Imports of services as a part of balance of payment reached 126 USD bil in 2017 in South Korea, according to the National Statistical Office. This is 12.7 % more than in the previous year.
Historically, imports of services as a part of balance of payment in South Korea reached an all time high of 126 USD bil in 2017 and an all time low of 1.19 USD bil in 1976. When compared to South Korea's main peers, imports of services as a part of balance of payment in China amounted to 472 USD bil, 193 USD bil in Japan and 17.0 USD bil in Vietnam in 2017.
South Korea has been ranked 12th within the group of 156 countries we follow in terms of imports of services as a part of balance of payment.
Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.
|Imports of Services (BoP, USD)||Unit||2009||2010||2011||2012||2013||2014||2015||2016||2017|
|Dem. People's Republic of Korea||USD bil||...||...||...||...||...||...||...||...||...|
|South Korea||USD bil||103||108||110||115||112|