South Korea posted a current account deficit of $4.52 billion in January, the Bank of Korea said on Friday – following the $2.68 billion surplus in December.
The goods account saw a 7.46 $billion deficit, down from the $1.54 billion surplus a year earlier.
The services account deficit increased to $3.27 billion, from $0.83 billion in January the year prior, owing to a decrease in the transport account surplus and an increase in the travel account deficit.
The primary income account surplus increased from $1.87 billion the year previously to $6.38 billion in January 2023.
The secondary income account saw a $0.16 billion deficit.
For comments and feedback contact: email@example.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.