South Korea: Remittances

For that indicator, we provide data for South Korea from 1976 to 2021. The average value for South Korea during that period was 3346.72 million U.S. dollars with a minimum of 0 million U.S. dollars in 1976 and a maximum of 6853.2 million U.S. dollars in 2021. The latest value from 2021 is 6853.2 million U.S. dollars. For comparison, the world average in 2021 based on 132 countries is 3715.25 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.