Current Account in Korea

Korea Current Account | Economic News & Forecasts

Korea - Current Account

Comprehensive data released in December highlighted that annual economic growth decelerated significantly in the third quarter compared to the second quarter, although this was partly due to a high base effect. The slowdown in Q3 was most evident in fixed investment. In terms of the fourth and final quarter of 2018, the economy has shown mixed signs so far. In December, the Bank of Korea’s business confidence survey posted the most pessimistic reading since January 2017, boding poorly for fixed investment. Furthermore, consumer confidence was pessimistic in both October and November and was at its most downbeat since February 2017 in the latter, which hints at mild private consumption growth. On the plus side, however, the unemployment rate ticked down for a second consecutive month in October, while industrial production rebounded.

Korea - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)6.2  6.0  7.7  7.0  5.1  

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Korea Current Account Chart

Korea Current Account
Note: Current account balance as % of GDP.
Source: Bank of Korea and FocusEconomics calculations.

Korea Facts

Bond Yield1.981.55 %Jan 16
Exchange Rate1,1200.21 %Jan 16
Stock Market2,106-0.40 %Jan 16

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