Average remittance costs of sending $200 for a sending country as a in Korea
Korea: Average remittance costs of sending $200 for a sending country as a was 5.5% in 2025. ▼ Falling
Latest (2025)
5.5%
Change on year
down 2.1%
World rank
26th
of 52 countries
All-time high
6.4%
in 2011
All-time low
2.1%
in 2022
Years of data
11
2011–2025
Average remittance costs of sending $200 for a sending country as a in Korea, 2011–2025
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2025, average remittance costs of sending $200 for a sending country as a in Korea stood at 5.5%.
The figure is down 2.1% on the previous year and up 0.7% over ten years.
Over the whole period, average remittance costs of sending $200 for a sending country as a in Korea peaked at 6.4% in 2011 and was at its lowest, 2.1%, in 2022.
Korea ranks 26th of 52 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
Average remittance costs of sending $200 for a sending country as a in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2011 | 6.4% | — |
| 2015 | 5.4% | -14.6% |
| 2017 | 4.8% | -11.4% |
| 2018 | 5.1% | +5.4% |
| 2019 | 4.9% | -3.9% |
| 2020 | 4.7% | -2.7% |
| 2021 | 4.2% | -11.8% |
| 2022 | 2.1% | -50.5% |
| 2023 | 4.7% | +128.0% |
| 2024 | 5.6% | +18.4% |
| 2025 | 5.5% | -2.1% |
Korea compared with similar countries
- Korea's 5.5% is above the median for high income countries, which is 5.0%, 1.1× the median. (29 countries reporting)
- Korea's 5.5% is above the median for East Asia & Pacific, which is 5.5%, 1.0× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.3% | 4.8% | 6.4% | 5 |
| 2020s | 4.5% | 2.1% | 5.6% | 6 |
Countries ranked near Korea
- 23 New Zealand 6.0% compare
- 24 Netherlands (Kingdom of the) 5.5% compare
- 24 Saudi Arabia 5.5% compare
- 26 Republic of Korea 5.5% compare
- 28 Spain 5.4% compare
- 29 Canada 5.3% compare
More economy & growth data for Korea
- Foreign direct investment, net outflows (BoP, current US$), gaps 41.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.022 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 797.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.80 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.87 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0084 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 305.78 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.39 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.2332 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 8,447 includes gold, current US$ per person (2025)
Frequently asked questions
- What is average remittance costs of sending $200 for a sending country as a in Korea?
- Average remittance costs of sending $200 for a sending country as a in Korea was 5.5% in 2025, according to United Nations Statistics Division, SDG Global Database.
- What is the highest average remittance costs of sending $200 for a sending country as a recorded in Korea?
- The highest recorded value was 6.4% in 2011.
- What is the lowest average remittance costs of sending $200 for a sending country as a recorded in Korea?
- The lowest recorded value was 2.1% in 2022.
- How does Korea rank for average remittance costs of sending $200 for a sending country as a?
- Korea ranks 26th out of 52 countries with data for 2025.
- Is average remittance costs of sending $200 for a sending country as a rising or falling in Korea?
- Over the last ten years it is up 0.7%. The long-run trend across the full record is falling.
- Where does this Korea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Average remittance costs of sending $200 for a sending country as a proportion of the amount remitted (%). Statizoid updates them automatically from the source API.
Download this data
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