Services, Debit/Expenditure in Korea, Republic of
Korea, Republic of: Services, Debit/Expenditure was 162.65 billion in 2024. β² Rising
Services, Debit/Expenditure in Korea, Republic of, 2005β2024
Source: International Monetary Fund.
Analysis
In 2024, services, debit/expenditure in Korea, Republic of stood at 162.65 billion. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 6.7% on the previous year and up 41.2% over ten years.
Over the whole period, services, debit/expenditure in Korea, Republic of peaked at 162.65 billion in 2024 and was at its lowest, 59.52 billion, in 2005.
Korea, Republic of ranks 13th of 198 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 78.65 billion | 59.52 billion | 97.36 billion | 5 |
| 2010s | 114.70 billion | 96.92 billion | 133.05 billion | 10 |
| 2020s | 136.71 billion | 104.27 billion | 162.65 billion | 5 |
Countries ranked near Korea, Republic of
More trade data for Korea, Republic of
- Total current account debit/expenditure, Debit/Expenditure 818.03 billion (2024)
- Goods, Debit/Expenditure 596.07 billion (2024)
- Primary income, Debit/Expenditure 44.70 billion (2024)
- Secondary income, Debit/Expenditure 14.60 billion (2024)
- Total capital account debit/expenditure, Debit/Expenditure 200.90 million (2024)
Frequently asked questions
- What is services, debit/expenditure in Korea, Republic of?
- Services, debit/expenditure in Korea, Republic of was 162.65 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Korea, Republic of?
- The highest recorded value was 162.65 billion in 2024.
- What is the lowest services, debit/expenditure recorded in Korea, Republic of?
- The lowest recorded value was 59.52 billion in 2005.
- How does Korea, Republic of rank for services, debit/expenditure?
- Korea, Republic of ranks 13th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Korea, Republic of?
- Over the last ten years it is up 41.2%. The long-run trend across the full record is rising.
- Where does this Korea, Republic of data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.