South Korea current account

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South Korea current account: 8922.5 (-3228.51%)
Last Update: May 31, 2024

South Korea current account closed down 8922.5 as of May 31, 2024 from -285.2 from the previous month and 2300.8 from last year.


South Korea current account Analytics & Data




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South Korea current account closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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South Korea current account

DateValues
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
2022-09-30 2089
2022-08-31 -2912.1
2022-07-31 1699.2
2022-06-30 6063.7

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South Korea current account Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
current accountkr.currentaccount8922.5-285.2-3229288UPUP932024-05-31

South Korea current account 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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