Republic of Korea vs Sub-Saharan Africa: Primary income payments
Primary income payments over time
- Republic of Korea
- Sub-Saharan Africa
How they compare
Sub-Saharan Africa currently reports 84.50 billion BoP, current US$ against 45.10 billion BoP, current US$ in Republic of Korea, a difference of 39.41 billion BoP, current US$.
That makes Sub-Saharan Africa's figure about 1.9 times Republic of Korea's.
Across all 46 years both countries report, Sub-Saharan Africa has been ahead every year.
Republic of Korea ranks 26th and Sub-Saharan Africa ranks 31st of 200 countries.
Sub-Saharan Africa has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Republic of Korea | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 1.52 billion BoP, current US$ | 5.46 billion BoP, current US$ | 3.94 billion BoP, current US$ | Sub-Saharan Africa |
| 1980s | 3.67 billion BoP, current US$ | 9.30 billion BoP, current US$ | 5.63 billion BoP, current US$ | Sub-Saharan Africa |
| 1990s | 5.42 billion BoP, current US$ | 12.00 billion BoP, current US$ | 6.58 billion BoP, current US$ | Sub-Saharan Africa |
| 2000s | 16.02 billion BoP, current US$ | 32.24 billion BoP, current US$ | 16.22 billion BoP, current US$ | Sub-Saharan Africa |
| 2010s | 23.20 billion BoP, current US$ | 68.62 billion BoP, current US$ | 45.42 billion BoP, current US$ | Sub-Saharan Africa |
| 2020s | 37.60 billion BoP, current US$ | 79.18 billion BoP, current US$ | 41.57 billion BoP, current US$ | Sub-Saharan Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher primary income payments, Republic of Korea or Sub-Saharan Africa?
- Sub-Saharan Africa, at 84.50 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 Sub-Saharan Africa?
- 39.41 billion BoP, current US$, with Sub-Saharan Africa ahead.
- How many years of comparable data are there for Republic of Korea and Sub-Saharan Africa?
- 46 years are reported by both, from 1979 to 2024.
- How do Republic of Korea and Sub-Saharan Africa rank globally for primary income payments?
- Republic of Korea ranks 26th and Sub-Saharan Africa ranks 31st of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Primary income payments (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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.