Services, Debit/Expenditure in South Korea
South Korea: Services, Debit/Expenditure was 162.65 billion in 2024. ▲ Rising
Services, Debit/Expenditure in South Korea, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, debit/expenditure in South Korea 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 South Korea peaked at 162.65 billion in 2024 and was at its lowest, 59.52 billion, in 2005.
South Korea 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.
Services, Debit/Expenditure in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 59.52 billion | — |
| 2006 | 70.05 billion | +17.7% |
| 2007 | 84.45 billion | +20.6% |
| 2008 | 97.36 billion | +15.3% |
| 2009 | 81.88 billion | -15.9% |
| 2010 | 96.92 billion | +18.4% |
| 2011 | 102.62 billion | +5.9% |
| 2012 | 108.19 billion | +5.4% |
| 2013 | 109.65 billion | +1.4% |
| 2014 | 115.19 billion | +5.1% |
| 2015 | 112.12 billion | -2.7% |
| 2016 | 112.15 billion | +0.0% |
| 2017 | 126.44 billion | +12.7% |
| 2018 | 133.05 billion | +5.2% |
| 2019 | 130.68 billion | -1.8% |
| 2020 | 104.27 billion | -20.2% |
| 2021 | 125.23 billion | +20.1% |
| 2022 | 138.89 billion | +10.9% |
| 2023 | 152.49 billion | +9.8% |
| 2024 | 162.65 billion | +6.7% |
South Korea compared with similar countries
- South Korea's 162.65 billion is above the median for high income countries, which is 18.44 billion, 8.8× the median. (72 countries reporting)
- South Korea's 162.65 billion is above the median for East Asia & Pacific, which is 2.40 billion, 67.9× the median. (33 countries reporting)
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 South Korea
More trade data for South Korea
- Commodity Net Export Price Index, Individual Commodities Weighted by 120.92 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 102.62 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 99.43 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 83.23 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 96.89 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 76.09 (2025)
- Imports of low carbon technology products, Percent of GDP 1.9 (2024)
- Imports of low carbon technology products, US dollar (World), per 690.16 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.019 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 57.00 billion (2024)
Frequently asked questions
- What is services, debit/expenditure in South Korea?
- Services, debit/expenditure in South Korea was 162.65 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in South Korea?
- The highest recorded value was 162.65 billion in 2024.
- What is the lowest services, debit/expenditure recorded in South Korea?
- The lowest recorded value was 59.52 billion in 2005.
- How does South Korea rank for services, debit/expenditure?
- South Korea ranks 13th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in South Korea?
- Over the last ten years it is up 41.2%. The long-run trend across the full record is rising.
- Where does this South Korea 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.