South Korea current account


South Korea current account: 3045.7 (-58.92%)
Last Update: February 29, 2024

South Korea current account closed down 3045.7 as of February 29, 2024 from 7414.6 from the previous month and -518.4 from last year.


South Korea current account Analytics & Data




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South Korea current account

Date Values
2024-02-29 3045.7
2024-01-31 7414.6
2023-12-31 7410
2023-11-30 3890.7
2023-10-31 6800
2023-09-30 5420.7
2023-08-31 4984.6
2023-07-31 3737
2023-06-30 5873.7
2023-05-31 1927.2
2023-04-30 -792.6
2023-03-31 158.1
2023-02-28 -518.4
2023-01-31 -4212.3
2022-12-31 2677.2
2022-11-30 -222.8
2022-10-31 1629.7
2022-09-30 1580
2022-08-31 -3050
2022-07-31 790


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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 3045.7 7414.6 -59 -688 Down UP 3 2024-02-29

South Korea current account Factors

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What is the South Korea current account

Introduction: Welcome to our webpage dedicated to exploring the South Korea Current Account. Here, you will find a comprehensive collection of current and historical data, trends and signals, analytics, and charts, providing valuable insights into South Korea's economic performance and trade dynamics. Understanding the South Korea Current Account is essential for gaining insights into the country's balance of trade and its implications for the economy.

What is South Korea Current Account? The South Korea Current Account is a financial indicator that measures the country's total trade in goods, services, and income with the rest of the world over a specific period. It consists of the balance of trade (exports and imports of goods), services (such as tourism and transportation), income receipts (such as dividends and interest), and unilateral transfers (aid and remittances).

Interpreting the South Korea Current Account: The South Korea Current Account reflects the nation's economic health and competitiveness in international trade. A positive current account balance indicates that South Korea is exporting more goods, services, and receiving more income from abroad than it is importing and paying. This surplus suggests that the country is a net creditor to the rest of the world and is generating foreign currency reserves.

Conversely, a negative current account balance implies that South Korea is importing more goods, services, and paying more income to foreign entities than it is exporting and receiving. This deficit indicates that the country is a net debtor and relies on external financing to bridge the gap.

Trends and Signals: Our webpage offers a wide range of trends, signals, and analysis related to South Korea's current account. Users can explore historical data and charts showcasing the changes in South Korea's trade balance over time. Additionally, with the help of MacroVar signals, users can identify emerging trends and patterns, allowing for insightful forecasts and strategic decision-making.

Exporting Historical Data: We understand the importance of conducting further analysis with reliable data. Therefore, users have the ability to export historical data from our webpage free of charge. This feature enables researchers, analysts, and businesses to delve deeper into South Korea's current account data, explore correlations, and make informed observations.

MacroVar Signals, Trends, and Analysis: In addition to providing extensive historical data, our webpage also offers access to MacroVar signals, trends, and analysis. This sophisticated tool utilizes cutting-edge algorithms and artificial intelligence to identify hidden patterns, anticipate potential changes, and deliver accurate insights into the South Korea Current Account. Stay ahead of the curve by utilizing MacroVar's signals and analysis to make informed decisions and optimize your strategies.

Conclusion: Understanding and analyzing the South Korea Current Account is crucial for gaining insights into the nation's economic performance, trade dynamics, and competitiveness. Our webpage provides a comprehensive set of current and historical data, trends and signals, analytics, and charts to facilitate accurate interpretation and strategic decision-making. Additionally, users can explore the free export feature and leverage MacroVar signals and analysis for enhanced forecasting capabilities. Start exploring South Korea's current account today and unlock valuable insights for your research and business needs.

