579 | +348.2% |
| 2008 | 0.1603 | -81.3% |
| 2009 | 3.37 | +1999.9% |
| 2010 | 2.34 | -30.4% |
| 2011 | 1.27 | -45.7% |
| 2012 | 3.65 | +187.1% |
| 2013 | 5.39 | +47.4% |
| 2014 | 5.34 | -0.9% |
| 2015 | 6.83 | +28.0% |
| 2016 | 6.2 | -9.2% |
| 2017 | 4.4 | -29.1% |
| 2018 | 4.25 | -3.5% |
| 2019 | 3.41 | -19.7% |
| 2020 | 4.37 | +28.3% |
| 2021 | 4.32 | -1.2% |
| 2022 | 1.29 | -70.1% |
| 2023 | 1.76 | +36.5% |
| 2024 | 5.33 | +202.3% |
| 2025 | 6.57 | +23.3% |
| 2026 | 5.58 | -15.0% |
| 2027 | 5.45 | -2.4% |
| 2028 | 5.33 | -2.1% |
| 2029 | 5.44 | +2.0% |
| 2030 | 5.48 | +0.7% |
| 2031 | 5.46 | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -1.86 | -10.37 | 6.21 | 10 |
| 1990s | 0.2191 | -3.88 | 10.11 | 10 |
| 2000s | 1.37 | 0.1603 | 3.56 | 10 |
| 2010s | 4.31 | 1.27 | 6.83 | 10 |
| 2020s | 4.55 | 1.29 | 6.57 | 10 |
| 2030s | 5.47 | 5.46 | 5.48 | 2 |
Countries ranked near Korea
- 3 Chinese Taipei 15.38 compare
- 4 Hong Kong, China 11.42 compare
- 5 United Arab Emirates 9.04 compare
- 7 Ghana 4.93 compare
- 8 Japan 4.05 compare
- 9 Nigeria 3.32 compare
More financial sector data for 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), percent of gdp in Korea?
- Current account balance (credit less debit), percent of gdp in Korea was 5.46 in 2031, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp recorded in Korea?
- The highest recorded value was 10.11 in 1998.
- What is the lowest current account balance (credit less debit), percent of gdp recorded in Korea?
- The lowest recorded value was -10.37 in 1980.
- How does Korea rank for current account balance (credit less debit), percent of gdp?
- Korea ranks 6th out of 26 countries with data for 2031.
- Is current account balance (credit less debit), percent of gdp rising or falling in Korea?
- Over the last ten years it is up 26.4%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.