Primary income balance (credit less debit), Net (credits less debits) in South Korea
South Korea: Primary income balance (credit less debit), Net (credits less debits) was 26.62 billion in 2024. ◆ Volatile
Primary income balance (credit less debit), Net (credits less debits) in South Korea, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, primary income balance (credit less debit), net (credits less debits) in South Korea stood at 26.62 billion. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 1.4% on the previous year and up 415.9% over ten years.
Over the whole period, primary income balance (credit less debit), net (credits less debits) in South Korea peaked at 26.62 billion in 2024 and was at its lowest, -8.04 billion, in 2005.
South Korea ranks 7th of 197 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income balance (credit less debit), Net (credits less debits) in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -8.04 billion | — |
| 2006 | -5.00 billion | -37.9% |
| 2007 | -4.54 billion | -9.2% |
| 2008 | -2.42 billion | -46.8% |
| 2009 | -3.44 billion | +42.2% |
| 2010 | -692.50 million | -79.8% |
| 2011 | 5.40 billion | -879.2% |
| 2012 | 10.73 billion | +98.9% |
| 2013 | 7.52 billion | -30.0% |
| 2014 | 5.16 billion | -31.4% |
| 2015 | 4.45 billion | -13.7% |
| 2016 | 4.57 billion | +2.5% |
| 2017 | 5.34 billion | +16.9% |
| 2018 | 4.90 billion | -8.2% |
| 2019 | 12.86 billion | +162.3% |
| 2020 | 13.49 billion | +4.9% |
| 2021 | 19.44 billion | +44.2% |
| 2022 | 20.35 billion | +4.6% |
| 2023 | 26.25 billion | +29.0% |
| 2024 | 26.62 billion | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.69 billion | -8.04 billion | -2.42 billion | 5 |
| 2010s | 6.02 billion | -692.50 million | 12.86 billion | 10 |
| 2020s | 21.23 billion | 13.49 billion | 26.62 billion | 5 |
Countries ranked near South Korea
More financial sector data for South 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 primary income balance (credit less debit), net (credits less debits) in South Korea?
- Primary income balance (credit less debit), net (credits less debits) in South Korea was 26.62 billion in 2024, according to International Monetary Fund.
- What is the highest primary income balance (credit less debit), net (credits less debits) recorded in South Korea?
- The highest recorded value was 26.62 billion in 2024.
- What is the lowest primary income balance (credit less debit), net (credits less debits) recorded in South Korea?
- The lowest recorded value was -8.04 billion in 2005.
- How does South Korea rank for primary income balance (credit less debit), net (credits less debits)?
- South Korea ranks 7th out of 197 countries with data for 2024.
- Is primary income balance (credit less debit), net (credits less debits) rising or falling in South Korea?
- Over the last ten years it is up 415.9%. 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 Primary income 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.