Republic of Korea vs Lower middle income: Primary income payments
Primary income payments over time
- Republic of Korea
- Lower middle income
How they compare
Lower middle income currently reports 203.24 billion BoP, current US$ against 45.10 billion BoP, current US$ in Republic of Korea, a difference of 158.14 billion BoP, current US$.
That makes Lower middle income's figure about 4.5 times Republic of Korea's.
Across all 45 years both countries report, Lower middle income has been ahead every year.
Republic of Korea ranks 26th and Lower middle income ranks 21st of 199 countries.
Lower middle income has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Republic of Korea | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 3.67 billion BoP, current US$ | 12.99 billion BoP, current US$ | 9.32 billion BoP, current US$ | Lower middle income |
| 1990s | 5.42 billion BoP, current US$ | 21.72 billion BoP, current US$ | 16.30 billion BoP, current US$ | Lower middle income |
| 2000s | 16.02 billion BoP, current US$ | 50.35 billion BoP, current US$ | 34.33 billion BoP, current US$ | Lower middle income |
| 2010s | 23.20 billion BoP, current US$ | 114.71 billion BoP, current US$ | 91.51 billion BoP, current US$ | Lower middle income |
| 2020s | 37.60 billion BoP, current US$ | 161.91 billion BoP, current US$ | 124.31 billion BoP, current US$ | Lower middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher primary income payments, Republic of Korea or Lower middle income?
- Lower middle income, at 203.24 billion BoP, current US$ against 45.10 billion BoP, current US$ in Republic of Korea as of 2024.
- What is the difference in primary income payments between Republic of Korea and Lower middle income?
- 158.14 billion BoP, current US$, with Lower middle income ahead.
- How many years of comparable data are there for Republic of Korea and Lower middle income?
- 45 years are reported by both, from 1980 to 2024.
- How do Republic of Korea and Lower middle income rank globally for primary income payments?
- Republic of Korea ranks 26th and Lower middle income ranks 21st of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Primary income payments (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments).This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.