South Korea’s current account surplus widened to USD 8.03 billion in February of 2021 from USD 6.41 billion in the same month of the previous year. The services account shifted to a USD 0.13 billion surplus compared with a deficit of USD 1.44 billion a year earlier while the primary income surplus widened to USD 2.12 billion from USD 1.23 billion. Meanwhile, the goods account narrowed to USD 6.05 billion from USD 6.60 billion while the secondary income account shifted to a USD 0.26 billion deficit compared with a surplus of USD 0.04 billion a year ago. source: The Bank of Korea
Current Account in South Korea averaged 1774.54 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 May 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.