Balanced trade in services in Korea, Democratic People's Republic of
Korea, Democratic People's Republic of: Balanced trade in services was 0.9385 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Korea, Democratic People's Republic of, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
Korea, Democratic People's Republic of recorded 0.9385 US dollars, exchange rate converted for balanced trade in services in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 9.2% on the previous year and up 22.7% over ten years.
Over the whole period, balanced trade in services in Korea, Democratic People's Republic of peaked at 0.9385 US dollars, exchange rate converted in 2024 and was at its lowest, 0.4375 US dollars, exchange rate converted, in 2020.
Korea, Democratic People's Republic of ranks 122nd of 174 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in Korea, Democratic People's Republic of, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.5164 US dollars, exchange rate converted | — |
| 2006 | 0.5158 US dollars, exchange rate converted | -0.1% |
| 2007 | 0.5625 US dollars, exchange rate converted | +9.0% |
| 2008 | 0.5568 US dollars, exchange rate converted | -1.0% |
| 2009 | 0.5057 US dollars, exchange rate converted | -9.2% |
| 2010 | 0.5507 US dollars, exchange rate converted | +8.9% |
| 2011 | 0.6182 US dollars, exchange rate converted | +12.3% |
| 2012 | 0.6442 US dollars, exchange rate converted | +4.2% |
| 2013 | 0.6958 US dollars, exchange rate converted | +8.0% |
| 2014 | 0.7651 US dollars, exchange rate converted | +10.0% |
| 2015 | 0.7616 US dollars, exchange rate converted | -0.5% |
| 2016 | 0.7503 US dollars, exchange rate converted | -1.5% |
| 2017 | 0.7852 US dollars, exchange rate converted | +4.6% |
| 2018 | 0.832 US dollars, exchange rate converted | +6.0% |
| 2019 | 0.7994 US dollars, exchange rate converted | -3.9% |
| 2020 | 0.4375 US dollars, exchange rate converted | -45.3% |
| 2021 | 0.6519 US dollars, exchange rate converted | +49.0% |
| 2022 | 0.7518 US dollars, exchange rate converted | +15.3% |
| 2023 | 0.8592 US dollars, exchange rate converted | +14.3% |
| 2024 | 0.9385 US dollars, exchange rate converted | +9.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.5314 US dollars, exchange rate converted | 0.5057 US dollars, exchange rate converted | 0.5625 US dollars, exchange rate converted | 5 |
| 2010s | 0.7202 US dollars, exchange rate converted | 0.5507 US dollars, exchange rate converted | 0.832 US dollars, exchange rate converted | 10 |
| 2020s | 0.7278 US dollars, exchange rate converted | 0.4375 US dollars, exchange rate converted | 0.9385 US dollars, exchange rate converted | 5 |
Countries ranked near Korea, Democratic People's Republic of
- 119 Kyrgyzstan 1.02 US dollars, exchange rate converted compare
- 120 Zambia 0.9781 US dollars, exchange rate converted compare
- 121 Afghanistan 0.9536 US dollars, exchange rate converted compare
- 123 Serbia 0.9238 US dollars, exchange rate converted compare
- 124 Brunei Darussalam 0.9216 US dollars, exchange rate converted compare
- 125 Bosnia and Herzegovina 0.917 US dollars, exchange rate converted compare
More economy & growth data for Korea, Democratic People's Republic of
- Tax revenues vs electoral democracy index 0.083 (2025)
- Human rights index vs gdp per capita 0.024 (2025)
- Immunization coverage against diphtheria tetanus and pertussis dtp3 vs 99 (2024)
- Value imports by region origin 99.91 million (2024)
- Chinas rank in imports of goods 1 (2024)
- Imf imports by region of origin 99.91 million (2024)
- Foreign aid received per capita vs gdp per capita 0.4916 (2024)
- Per capita egg consumption kilograms per year 4.41 (2018)
- Per capita milk consumption 3.5 (2018)
- Fruit consumption vs gdp per capita 58.61 (2018)
Frequently asked questions
- What is balanced trade in services in Korea, Democratic People's Republic of?
- Balanced trade in services in Korea, Democratic People's Republic of was 0.9385 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Korea, Democratic People's Republic of?
- The highest recorded value was 0.9385 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Korea, Democratic People's Republic of?
- The lowest recorded value was 0.4375 US dollars, exchange rate converted in 2020.
- How does Korea, Democratic People's Republic of rank for balanced trade in services?
- Korea, Democratic People's Republic of ranks 122nd out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Korea, Democratic People's Republic of?
- Over the last ten years it is up 22.7%. The long-run trend across the full record is rising.
- Where does this Korea, Democratic People's Republic of data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html