South Korea current account

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South Korea current account: 11120 (68.48%)
Last Update: September 30, 2024

South Korea current account closed down 11120 as of September 30, 2024 from 6600 from the previous month and 6072.7 from last year.


South Korea current account Analytics & Data




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South Korea current account

Date Values
2024-09-30 11120
2024-08-31 6600
2024-07-31 8970
2024-06-30 12260
2024-05-31 8922.5
2024-04-30 -285.2
2024-03-31 6931.4
2024-02-29 6860
2024-01-31 3045.7
2023-12-31 7414.6
2023-11-30 3890.7
2023-10-31 7437.8
2023-09-30 6072.7
2023-08-31 5412.7
2023-07-31 4113.9
2023-06-30 6177.8
2023-05-31 2300.8
2023-04-30 -1372.7
2023-03-31 -429.4
2023-02-28 -1325.9
2023-01-31 -4212.3
2022-12-31 2677.2
2022-11-30 -222.8
2022-10-31 1629.7

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South Korea current account Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
current account kr.currentaccount 11120.0 6600 68 83 UP UP 82 2024-09-30

South Korea current account Quantitative Analysis, Charts & Factors

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South Korea current account Historical Data

The MacroVar database offers free access to historical data for the South Korea current account, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of South Korea current account data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the South Korea current account

The current account of South Korea refers to the balance of trade in goods and services, as well as income received from and payments made to other countries. It is an important indicator of the country's economic health and international trade relations. A positive current account balance indicates that the country is exporting more goods and services than it is importing, while a negative balance suggests the opposite. South Korea has traditionally had a strong current account surplus, driven by its competitive manufacturing sector and strong export performance. This surplus has helped to bolster the country's foreign exchange reserves and overall economic stability. However, in recent years, South Korea has seen fluctuations in its current account balance due to factors such as changing global trade dynamics and currency fluctuations.

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