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Historical Year Data · 2014

South Korea Current Account (% GDP, WEO) in 2014

South Korea Current Account (% GDP, WEO) opened 2014 at 5.34% and closed at 5.34%, a +0.00% move for the year. The high of 5.34% was reached on December 31, and the low of 5.34% on December 31.

Open
5.34%
2014-01
Close
5.34%
1 data points
High
5.34%
Dec 31
Low
5.34%
Dec 31
Full Year Change
+0.00%
2013 Change
+0.00%

Monthly Breakdown

MonthOpenCloseHighLowChange
Dec5.34%5.34%5.34%5.34%+0.00%

Events During 2014

2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016

Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.

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