Current account balance (credit less debit), US dollar in Republic of Korea
Republic of Korea: Current account balance (credit less debit), US dollar was 128.68 billion in 2031. ◆ Volatile
Current account balance (credit less debit), US dollar in Republic of Korea, 1980–2031
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), us dollar in Republic of Korea is 128.68 billion, measured in 2031. That is the highest value across all 52 years on record.
That represents a change of up 3.5% on the previous year and up 53.4% over ten years.
Over the whole period, current account balance (credit less debit), us dollar in Republic of Korea peaked at 128.68 billion in 2031 and was at its lowest, -24.46 billion, in 1996.
Republic of Korea ranks 4th of 26 countries on this measure, 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), US dollar in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -6.90 billion | — |
| 1981 | -6.49 billion | -5.9% |
| 1982 | -5.63 billion | -13.2% |
| 1983 | -3.59 billion | -36.2% |
| 1984 | -1.85 billion | -48.6% |
| 1985 | -2.18 billion | +17.9% |
| 1986 | 2.61 billion | -219.7% |
| 1987 | 8.63 billion | +231.1% |
| 1988 | 12.76 billion | +47.8% |
| 1989 | 3.77 billion | -70.5% |
| 1990 | -2.80 billion | -174.5% |
| 1991 | -8.03 billion | +186.5% |
| 1992 | -2.90 billion | -63.9% |
| 1993 | 1.69 billion | -158.2% |
| 1994 | -4.79 billion | -384.0% |
| 1995 | -10.23 billion | +113.4% |
| 1996 | -24.46 billion | +139.1% |
| 1997 | -10.81 billion | -55.8% |
| 1998 | 40.11 billion | -471.0% |
| 1999 | 21.78 billion | -45.7% |
| 2000 | 10.18 billion | -53.3% |
| 2001 | 2.17 billion | -78.7% |
| 2002 | 4.07 billion | +87.8% |
| 2003 | 11.31 billion | +178.1% |
| 2004 | 29.29 billion | +159.0% |
| 2005 | 12.21 billion | -58.3% |
| 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 | 76.25 billion | +27.8% |
| 2021 | 83.88 billion | +10.0% |
| 2022 | 23.24 billion | -72.3% |
| 2023 | 32.53 billion | +40.0% |
| 2024 | 99.97 billion | +207.3% |
| 2025 | 123.05 billion | +23.1% |
| 2026 | 107.83 billion | -12.4% |
| 2027 | 109.53 billion | +1.6% |
| 2028 | 111.73 billion | +2.0% |
| 2029 | 118.71 billion | +6.2% |
| 2030 | 124.28 billion | +4.7% |
| 2031 | 128.68 billion | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 112.90 million | -6.90 billion | 12.76 billion | 10 |
| 1990s | -44.92 million | -24.46 billion | 40.11 billion | 10 |
| 2000s | 11.66 billion | 1.75 billion | 33.09 billion | 10 |
| 2010s | 66.91 billion | 16.64 billion | 105.12 billion | 10 |
| 2020s | 88.67 billion | 23.24 billion | 123.05 billion | 10 |
| 2030s | 126.48 billion | 124.28 billion | 128.68 billion | 2 |
Countries ranked near Republic of Korea
- 1 Japan 207.80 billion compare
- 2 Taiwan, China 195.91 billion compare
- 3 Singapore 134.29 billion compare
- 5 United Arab Emirates 73.68 billion compare
- 6 Hong Kong, China 64.23 billion compare
- 7 Spain 37.76 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), us dollar in Republic of Korea?
- Current account balance (credit less debit), us dollar in Republic of Korea was 128.68 billion in 2031, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), us dollar recorded in Republic of Korea?
- The highest recorded value was 128.68 billion in 2031.
- What is the lowest current account balance (credit less debit), us dollar recorded in Republic of Korea?
- The lowest recorded value was -24.46 billion in 1996.
- How does Republic of Korea rank for current account balance (credit less debit), us dollar?
- Republic of Korea ranks 4th out of 26 countries with data for 2031.
- Is current account balance (credit less debit), us dollar rising or falling in Republic of Korea?
- Over the last ten years it is up 53.4%. 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), US dollar (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.