Republic of Korea vs Upper middle income: Secondary income, other sectors, payments
Secondary income, other sectors, payments over time
- Republic of Korea
- Upper middle income
How they compare
Upper middle income currently reports 63.78 billion BoP, current US$ against 15.69 billion BoP, current US$ in Republic of Korea, a difference of 48.09 billion BoP, current US$.
That makes Upper middle income's figure about 4.1 times Republic of Korea's.
Across all 26 years both countries report, Upper middle income has been ahead every year.
Republic of Korea ranks 15th and Upper middle income ranks 18th of 198 countries.
Upper middle income has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Republic of Korea | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.11 billion BoP, current US$ | 5.96 billion BoP, current US$ | 2.85 billion BoP, current US$ | Upper middle income |
| 2000s | 7.70 billion BoP, current US$ | 14.31 billion BoP, current US$ | 6.61 billion BoP, current US$ | Upper middle income |
| 2010s | 12.87 billion BoP, current US$ | 44.40 billion BoP, current US$ | 31.53 billion BoP, current US$ | Upper middle income |
| 2020s | 13.59 billion BoP, current US$ | 53.61 billion BoP, current US$ | 40.02 billion BoP, current US$ | Upper 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 Upper middle income?
- Upper middle income, at 63.78 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 Upper middle income?
- 48.09 billion BoP, current US$, with Upper middle income ahead.
- How many years of comparable data are there for Republic of Korea and Upper middle income?
- 26 years are reported by both, from 1999 to 2024.
- How do Republic of Korea and Upper middle income rank globally for secondary income, other sectors, payments?
- Republic of Korea ranks 15th and Upper middle income ranks 18th of 198 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Secondary income, other sectors, payments (BoP, current US$). 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.