South Korea Has $3.05 Billion Current Account Deficit In August
By RTTNews Staff Writer ✉ | Published:
South Korea posted a current account deficit of $3.05 billion in August, the Bank of Korea said on Friday.
That follows the downwardly revised $0.79 billion surplus in July (originally $1.09 billion).
The goods account saw a $4.45 billion deficit, down from the $6.03 billion surplus a year earlier.
The services account had a $0.77 billion deficit, down from the $0.84 billion surplus one year earlier, owing to an increase in the debit of charges for the use of intellectual property.
The primary income account surplus increased from $0.64 billion in 2021 to $2.24 billion in August 2022, in line with an increase in the income on equity. The secondary income account saw a $0.07 billion deficit.
For comments and feedback contact: editorial@rttnews.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.
Responses