South Korea recorded its largest-ever monthly current account surplus of $38.61 billion in May, driven by a significant surge in semiconductor exports. This marks 37 consecutive months of surplus.
South Korea's current account surplus with the US decreased to $111.42 billion last year, marking the first decline in six years, primarily due to a wider service account deficit. Surpluses with China and Japan also widened.
Russia's current account surplus fell to $20.1 billion in January-April 2026 from $21 billion in the same period of 2025, according to the Bank of Russia. The surplus in April 2026 rose to $6.7 billion.
Russia's current account surplus decreased to $12.2 billion in Q1 2026 from $18.4 billion in Q1 2025, driven by a widening services deficit and a reduced income deficit, according to the Bank of Russia.
China's high savings rate and current account surplus are misunderstood as detrimental; instead, they finance worthwhile investments abroad, increasing China's wealth and future income, contrary to G7 and IMF views advocating for reduced savings and consumption-led growth.
SEOUL, May 8 (Yonhap) -- South Korea posted its largest-ever monthly current acc...
SEOUL, May 8 (Yonhap) -- South Korea posted its largest-ever monthly current acc...
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SEOUL, May 8 (Yonhap) -- South Korea posted its largest-ever monthly current acc...
