South Korea’s current account surplus widened sharply to USD 10.76 billion in May of 2021 from USD 2.24 billion in the same month a year earlier. The goods account surplus expanded to USD 6.37 billion from USD 2.61 billion a year ago while the services deficit narrowed to USD 0.56 billion from USD 0.65 billion a year ago. Additionally, the primary income surplus increased markedly to USD 5.49 billion from USD 0.55 billion, while the secondary income gap widened to USD 0.54 billion from USD 0.27 billion. source: The Bank of Korea
Current Account in South Korea averaged 1786.79 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 July of 2021.
Current Account in South Korea is expected to be 5500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in South Korea to stand at 4500.00 in 12 months time. In the long-term, the South Korea Current Account is projected to trend around 4500.00 USD Million in 2022, according to our econometric models.