External balance on goods and services (current US$), annual growth in Republic of Korea
Republic of Korea: External balance on goods and services (current US$), annual growth was 26.56 % change on previous year in 2025. ◆ Volatile
Latest (2025)
26.56 % change on previous year
Change on year
down 97.3%
World rank
38th
of 192 countries
All-time high
975.86 % change on previous year
in 2024
All-time low
-390.49 % change on previous year
in 1994
Years of data
63
1961–2025
External balance on goods and services (current US$), annual growth in Republic of Korea, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, external balance on goods and services (current us$), annual growth in Republic of Korea stood at 26.56 % change on previous year.
Compared with earlier readings it is down 97.3% on the previous year and down 32.8% over ten years.
Over the whole period, external balance on goods and services (current us$), annual growth in Republic of Korea peaked at 975.86 % change on previous year in 2024 and was at its lowest, -390.49 % change on previous year, in 1994.
Republic of Korea ranks 38th of 192 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current US$), annual growth in Republic of Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 35.09 % change on previous year | — |
| 1962 | -37.73 % change on previous year | -207.5% |
| 1963 | -29.37 % change on previous year | -22.2% |
| 1964 | 39.87 % change on previous year | -235.7% |
| 1965 | 12.56 % change on previous year | -68.5% |
| 1966 | -71.08 % change on previous year | -665.8% |
| 1967 | -33.61 % change on previous year | -52.7% |
| 1968 | -49 % change on previous year | +45.8% |
| 1969 | -18.93 % change on previous year | -61.4% |
| 1970 | 3.67 % change on previous year | -119.4% |
| 1971 | -17.51 % change on previous year | -577.3% |
| 1972 | 48.02 % change on previous year | -374.2% |
| 1973 | 0.8933 % change on previous year | -98.1% |
| 1974 | -312.48 % change on previous year | -35081.4% |
| 1975 | 12.22 % change on previous year | -103.9% |
| 1976 | 54.39 % change on previous year | +345.2% |
| 1977 | 14.11 % change on previous year | -74.1% |
| 1978 | -200.03 % change on previous year | -1517.6% |
| 1979 | -118.92 % change on previous year | -40.5% |
| 1980 | -18.23 % change on previous year | -84.7% |
| 1981 | 5.92 % change on previous year | -132.5% |
| 1982 | 18.97 % change on previous year | +220.5% |
| 1983 | 54.1 % change on previous year | +185.2% |
| 1984 | 113.14 % change on previous year | +109.1% |
| 1985 | 249.49 % change on previous year | +120.5% |
| 1986 | 352.5 % change on previous year | +41.3% |
| 1987 | 124.4 % change on previous year | -64.7% |
| 1988 | 28.09 % change on previous year | -77.4% |
| 1989 | -66.21 % change on previous year | -335.7% |
| 1990 | -160.43 % change on previous year | +142.3% |
| 1991 | -216.62 % change on previous year | +35.0% |
| 1992 | 68.18 % change on previous year | -131.5% |
| 1993 | 147.82 % change on previous year | +116.8% |
| 1994 | -390.49 % change on previous year | -364.2% |
| 1995 | -104.25 % change on previous year | -73.3% |
| 1996 | -193.42 % change on previous year | +85.5% |
| 1997 | 73.24 % change on previous year | -137.9% |
| 1998 | 820.7 % change on previous year | +1020.5% |
| 1999 | -34.37 % change on previous year | -104.2% |
| 2000 | -62.29 % change on previous year | +81.2% |
| 2001 | -26.16 % change on previous year | -58.0% |
| 2002 | -5.65 % change on previous year | -78.4% |
| 2003 | 53.58 % change on previous year | -1047.6% |
| 2004 | 153.96 % change on previous year | +187.4% |
| 2005 | -25.26 % change on previous year | -116.4% |
| 2006 | -72.08 % change on previous year | +185.3% |
| 2007 | 63.83 % change on previous year | -188.6% |
| 2008 | -145.83 % change on previous year | -328.5% |
| 2010 | -21.66 % change on previous year | -85.1% |
| 2011 | -61.58 % change on previous year | +184.3% |
| 2012 | 193.01 % change on previous year | -413.4% |
| 2013 | 82.63 % change on previous year | -57.2% |
| 2014 | 17.07 % change on previous year | -79.3% |
| 2015 | 39.55 % change on previous year | +131.7% |
| 2016 | -0.8809 % change on previous year | -102.2% |
| 2017 | -22.87 % change on previous year | +2495.9% |
| 2018 | -0.6334 % change on previous year | -97.2% |
| 2019 | -39.73 % change on previous year | +6171.4% |
| 2020 | 39.28 % change on previous year | -198.9% |
| 2021 | 1.88 % change on previous year | -95.2% |
| 2022 | -99.87 % change on previous year | -5426.6% |
| 2024 | 975.86 % change on previous year | -1077.1% |
| 2025 | 26.56 % change on previous year | -97.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -16.91 % change on previous year | -71.08 % change on previous year | 39.87 % change on previous year | 9 |
| 1970s | -51.56 % change on previous year | -312.48 % change on previous year | 54.39 % change on previous year | 10 |
| 1980s | 86.22 % change on previous year | -66.21 % change on previous year | 352.5 % change on previous year | 10 |
| 1990s | 1.04 % change on previous year | -390.49 % change on previous year | 820.7 % change on previous year | 10 |
| 2000s | -7.32 % change on previous year | -145.83 % change on previous year | 153.96 % change on previous year | 9 |
| 2010s | 18.49 % change on previous year | -61.58 % change on previous year | 193.01 % change on previous year | 10 |
| 2020s | 188.74 % change on previous year | -99.87 % change on previous year | 975.86 % change on previous year | 5 |
Countries ranked near Republic of Korea
- 35 Bhutan 27.14 % change on previous year compare
- 36 Costa Rica 26.87 % change on previous year compare
- 37 Chad 26.63 % change on previous year compare
- 39 Mexico 26.16 % change on previous year compare
- 40 American Samoa 25.97 % change on previous year compare
- 41 Brazil 24.74 % change on previous year compare
More economy & growth data for Republic of Korea
- Imports of goods and services (constant 2015 US$), annual growth rate 3.84 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3902 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 14,137 constant 2015 US$ per person (2025)
- External balance on goods and services (current LCU), annual growth 32.05 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 4.59 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 20.83 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 754,550 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 1.45 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0147 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 532.47 constant 2015 US$ per person (2025)
Frequently asked questions
- What is external balance on goods and services (current us$), annual growth in Republic of Korea?
- External balance on goods and services (current us$), annual growth in Republic of Korea was 26.56 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest external balance on goods and services (current us$), annual growth recorded in Republic of Korea?
- The highest recorded value was 975.86 % change on previous year in 2024.
- What is the lowest external balance on goods and services (current us$), annual growth recorded in Republic of Korea?
- The lowest recorded value was -390.49 % change on previous year in 1994.
- How does Republic of Korea rank for external balance on goods and services (current us$), annual growth?
- Republic of Korea ranks 38th out of 192 countries with data for 2025.
- Is external balance on goods and services (current us$), annual growth rising or falling in Republic of Korea?
- Over the last ten years it is down 32.8%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Statizoid (derived), published as part of External balance on goods and services (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in External balance on goods and services (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.