Goods balance (credit less debit), Net (credits less debits) in Republic of Korea
Republic of Korea: Goods balance (credit less debit), Net (credits less debits) was 100.13 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Republic of Korea, 2005–2024
Source: International Monetary Fund.
Analysis
Republic of Korea recorded 100.13 billion for goods balance (credit less debit), net (credits less debits) in 2024.
Compared with earlier readings it is up 165.9% on the previous year and up 16.2% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Republic of Korea peaked at 120.28 billion in 2015 and was at its lowest, 11.75 billion, in 2008.
That places Republic of Korea 7th out of 198 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 32.49 billion | — |
| 2006 | 24.51 billion | -24.6% |
| 2007 | 32.44 billion | +32.3% |
| 2008 | 11.75 billion | -63.8% |
| 2009 | 48.06 billion | +309.1% |
| 2010 | 47.93 billion | -0.3% |
| 2011 | 28.01 billion | -41.6% |
| 2012 | 48.59 billion | +73.4% |
| 2013 | 80.26 billion | +65.2% |
| 2014 | 86.14 billion | +7.3% |
| 2015 | 120.28 billion | +39.6% |
| 2016 | 116.46 billion | -3.2% |
| 2017 | 113.59 billion | -2.5% |
| 2018 | 110.09 billion | -3.1% |
| 2019 | 79.81 billion | -27.5% |
| 2020 | 80.60 billion | +1.0% |
| 2021 | 75.73 billion | -6.0% |
| 2022 | 15.62 billion | -79.4% |
| 2023 | 37.66 billion | +141.1% |
| 2024 | 100.13 billion | +165.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.85 billion | 11.75 billion | 48.06 billion | 5 |
| 2010s | 83.12 billion | 28.01 billion | 120.28 billion | 10 |
| 2020s | 61.95 billion | 15.62 billion | 100.13 billion | 5 |
Countries ranked near Republic of Korea
- 4 Singapore 148.13 billion compare
- 5 Russian Federation 132.09 billion compare
- 6 Switzerland 130.84 billion compare
- 8 Taiwan, China 99.42 billion compare
- 9 Saudi Arabia 89.72 billion compare
- 10 Netherlands 87.60 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 goods balance (credit less debit), net (credits less debits) in Republic of Korea?
- Goods balance (credit less debit), net (credits less debits) in Republic of Korea was 100.13 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Republic of Korea?
- The highest recorded value was 120.28 billion in 2015.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Republic of Korea?
- The lowest recorded value was 11.75 billion in 2008.
- How does Republic of Korea rank for goods balance (credit less debit), net (credits less debits)?
- Republic of Korea ranks 7th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Republic of Korea?
- Over the last ten years it is up 16.2%. 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 Goods 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.