Current Account in Korea

Korea Current Account (USD bn) | Economic News & Forecasts

Korea - Current Account (billions of U.S. Dollars)

Economic growth was stable in the third quarter, as a softer contraction in fixed investment offset a slight deceleration in private consumption growth. Meanwhile, public spending continued to surge, albeit at a marginally softer pace than in the second quarter. Moreover, in the external sector, both exports and imports grew modestly in Q3; however, this resulted in a negative contribution to growth, contrasting the positive contribution in Q2. Shifting focus to the fourth quarter, economic growth again appears more or less steady: Consumer confidence hit a six-month high in October, although merchandise exports contracted in October at a sharper pace than in Q3. Meanwhile, in the diplomatic arena, President Moon Jae-in met his Japanese counterpart in early November. They agreed to thaw frosty bilateral relations, which bodes well for currently suppressed trade flows.

Korea - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)77.3  83.0  105  97.9  75.2  

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Korea Current Account (USD bn) Chart

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

Korea Facts

Bond Yield1.341.55 %Sep 04
Exchange Rate1,2080.21 %Sep 04
Stock Market1,989-0.40 %Sep 04

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