South Korea current account

South Korea current account closed down -620 as of November 30, 2022 from 880 from the previous month and 6820 from last year.


South Korea current account Chart

South Korea current account

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South Korea current account

Date Values
2022-11-30 -620
2022-10-31 880
2022-09-30 1580
2022-08-31 -3050
2022-07-31 790
2022-06-30 5610
2022-05-31 3860
2022-04-30 -80
2022-03-31 7060
2022-02-28 6420
2022-01-31 1810
2021-12-31 6060
2021-11-30 6820
2021-10-31 6950
2021-09-30 10067.7
2021-08-31 7512.3
2021-07-31 8210.7
2021-06-30 8846.9
2021-05-31 10761.2
2021-04-30 1909.9
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South Korea Current account Statistics

Click here to explore the methodology used for estimating the South Korea current account signals presented in the statistics table below.

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account kr.currentaccount -620 880 -170.46 -109.09 Down Down 5 2022-12-21

South Korea Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
KOSPI KOSPI 2372.4 -50 -25 0 45.15 -0.87 -2.51 -4.35 -20.21
South Korea ETF EWY 58.25 0 0 0 55.42 2.05 -0.19 -2.22 -25.35
Korean Won US Dollar (KRW/USD) KRWUSD 1289.57 -100 -75 0 32.88 -2.32 -2.72 -2.05 8.64
South Korea 5-Year Bond Yield KR.5Y 4.264 0 0.5 1.57815 50.9036 -0.0056 0.00164 -0.02848 0.69206
South Korea 2-year bond yield KR.2Y 4.269 0 0 0 0 0 0 0 0
South Korea Yield Curve KR.YC 0.021 0 0 0 0 0 0 0 0
South Korea Credit Default Swaps CDS.South Korea 74.5 0 0 0 0 0 0 0 0
Export-Import Bank of Korea Credit Default Swaps CDS.Export-Import-Bank-of-Korea 70.66 0 0 0 0 0 0 0 0

