Secondary income balance (credit less debit), Net (credits less) in Republic of Korea
Republic of Korea: Secondary income balance (credit less debit), Net (credits less) was -4.00 billion in 2024. ▼ Falling
Secondary income balance (credit less debit), Net (credits less) in Republic of Korea, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, secondary income balance (credit less debit), net (credits less) in Republic of Korea stood at -4.00 billion.
The figure is up 6.1% on the previous year and up 19.7% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Republic of Korea peaked at -1.27 billion in 2008 and was at its lowest, -8.15 billion, in 2018.
That places Republic of Korea 177th out of 197 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -3.26 billion | — |
| 2006 | -4.38 billion | +34.5% |
| 2007 | -4.39 billion | +0.1% |
| 2008 | -1.27 billion | -71.1% |
| 2009 | -2.19 billion | +73.2% |
| 2010 | -5.32 billion | +142.3% |
| 2011 | -4.72 billion | -11.3% |
| 2012 | -5.47 billion | +16.1% |
| 2013 | -4.19 billion | -23.5% |
| 2014 | -4.98 billion | +19.0% |
| 2015 | -4.99 billion | +0.0% |
| 2016 | -5.77 billion | +15.7% |
| 2017 | -6.96 billion | +20.8% |
| 2018 | -8.15 billion | +17.1% |
| 2019 | -6.15 billion | -24.6% |
| 2020 | -3.52 billion | -42.7% |
| 2021 | -4.66 billion | +32.4% |
| 2022 | -2.89 billion | -38.1% |
| 2023 | -4.26 billion | +47.7% |
| 2024 | -4.00 billion | -6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.10 billion | -4.39 billion | -1.27 billion | 5 |
| 2010s | -5.67 billion | -8.15 billion | -4.19 billion | 10 |
| 2020s | -3.87 billion | -4.66 billion | -2.89 billion | 5 |
Countries ranked near Republic of Korea
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 secondary income balance (credit less debit), net (credits less) in Republic of Korea?
- Secondary income balance (credit less debit), net (credits less) in Republic of Korea was -4.00 billion in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Republic of Korea?
- The highest recorded value was -1.27 billion in 2008.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Republic of Korea?
- The lowest recorded value was -8.15 billion in 2018.
- How does Republic of Korea rank for secondary income balance (credit less debit), net (credits less)?
- Republic of Korea ranks 177th out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Republic of Korea?
- Over the last ten years it is up 19.7%. The long-run trend across the full record is falling.
- Where does this Republic of Korea data come from?
- The figures come from International Monetary Fund, published as part of Secondary 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.