Republic of Korea vs Low & middle income: Secondary income, other sectors, payments
Secondary income, other sectors, payments over time
- Republic of Korea
- Low & middle income
How they compare
Low & middle income currently reports 90.51 billion BoP, current US$ against 15.69 billion BoP, current US$ in Republic of Korea, a difference of 74.83 billion BoP, current US$.
That makes Low & middle income's figure about 5.8 times Republic of Korea's.
Across all 24 years both countries report, Low & middle income has been ahead every year.
Republic of Korea ranks 15th and Low & middle income ranks 16th of 198 countries.
Low & middle income has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Republic of Korea | Low & middle income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 8.10 billion BoP, current US$ | 24.85 billion BoP, current US$ | 16.75 billion BoP, current US$ | Low & middle income |
| 2010s | 12.87 billion BoP, current US$ | 67.94 billion BoP, current US$ | 55.07 billion BoP, current US$ | Low & middle income |
| 2020s | 13.59 billion BoP, current US$ | 79.31 billion BoP, current US$ | 65.72 billion BoP, current US$ | Low & middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher secondary income, other sectors, payments, Republic of Korea or Low & middle income?
- Low & middle income, at 90.51 billion BoP, current US$ against 15.69 billion BoP, current US$ in Republic of Korea as of 2024.
- What is the difference in secondary income, other sectors, payments between Republic of Korea and Low & middle income?
- 74.83 billion BoP, current US$, with Low & middle income ahead.
- How many years of comparable data are there for Republic of Korea and Low & middle income?
- 24 years are reported by both, from 2001 to 2024.
- How do Republic of Korea and Low & middle income rank globally for secondary income, other sectors, payments?
- Republic of Korea ranks 15th and Low & middle income ranks 16th of 198 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Secondary income, other sectors, payments (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. 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.