South Korea posted a current account surplus of $10.07 billion in September of 2021, compared to $7.51 billion in the previous month, as exports continued to rebound amid a global economic recovery from pandemic-induced slumps. The goods balance registered a $9.45 billion surplus in September, up from $5.64 billion in August. The service account meanwhile logged a deficit of $20 million, a reversal from a surplus of $1 billion a month earlier. The primary income account posted a surplus of $750 million, lower than the $1.11 billion in the previous month. source: The Bank of Korea
Current Account in South Korea averaged 1859.42 USD Million from 1900 until 2021, reaching an all time high of 12409.70 USD Million in June of 2016 and a record low of -3845 USD Million in August of 2008. This page provides the latest reported value for - South Korea Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Current Account - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Current Account in South Korea is expected to be 9500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Current Account is projected to trend around 8600.00 USD Million in 2022 and 7900.00 USD Million in 2023, according to our econometric models.