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South Korea Current Account to GDP Ratio

South Korea's current account to GDP ratio reached 5.3% in 2024. This marks the highest level since 2016, a significant increase from 1.8% in 2023. The improvement is attributed to a strong recovery in goods exports which rose by 8.2% in 2024, leading to a trade surplus of $51.77 billion compared to a $10.3 billion deficit in the previous year. Exports of semiconductors surged by 43.9% year-on-year. Higher income from overseas investments including dividends and interest, also contributed to the current account balance. South Korea's record low current account to GDP was -10.5% in 1980 and its record high was 10.7% in 1998.

Yearly Historical Data (1980-2024)

(in %)
Year Current Account to GDP Ratio
2024 5.3%
2023 1.8%
2022 1.4%
2021 4.4%
2020 4.3%
2019 3.6%
2018 4.5%
2017 4.6%
2016 6.5%
2015 7.2%
2014 5.6%
2013 5.6%
2012 3.8%
2011 1.3%
2010 2.4%
2009 3.7%
2008 0.3%
2007 1.1%
2006 0.4%
2005 1.4%
2004 3.9%
2003 1.7%
2002 0.8%
2001 0.5%
2000 1.9%
1999 4.5%
1998 10.7%
1997 -1.8%
1996 -4%
1995 -1.8%
1994 -1%
1993 0.5%
1992 -0.7%
1991 -2.3%
1990 -0.9%
1989 1.7%
1988 6.6%
1987 6%
1986 2.4%
1985 -2.1%
1984 -1.8%
1983 -4%
1982 -7.1%
1981 -8.9%
1980 -10.5%
South Korea Current Account to GDP Ratio : Definition
South Korea's current account to GDP shows the nation's net lending or borrowing as a percentage of its gross domestic product. It's calculated by dividing the current account balance by the GDP. The current account includes trade in goods and services, net income and current transfers. A positive value indicates a surplus.
Indicator Last Value Prior Value Period
Debt to GDP Ratio 46.8% 45.5% Dec'24
Interest Rate 2.5% 2.5% Oct'25
Private Credit (% GDP) 176.12% 174.97% 2023