South Korea Financial News Stream

South Korea Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade kr.balanceoftrade -4690 -6990 -32.9 936.54 Down Down 10 2022-12-21
bank lending rate kr.banks.lendingrate 4.71 4.52 4 59 100.0 100.0 100 2022-09-30
business confidence kr.bizconfidence 66 71 -7.04 -26.67 Down Down 12.5 2023-01-25
capacity utilization kr.caputilization 105.1 105.7 -1 0 100.0 100.0 48 2022-07-31
capital flows kr.capitalflows 1719 2547.5 -32.52 -74.46 Down Down 15 2022-12-21
car registrations kr.carregistrations 123678 135279 -8.58 2.12 UP UP 41.67 2022-12-21
central bank balance sheet kr.cb.assets 584276 583584 0.12 0.67 Down UP 90 2023-01-21
consumer confidence kr.consconfidence 90.7 90.2 0.55 -13.12 Down Down 23.33 2023-01-25
consumer price index cpi kr.cpi 108.74 108.22 0 1 100.0 100.0 57 2022-07-31
core inflation rate kr.coreinflationrate 4.52 4.43 2 126 100.0 100.0 73 2022-09-30
current account kr.currentaccount -620 880 -170.46 -109.09 Down Down 5 2022-12-21
current account to gdp kr.currentaccountgdp 4.9 4.6 7 32 100.0 100.0 0 2021-01-31
deposit interest rate kr.depositrate 3.36 3.34 1 187 100.0 100.0 98 2022-08-31
exports kr.exports 54990 51890 5.97 -9.45 Down Down 78.33 2022-12-21
external debt kr.externaldebt 638981 662038 -3.48 39.45 UP UP 96.67 2022-11-25
fiscal expenditure kr.fiscalexp 595823 556470 7.07 15.28 UP UP 100 2022-12-21
foreign direct investment kr.fdi 8931220 10437000 -14.43 -9.27 UP Down 91.67 2022-12-21
foreign exchange reserves kr.fxreserves 423160 416100 1.7 -8.63 Down Down 61.67 2022-12-21
gdp kr.gdp 1798.53 1637.9 10 91 100.0 100.0 0 2021-12-31
Real GDP kr.realgdp 491674 493321 -0.33 4.88 UP UP 96.67 2023-01-25
gdp growth kr.gdpgrowth 0.3 0.7 -57 -50 100.0 -100.0 27 2021-09-30
gdp growth annual kr.gdpgrowthan 1.4 3.1 -54.84 -33.33 Down Down 13.33 2023-01-25
gold reserves kr.goldres 104.45 104.45 0 0 100.0 -100.0 25 2021-03-31
government budget kr.govbudget -6.1 -2.6 135 -626 -100.0 -100.0 0 2020-01-31
Government budget kr.govbudgetvalue -50848 -43058 18.09 127.34 Down Down 18.33 2022-12-21
government debt to gdp kr.govdebtgdp 46.9 42.6 10 49 100.0 100.0 0 2021-01-31
government revenues kr.govrev 544975 513411 6.15 10.21 UP UP 100 2022-12-21
housing index kr.housingindex 97.9 98.9 -1.01 -21.55 Down Down 10 2022-12-21
imports kr.imports 59676 58881.2 1.35 -2.46 Down Down 85 2022-12-21
industrial production kr.indproduction -3.7 -1.2 208.33 -182.22 Down Down 11.67 2022-12-21
industrial production mom kr.indproductionmm 0.4 -3.5 -111.43 -0 UP Down 51.67 2022-12-21
inflation cpi kr.inflationcpi 5 5.7 -12.28 92.31 UP UP 95 2022-12-02
interbank rate kr.interbankrate 4.03 4.02 0 0 0 0 0 2022-11-15
interest rate kr.interestrate 3 2.5 20 300 100.0 100.0 98 2022-10-14
loans to private sector kr.loanprivate 11703100 11796700 -0.79 9.82 UP UP 98.33 2022-12-21
South Korea kr.manpmi 48.2 49 -1.63 -7.13 Down Down 20.83 2022-12-21
money supply m0 kr.msm0 163203000 165011000 -1.1 5.98 UP UP 90 2023-01-21
money supply m1 kr.msm1 1249410 1284080 -2.7 -8.22 Down Down 68.33 2023-01-21
money supply m2 kr.msm2 3794690 3768320 0.7 5.24 UP UP 100 2023-01-21
money supply m3 kr.msm3 5115230 5094850 0.4 4.73 UP UP 100 2023-01-21
Producer Price Index kr.producerprices 120.42 120.61 -0.16 6.35 UP UP 96.67 2022-12-21
PPI Index kr.producerpricesch 6.3 7.3 -13.7 -35.71 Down Down 70 2022-12-21
retail sales MoM kr.retailsales -1.8 -0.2 800 -1000 Down Down 15 2022-12-21
retail sales kr.retailsalesan -2.2 -0.7 214.29 -129.73 Down Down 5 2022-12-21
unemployment rate kr.unemploymentrate 2.8 2.5 12 -7 -100.0 -100.0 39 2022-09-30
youth unemployment rate kr.ytunemploymentrate 5.2 5.9 -11.86 -8.77 Down Down 1.67 2022-12-21

South Korea current account analysis

South-korea’s current account is comprised of South-korea’s exports minus imports, net income from abroad and net current transfers. South-korea’s finances are reflected in a simple income statement of revenue and expenses and a simple balance sheet of assets and liabilities. When South-korea’s revenue, from what one sells, is greater than one’s expenditure, there is positive net income, which leads to one’s assets to rise relative to one’s liabilities (most importantly debt, which raises one’s net savings. Exports are the main revenue source for countries. Net income is export earnings minus import spending (balance of goods and services) that makes the net income of a country that comes from trading with foreigners. If one buys more than one sells, he has to finance the difference by some mix of drawing down one’s savings and/or borrowing. one can think of a country’s savings as its foreign-exchange reserves. When the country has a current account deficit it is financed by its exchange rate reserves or increasing debt. The financing is calculated by the country’s capital account. Explore MacroVar financial knowledge base structured by professional fund managers and economists.

South Korea current account trend

South Korea current account trend is in an uptrend when the last value is higher than its twelve-month moving average and its twelve-month moving average slope is positive (last twelve-month moving average is higher than the previous month twelve-month moving average) and vice-versa. MacroVar calculates the number of months the South Korea current account has recorded new highs or lows. South Korea current account trend change is assumed when the specific indicator has recorded a 3-month high / low or more.

South Korea current account momentum

South Korea current account momentum is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M) return.