Historical Year Data · 2022
South Korea Current Account (% GDP, WEO) in 2022
South Korea Current Account (% GDP, WEO) opened 2022 at 1.29% and closed at 1.29%, a +0.00% move for the year. The high of 1.29% was reached on December 31, and the low of 1.29% on December 31.
Open
1.29%
2022-01
Close
1.29%
1 data points
High
1.29%
Dec 31
Low
1.29%
Dec 31
Full Year Change
+0.00%
2021 Change
+0.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Dec | 1.29% | 1.29% | 1.29% | 1.29% | +0.00% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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