South Korea Balance of Payment: Current Account: Residual Item

1975 - 2025 | Yearly | KRW bn | Organisation for Economic Co-operation and Development

South Korea Balance of Payment: Current Account: Residual Item data was reported at 9,703.840 KRW bn in 2025. This stayed constant from the previous number of 9,703.840 KRW bn for 2024. South Korea Balance of Payment: Current Account: Residual Item data is updated yearly, averaging 1,057.172 KRW bn from Dec 1975 to 2025, with 51 observations. The data reached an all-time high of 17,245.468 KRW bn in 2023 and a record low of -2,818.332 KRW bn in 1996. South Korea Balance of Payment: Current Account: Residual Item data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Balance of Payments: Current Account: Forecast: OECD Member: Annual. CBR-Current account balance, residual item CBR measures the discrepancy which may still persist between data (on goods and services, exports and imports) according to the balance of payments and those according to the national accounts, despite the new standard methodology BPM6/SNA2008/ESA2010 requiring full consistency. Data are expressed in local currency OECD Economic Outlook, Database Inventory: http://www.oecd.org/eco/outlook/Database_Inventory.pdf

View South Korea's South Korea Balance of Payment: Current Account: Residual Item from 1975 to 2025 in the chart:

South Korea South Korea Balance of Payment: Current Account: Residual Item

What was South Korea's South Korea Balance of Payment: Current Account: Residual Item in 2025?

Last Previous Min Max Unit Frequency Range
9,703.840 2025 9,703.840 2024 -2,818.332 1996 17,245.468 2023 KRW bn yearly 1975 - 2025

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National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 70,250.328 2028 yearly 1980 - 2028
Forecast: Nominal GDP Per Capita (USD) 41,380.693 2028 yearly 1980 - 2028
Forecast: Real GDP Growth (%) 2.340 2027 yearly 1980 - 2027
GDP Deflator Growth (%) 1.4 Mar 2023 quarterly Mar 1961 - Mar 2023
GDP per Capita (USD) 33,127.800 2023 yearly 1953 - 2023
Gross Fixed Capital Formation (USD mn) 135,794.261 Dec 2023 quarterly Mar 1960 - Dec 2023
Gross National Product (GNP) (USD mn) 451,462.336 Dec 2023 quarterly Mar 1960 - Dec 2023
Gross Savings Rate (%) 34.0 Dec 2022 quarterly Mar 1970 - Dec 2022
Investment: % of GDP (%) 31.7 Dec 2023 quarterly Mar 1960 - Dec 2023
Nominal GDP (USD mn) 429,247.3 Mar 2023 quarterly Mar 1960 - Mar 2023
Nominal GDP Growth (%) 5.780 Dec 2023 quarterly Mar 1961 - Dec 2023
Private Consumption Expenditure (USD mn) 210,379.239 Dec 2023 quarterly Mar 1960 - Dec 2023
Private Consumption: % of GDP (%) 48.1 Dec 2023 quarterly Mar 1960 - Dec 2023
Public Consumption Expenditure (USD mn) 80,138.911 Dec 2023 quarterly Mar 1960 - Dec 2023
Public Consumption: % of GDP (%) 17.6 Dec 2023 quarterly Mar 1960 - Dec 2023
Real GDP Growth (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Total Trade of Goods & Services: % of Nominal GDP (%) 87.660 Dec 2023 quarterly Mar 1960 - Dec 2023
Production Last Frequency Range
Gold Production (kg) 128.000 2022 yearly 1990 - 2022
Industrial Production Index Growth (%) 9.9 Feb 2024 monthly Jan 1958 - Feb 2024
Minerals Production (Metric Ton) 5,520,318.000 2022 yearly 2009 - 2022
Motor Vehicle Production (Unit) 4,243,597.000 2023 yearly 1997 - 2023
Silver Production (Metric Ton) 5.800 2021 yearly 1986 - 2021
Construction and Properties Last Frequency Range
Building Permits (Unit) 11,406.000 Mar 2024 monthly Oct 1979 - Mar 2024
House Prices Growth (%) -2.1 Mar 2024 monthly Jan 1987 - Mar 2024
Nominal Residential Property Price Index (2010=100) 142.853 Dec 2023 quarterly Mar 1975 - Dec 2023
Nominal Residential Property Price Index Growth (%) -5.627 Dec 2023 quarterly Mar 1976 - Dec 2023
Real Residential Property Price Index (2010=100) 109.308 Dec 2023 quarterly Mar 1975 - Dec 2023
Real Residential Property Price Index Growth (%) -8.734 Dec 2023 quarterly Mar 1976 - Dec 2023
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.6 Dec 2023 quarterly Jun 2000 - Dec 2023
Forecast: Government Expenditure (KRW bn) 679,848.650 2028 yearly 1995 - 2028
Forecast: Government Net Debt (KRW bn) 1,715,144.394 2029 yearly 1990 - 2029
Forecast: Government Revenue (KRW bn) 679,687.380 2028 yearly 1995 - 2028
Government Debt: % of GDP (%) 48.9 Dec 2023 quarterly Sep 2002 - Dec 2023
National Government Debt (USD mn) 816,255.2 Mar 2024 quarterly Sep 2002 - Mar 2024
Tax Revenue (USD mn) 9,088.625 Feb 2024 monthly Jan 2000 - Feb 2024
Consolidated Fiscal Balance (USD mn) -30,900.574 Feb 2024 monthly Jul 1999 - Feb 2024
Tax Revenue: % of GDP (%) 22.7 Dec 2023 quarterly Mar 2000 - Dec 2023
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 28,571,000.000 Mar 2024 monthly Jan 1983 - Mar 2024
Forecast: Employment (Person mn) 28.727 2024 yearly 1980 - 2024
Forecast: Population (Person mn) 51.305 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 3.100 2029 yearly 1980 - 2029
Labour Force Participation Rate (%) 64.3 Mar 2024 monthly Jun 1999 - Mar 2024
Labour Productivity Growth (%) 1.11 Dec 2023 quarterly Sep 1983 - Dec 2023
Monthly Earnings (USD) 3,235 Jan 2024 monthly Jan 2008 - Jan 2024
Population (Person mn) 51.7 2023 yearly 1956 - 2023
Unemployment Rate (%) 2.80 Mar 2024 monthly Jun 1999 - Mar 2024

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