Republic of Korea - Service imports in current prices

135,728,500,000 (US dollars) in 2022

In 2022, service imports for Republic of Korea was 135,728 million US dollars. Service imports of Republic of Korea increased from 40,605 million US dollars in 2003 to 135,728 million US dollars in 2022 growing at an average annual rate of 7.25%.

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What is service imports?

Services (previously nonfactor services) refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies. Data are in current U.S. dollars.

What is Republic of Korea service imports?