In 2017, current account balance as a share of GDP for Republic of Korea was 5.1 %. Though Republic of Korea current account balance as a share of GDP fluctuated substantially in recent years, it tended to increase through 1998 - 2017 period ending at 5.1 % in 2017.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.