Republic of Korea vs Latin America & Caribbean: Primary income receipts
Primary income receipts over time
- Republic of Korea
- Latin America & Caribbean
How they compare
Latin America & Caribbean currently reports 118.89 billion BoP, current US$ against 73.02 billion BoP, current US$ in Republic of Korea, a difference of 45.88 billion BoP, current US$.
That makes Latin America & Caribbean's figure about 1.6 times Republic of Korea's.
Across all 46 years both countries report, Latin America & Caribbean has been ahead every year.
Republic of Korea ranks 20th and Latin America & Caribbean ranks 21st of 199 countries.
Latin America & Caribbean has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Republic of Korea | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 433.00 million BoP, current US$ | 7.02 billion BoP, current US$ | 6.58 billion BoP, current US$ | Latin America & Caribbean |
| 1980s | 1.23 billion BoP, current US$ | 10.82 billion BoP, current US$ | 9.59 billion BoP, current US$ | Latin America & Caribbean |
| 1990s | 3.24 billion BoP, current US$ | 17.38 billion BoP, current US$ | 14.14 billion BoP, current US$ | Latin America & Caribbean |
| 2000s | 12.19 billion BoP, current US$ | 31.79 billion BoP, current US$ | 19.60 billion BoP, current US$ | Latin America & Caribbean |
| 2010s | 29.22 billion BoP, current US$ | 51.48 billion BoP, current US$ | 22.25 billion BoP, current US$ | Latin America & Caribbean |
| 2020s | 58.43 billion BoP, current US$ | 90.16 billion BoP, current US$ | 31.73 billion BoP, current US$ | Latin America & Caribbean |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher primary income receipts, Republic of Korea or Latin America & Caribbean?
- Latin America & Caribbean, at 118.89 billion BoP, current US$ against 73.02 billion BoP, current US$ in Republic of Korea as of 2024.
- What is the difference in primary income receipts between Republic of Korea and Latin America & Caribbean?
- 45.88 billion BoP, current US$, with Latin America & Caribbean ahead.
- How many years of comparable data are there for Republic of Korea and Latin America & Caribbean?
- 46 years are reported by both, from 1979 to 2024.
- How do Republic of Korea and Latin America & Caribbean rank globally for primary income receipts?
- Republic of Korea ranks 20th and Latin America & Caribbean ranks 21st of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Primary income receipts (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Primary income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). 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.