South Korea Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
KOSPI KOSPI 2494.28 0 -0.25 -0.17855 53.6566 -0.00822 -0.0109 0.02059 0.03571
South Korea ETF EWY 56.25 -1 -1 -2.00251 41.5579 0.02366 -0.00248 -0.02597 0.0857
Korean Won US Dollar (KRW/USD) KRWUSD 1334.34 -1 0.75 0.75369 41.5042 -0.01074 -0.01421 -0.00891 0.0135
South Korea 5-Year Bond Yield KR.5Y 3.719 -1 1 0.97655 42.5779 -0.00668 -0.03201 -0.00295 0.06531
South Korea 2-year bond yield KR.2Y 3.76 1 1 1.11385 54.38 -0.87 0.83 0.7 -0.4
South Korea Yield Curve KR.YC 0.266 -0.5 1 1.90389 49.4473 -0.10135 -0.32143 -0.07958 -10.8518
South Korea Credit Default Swaps CDS.South Korea 26.75 -0.5 -0.75 -1.47372 31.2202 0 0.00943 -0.10084 -0.50463
Export-Import Bank of Korea Credit Default Swaps CDS.Export-Import-Bank-of-Korea 39 -0.5 -0.75 -1.11528 43.6042 0.01299 0.00645 -0.025 -0.25
South Korea Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade kr.balanceoftrade 3800 1630 133 -154 UP UP 22 2023-11-30
bank lending rate kr.banks.lendingrate 5.17 5.12 1 33 UP UP 78 2023-06-30
business confidence kr.bizconfidence 71 70 1 1 UP UP 63 2024-03-31
capacity utilization kr.caputilization 102.6 104.1 -1 2 UP UP 87 2024-01-31
capital flows kr.capitalflows 2830.2 5679.7 -50 -562 Down UP 8 2024-01-31
car registrations kr.carregistrations 98253 125490 -22 -14 Down Down 13 2024-02-29
central bank balance sheet kr.cb.assets 511284 536402 -5 -8 Down Down 10 2024-01-31
consumer confidence kr.consconfidence 100.7 101.9 -1 12 UP UP 80 2024-02-29
consumer price index cpi kr.cpi 113.77 113.15 1 3 UP UP 78 2024-01-31
core inflation rate kr.coreinflationrate 3.31 3.64 -9 38 Down UP 65 2022-11-30
current account kr.currentaccount 3045.7 7414.6 -59 -688 Down UP 3 2024-02-29
current account to gdp kr.currentaccountgdp 1.8 4.7 -62 12 Down UP 0 2023-01-31
deposit interest rate kr.depositrate 3.61 3.52 3 60 Down UP 70 2023-05-31
exports kr.exports 52402.6 54753.3 -4 6 Down UP 61 2024-04-30
external debt kr.externaldebt 663631 649322 2 22 UP UP 59 2023-12-31
fiscal expenditure kr.fiscalexp 520917 478607 9 -13 UP Down 12 2023-11-30
foreign direct investment kr.fdi 8771740 6854930 28 85 UP UP 88 2024-03-31
foreign exchange reserves kr.fxreserves 415729 415759 -0 -2 Down Down 30 2024-03-31
gdp kr.gdp 1665.25 1798.53 -7 46 UP UP 0 2022-12-31
Real GDP kr.realgdp 503403 500277 1 7 UP UP 20 2024-03-31
gdp growth kr.gdpgrowth 0.6 0.6 0 0 UP Down 64 2024-03-31
gdp growth annual kr.gdpgrowthan 2.2 1.4 57 16 Down UP 75 2024-03-31
gold reserves kr.goldres 104.45 104.45 0 0 UP Down 25 2021-03-31
government budget kr.govbudget -7 -5.2 35 536 Down Down 0 2022-01-31
Government budget kr.govbudgetvalue -19455 -10444 86 -62 UP UP 31 2023-11-30
government debt to gdp kr.govdebtgdp 49.6 46.9 6 61 UP UP 0 2022-01-31
government revenues kr.govrev 501462 468163 7 -8 UP Down 20 2023-11-30
housing index kr.housingindex 93.4 93.5 0 -7 Down Down 23 2023-07-31
imports kr.imports 48112.3 54355.2 -11 -19 Down Down 7 2024-03-31
industrial production kr.indproduction 12.9 6.1 111 -202 UP UP 35 2024-01-31
industrial production mom kr.indproductionmm -1.3 -0.5 160 -154 Down Down 37 2024-01-31
inflation cpi kr.inflationcpi 3.1 2.8 11 -40 Down Down 32 2024-01-31
interbank rate kr.interbankrate 3.67 3.67 0 -1 Down Down 32 2023-08-15
interest rate kr.interestrate 3.5 3.5 0 56 UP UP 67 2023-07-13
loans to private sector kr.loanprivate 12624000 12544300 1 7 UP UP 26 2024-02-29
Manufacturing PMI kr.manpmi 50.7 51.2 -1 5 UP UP 78 2024-01-31
money supply m0 kr.msm0 171057000 170324000 0 4 UP UP 21 2024-01-31
money supply m1 kr.msm1 1223180 1231940 -1 2 UP UP 30 2024-01-31
money supply m2 kr.msm2 3917550 3894830 1 3 UP UP 12 2024-01-31
money supply m3 kr.msm3 5350000 5314600 1 5 UP UP 24 2024-01-31
Producer Price Index kr.producerprices 121.8 121.19 1 1 UP UP 46 2024-01-31
PPI Index kr.producerpricesch 1 -0.3 -433 -88 Down Down 40 2023-08-31
retail sales MoM kr.retailsales 0.8 0.6 33 -173 UP UP 0 2024-01-31
retail sales kr.retailsalesan -3.4 -2.2 55 100 Down Down 85 2024-01-31
unemployment rate kr.unemploymentrate 2.6 3 -13 0 Down Down 68 2024-02-29
youth unemployment rate kr.ytunemploymentrate 5.5 5.3 4 -4 Down Down 60 2023-10-31