(measure: million U.S. dollars; Source: The World Bank)
* indicates monthly or quarterly data series
South Korea: Remittances, million USD
For that indicator, we provide data for South Korea from 1976 to 2019. The average value for South Korea during that period was 3191.2 million U.S. dollars with a minimum of 0 million U.S. dollars in 1976 and a maximum of 6377.6 million U.S. dollars in 2019.
The latest value from 2019 is 6377.6 million U.S. dollars. For comparison, the world average in 2019 based on 109
countries is 3769.86 million U.S. dollars.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
Definition: Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Data are in current U.S. dollars.