Republic of Korea vs Sub-Saharan Africa (IDA & IBRD countries): Personal remittances, received
Personal remittances, received over time
- Republic of Korea
- Sub-Saharan Africa (IDA & IBRD countries)
How they compare
Sub-Saharan Africa (IDA & IBRD countries) currently reports 30.75 billion current US$ against 7.07 billion current US$ in Republic of Korea, a difference of 23.68 billion current US$.
That makes Sub-Saharan Africa (IDA & IBRD countries)'s figure about 4.3 times Republic of Korea's.
The two have swapped places 8 times across 50 shared years of data; in 1976 it was Sub-Saharan Africa (IDA & IBRD countries) ahead.
Republic of Korea ranks 30th and Sub-Saharan Africa (IDA & IBRD countries) ranks 35th of 197 countries.
Across the 6 decades both report, Republic of Korea averaged higher in 1 and Sub-Saharan Africa (IDA & IBRD countries) in 5.
Head to head by decade
| Decade | Republic of Korea | Sub-Saharan Africa (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 89.00 million current US$ | 669.12 million current US$ | 580.12 million current US$ | Sub-Saharan Africa (IDA & IBRD countries) |
| 1980s | 1.36 billion current US$ | 1.77 billion current US$ | 413.57 million current US$ | Sub-Saharan Africa (IDA & IBRD countries) |
| 1990s | 3.38 billion current US$ | 3.17 billion current US$ | 210.50 million current US$ | Republic of Korea |
| 2000s | 5.42 billion current US$ | 15.28 billion current US$ | 9.87 billion current US$ | Sub-Saharan Africa (IDA & IBRD countries) |
| 2010s | 6.59 billion current US$ | 40.20 billion current US$ | 33.61 billion current US$ | Sub-Saharan Africa (IDA & IBRD countries) |
| 2020s | 7.44 billion current US$ | 46.27 billion current US$ | 38.83 billion current US$ | Sub-Saharan Africa (IDA & IBRD countries) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher personal remittances, received, Republic of Korea or Sub-Saharan Africa (IDA & IBRD countries)?
- Sub-Saharan Africa (IDA & IBRD countries), at 30.75 billion current US$ against 7.07 billion current US$ in Republic of Korea as of 2025.
- What is the difference in personal remittances, received between Republic of Korea and Sub-Saharan Africa (IDA & IBRD countries)?
- 23.68 billion current US$, with Sub-Saharan Africa (IDA & IBRD countries) ahead.
- How many years of comparable data are there for Republic of Korea and Sub-Saharan Africa (IDA & IBRD countries)?
- 50 years are reported by both, from 1976 to 2025.
- How do Republic of Korea and Sub-Saharan Africa (IDA & IBRD countries) rank globally for personal remittances, received?
- Republic of Korea ranks 30th and Sub-Saharan Africa (IDA & IBRD countries) ranks 35th of 197 countries.
- Where does this data come from?
- IMF balance of payments data, International Monetary Fund (IMF), published as Personal remittances, received (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Personal remittances comprise personal transfers and compensation of employees. 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. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.