South Korea current account to gdp

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South Korea current account to gdp: 1.3 (-27.78%)
Last Update: December 31, 2023

South Korea current account to gdp closed down 1.3 as of December 31, 2023 from 1.8 from the previous month and 1.6 from last year.


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South Korea current account to gdp

Date Values
2023-12-31 1.3
2022-12-31 1.8
2021-12-31 4.7
2020-12-31 4.6
2019-12-31 3.7
2018-12-31 4.7
2017-12-31 4.9
2016-12-31 7
2015-12-31 7.7
2014-12-31 6
2013-12-31 6.2
2012-12-31 4.2
2011-12-31 1.6
2010-12-31 2.6
2009-12-31 3.7
2008-12-31 0.3
2007-12-31 1.1
2006-12-31 0.4
2005-12-31 1.4
2004-12-31 3.9
2003-12-31 1.7
2002-12-31 0.8
2001-12-31 0.5
2000-12-31 1.9

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South Korea current account to gdp Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
current account to gdp kr.currentaccountgdp 1.3 1.8 -28 -19 Down Down 0 2023-12-31

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South Korea current account to gdp Historical Data

The MacroVar database offers free access to historical data for the South Korea current account to gdp, 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 to gdp data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the South Korea current account to gdp

The current account to GDP ratio in South Korea refers to the comparison between the country's current account balance and its gross domestic product. This ratio is an important indicator of a nation's economic health and stability. A positive current account to GDP ratio indicates that the country is exporting more goods and services than it is importing, leading to a surplus in its current account. This surplus can be beneficial for the country's economy as it indicates a strong export sector and a favorable balance of trade. On the other hand, a negative current account to GDP ratio suggests that the country is importing more than it is exporting, leading to a deficit in its current account. This deficit can have negative implications for the country's economy, such as a decrease in foreign exchange reserves and potential dependency on external financing. Overall, monitoring the current account to GDP ratio is important for assessing the economic performance and financial stability of a country like South Korea.

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