South Korea: Remittances

* indicates monthly or quarterly data series
 South Korea

Remittances, million USD

 Latest value 7109.1
 Year 2022
 Measure million U.S. dollars
 Data availability 1980 - 2022
 Average 3746.51
 Min - Max 353.1 - 7109.1
 Source The World Bank
For that indicator, we provide data for South Korea from 1980 to 2022. The average value for South Korea during that period was 3746.51 million U.S. dollars with a minimum of 353.1 million U.S. dollars in 1980 and a maximum of 7109.1 million U.S. dollars in 2022. The latest value from 2022 is 7109.1 million U.S. dollars. For comparison, the world average in 2022 based on 97 countries is 4900.03 million U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
South Korea - Remittances - recent values

Historical chart
South Korea - Remittances - historical chart - 1980-2022

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.

 Related indicators Latest value Reference Measure
 Terms of trade 92.30 2021 percent
 Trade openness 97.04 2022 percent
 Exports, percent of GDP 48.26 2022 percent
 Exports, billion dollars 808.03 2022 billion U.S. dollars
 Growth of exports 3.43 2022 percent
 Imports, percent of GDP 48.53 2022 percent
 Imports, billion dollars 807.91 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.08 2022 percent
 Foreign Direct Investment, billion dollars 18.00 2022 billion U.S. dollars
 Portfolio investment inflows, equities -4,750.70 2022 million dollars (current)
 Current account, percent of GDP 3.50 2022 percent
 Current account, in dollars 29.83 2022 billion U.S. dollars
 Trade balance, percent of GDP 0.01 2022 percent
 Trade balance, in dollars 9.51 2022 billion U.S. dollars
 Reserves 423.37 2022 billion U.S. dollars
 Remittances, percent of GDP 0.47 2022 percent
 Remittances 7,109.10 2022 million U.S. dollars
 Net errors and omissions 9,001.20 2022 million USD
 Foreign exchange reserves 414.10 9/2023 billion
This site uses cookies.
Learn more here