UPDATE : 2018.9.23 SUN 08:15
상단여백
HOME Economy
ROK's current account surplus narrows to US$98.68 billion in 2016Central Bank data show

South Korea's current account surplus narrowed 6.8 percent in 2016 from a year earlier due mainly to a decline in oil prices, central bank data showed Friday.

The country's current account surplus reached US$98.68 billion in 2016, compared with a surplus of $105.94 billion a year earlier, according to the preliminary data from the Bank of Korea (BOK).

The figure represents a surplus for 58 months in a row. The current account is the biggest measure of cross-border trade.

The BOK said the service balance deficit widened to $17.61 billion in 2016 from $14.92 billion a year earlier.

In the primary income account, the country posted a surplus of $1.46 billion in 2016, compared with a surplus of $3.57 billion a year earlier.

Exports fell 5.7 percent on-year to $511.78 billion in 2016, and imports also dropped 7 percent to $391.33 billion. (Yonhap)

Jin Jae-yeon  edt@koeapost.com

<저작권자 © 코리아포스트, 무단 전재 및 재배포 금지>

icon인기기사
기사 댓글 0
전체보기
첫번째 댓글을 남겨주세요.
여백
여백
여백
Back to Top