South Korea - Current Account Balance
South Korea: Current Account Balance
| Mnemonic | TAB.IKOR | |
|---|---|---|
| Unit | Mil. USD, NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Monthly | 23.67 % | |
| Data | Nov 2019 | 5,974 |
| Oct 2019 | 7,827 | |
Series Information
| Source | The Bank of Korea |
| Release | Balance of Payments |
| Frequency | Monthly |
| Start Date | 1/31/1980 |
| End Date | 11/30/2019 |
South Korea: Trade
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Balance of Goods | Dec 2019 | 2,017,000 | 3,336,000 | Ths. US$, NSA | Monthly |
| Exports of Goods | Dec 2019 | 45,716,000 | 44,053,000 | Ths. US$ NSA | Monthly |
| Imports of Goods | Dec 2019 | 43,699,000 | 40,717,000 | Ths. US$ NSA | Monthly |
| Real Exports of Goods and Services | 2019 Q4 | 201,496 | 201,755 | Bil. Ch. 2015 KRW, SA | Quarterly |
| Real Imports of Goods and Services | 2019 Q4 | 174,073 | 174,097 | Bil. Ch. 2015 KRW, SA | Quarterly |
| Real Net Exports | 2019 Q4 | 27,422 | 27,657 | Bil. Ch. 2015 KRW, SA | Quarterly |
| Current Account Balance | Nov 2019 | 5,974 | 7,827 | Mil. USD, NSA | Monthly |
| Exports of Goods and Services | 2019 Q3 | 196,121 | 191,823 | Bil. KRW, SA | Quarterly |
| Imports of Goods and Services | 2019 Q3 | 180,798 | 181,346 | Bil. KRW, SA | Quarterly |
| Net Exports | 2019 Q3 | 15,322 | 10,476 | Bil KRW, SA | Quarterly |
Release Information
The Balance of Payments statistics are published by the Central Bank of Korea (BOK) on a monthly basis and are disseminated according to the IMF's sixth edition of the Balance of Payments Manual standard (BPM6) in time series format. The BOK provides bilateral balance of payment statistics, for both current account and capital and financial account, and seasonally adjusted current account statistics. Quarterly from 1980.
BOP concepts and definitions are broadly consistent with the recommendations of the IMF BPM6 framework. In particular,
- Current, capital, and financial accounts of the balance of payments statement are defined according to the guidelines of the BPM6, and the current account balance is equal (with sign reversed) to the net capital and financial account balance.
- In constructing the balance of payments statement, a double-entry system is applied as a basic principle, and the net residual is embedded in the errors and omissions item.
- A clear distinction is made between the income component and the goods and services components.
- The financial account provides for a separate recording of transactions in assets and transactions in liabilities.
- The directional principle is applied in recording foreign direct investment.
The data are split up in four main headings:
- Current account: goods and services, income and current transfers;
- Capital and financial accounts: capital transfers and other (that includes information of the acquisition/disposal of nonproduced nonfinancial assets) in the capital account; and direct investment, portfolio investment, financial derivatives, and other investment in the financial account;
- Change in reserve assets; and
- Net errors and omissions.
At the IMF:
- Korea - Balance of payments (SDDS entry)
