Current account balance as a share of GDP in Republic of Korea
Republic of Korea: Current account balance as a share of GDP was 5.3% in 2024. ◆ Volatile
Current account balance as a share of GDP in Republic of Korea, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Republic of Korea is 5.3%, measured in 2024.
The figure is up 196.6% on the previous year and down 1.1% over ten years.
Over the whole period, current account balance as a share of gdp in Republic of Korea peaked at 6.8% in 2015 and was at its lowest, 0.2%, in 2008.
That places Republic of Korea 36th out of 193 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a share of GDP in Republic of Korea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 1.7% | — |
| 2001 | 0.4% | -77.6% |
| 2002 | 0.6% | +65.8% |
| 2003 | 1.6% | +146.0% |
| 2004 | 3.6% | +129.7% |
| 2005 | 1.3% | -64.6% |
| 2006 | 0.2% | -84.9% |
| 2007 | 0.9% | +352.6% |
| 2008 | 0.2% | -81.4% |
| 2009 | 3.4% | +2006.2% |
| 2010 | 2.3% | -30.6% |
| 2011 | 1.3% | -45.7% |
| 2012 | 3.6% | +187.4% |
| 2013 | 5.4% | +47.7% |
| 2014 | 5.3% | -0.9% |
| 2015 | 6.8% | +27.9% |
| 2016 | 6.2% | -9.2% |
| 2017 | 4.4% | -29.0% |
| 2018 | 4.2% | -3.4% |
| 2019 | 3.4% | -19.8% |
| 2020 | 4.3% | +27.6% |
| 2021 | 4.4% | +0.9% |
| 2022 | 1.4% | -67.2% |
| 2023 | 1.8% | +23.6% |
| 2024 | 5.3% | +196.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.4% | 0.2% | 3.6% | 10 |
| 2010s | 4.3% | 1.3% | 6.8% | 10 |
| 2020s | 3.4% | 1.4% | 5.3% | 5 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Gross value added at basic prices (GVA) (current US$), annual growth 0.0121 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9302 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 33,699 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.34 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,323 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 47.93 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.17 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9641 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 34,925 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.17 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Republic of Korea?
- Current account balance as a share of gdp in Republic of Korea was 5.3% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Republic of Korea?
- The highest recorded value was 6.8% in 2015.
- What is the lowest current account balance as a share of gdp recorded in Republic of Korea?
- The lowest recorded value was 0.2% in 2008.
- How does Republic of Korea rank for current account balance as a share of gdp?
- Republic of Korea ranks 36th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Republic of Korea?
- Over the last ten years it is down 1.1%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).