Republic of Korea vs Singapore: Current account balance
Current account balance over time
- Republic of Korea
- Singapore
How they compare
Republic of Korea currently reports 123.05 billion BoP, current US$ against 100.93 billion BoP, current US$ in Singapore, a difference of 22.13 billion BoP, current US$.
That makes Republic of Korea's figure about 1.2 times Singapore's.
The two have swapped places 12 times across 50 shared years of data; in 1976 it was Republic of Korea ahead.
Republic of Korea ranks 4th and Singapore ranks 7th of 199 countries.
Across the 6 decades both report, Republic of Korea averaged higher in 2 and Singapore in 4.
Head to head by decade
| Decade | Republic of Korea | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -1.38 billion BoP, current US$ | -512.71 million BoP, current US$ | 870.79 million BoP, current US$ | Singapore |
| 1980s | 196.43 million BoP, current US$ | -21.70 million BoP, current US$ | 218.13 million BoP, current US$ | Republic of Korea |
| 1990s | -44.92 million BoP, current US$ | 10.72 billion BoP, current US$ | 10.77 billion BoP, current US$ | Singapore |
| 2000s | 11.66 billion BoP, current US$ | 26.32 billion BoP, current US$ | 14.65 billion BoP, current US$ | Singapore |
| 2010s | 66.91 billion BoP, current US$ | 57.06 billion BoP, current US$ | 9.85 billion BoP, current US$ | Republic of Korea |
| 2020s | 73.20 billion BoP, current US$ | 87.94 billion BoP, current US$ | 14.75 billion BoP, current US$ | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Republic of Korea or Singapore?
- Republic of Korea, at 123.05 billion BoP, current US$ against 100.93 billion BoP, current US$ in Singapore as of 2025.
- What is the difference in current account balance between Republic of Korea and Singapore?
- 22.13 billion BoP, current US$, with Republic of Korea ahead.
- How many years of comparable data are there for Republic of Korea and Singapore?
- 50 years are reported by both, from 1976 to 2025.
- How do Republic of Korea and Singapore rank globally for current account balance?
- Republic of Korea ranks 4th and Singapore ranks 7th of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.