(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 1980 to 2018. The average value for South Korea during that period was 3436.81 million U.S. dollars with a minimum of 353.1 million U.S. dollars in 1980 and a maximum of 6305.5 million U.S. dollars in 2018.
The latest value from 2018 is 6305.5 million U.S. dollars. For comparison, the world average in 2018 based on 142
countries is 3051577604.53 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.