Secondary income balance (credit less debit), Net (credits less) in South Korea
South 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 South Korea, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, secondary income balance (credit less debit), net (credits less) in South 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 South Korea peaked at -1.27 billion in 2008 and was at its lowest, -8.15 billion, in 2018.
That places South 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 South 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% |
South Korea compared with similar countries
- South Korea's -4.00 billion is below the median for high income countries, which is -347.77 million, 11.5× the median. (72 countries reporting)
- South Korea's -4.00 billion is below the median for East Asia & Pacific, which is 146.26 million. (33 countries reporting)
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 South Korea
More financial sector data for South 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 secondary income balance (credit less debit), net (credits less) in South Korea?
- Secondary income balance (credit less debit), net (credits less) in South 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 South 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 South Korea?
- The lowest recorded value was -8.15 billion in 2018.
- How does South Korea rank for secondary income balance (credit less debit), net (credits less)?
- South 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 South Korea?
- Over the last ten years it is up 19.7%. The long-run trend across the full record is falling.
- Where does this South 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.