Korea vs Micronesia, Federated States of: Current account balance
Current account balance over time
- Korea
- Micronesia, Federated States of
How they compare
Micronesia, Federated States of currently reports 7.1% against 6.6% in Korea, a difference of 0.5%.
That makes Micronesia, Federated States of's figure about 1.1 times Korea's.
The two have swapped places 1 time across 6 shared years of data; in 2009 it was Korea ahead.
Korea ranks 31st and Micronesia, Federated States of ranks 28th of 200 countries.
Korea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Korea | Micronesia, Federated States of | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 3.4% | -13.8% | 17.2% | Korea |
| 2010s | 3.6% | -4.7% | 8.3% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Korea or Micronesia, Federated States of?
- Micronesia, Federated States of, at 7.1% against 6.6% in Korea as of 2014.
- What is the difference in current account balance between Korea and Micronesia, Federated States of?
- 0.5%, with Micronesia, Federated States of ahead.
- How many years of comparable data are there for Korea and Micronesia, Federated States of?
- 6 years are reported by both, from 2009 to 2014.
- How do Korea and Micronesia, Federated States of rank globally for current account balance?
- Korea ranks 31st and Micronesia, Federated States of ranks 28th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.