Average remittance costs of sending $200 for a sending country as a in Republic of Korea
Republic of Korea: Average remittance costs of sending $200 for a sending country as a was 5.5% in 2025. ▼ Falling
Average remittance costs of sending $200 for a sending country as a in Republic of 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 Republic of Korea stood at 5.5%.
Compared with earlier readings it 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 Republic of Korea peaked at 6.4% in 2011 and was at its lowest, 2.1%, in 2022.
That places Republic of Korea 26th out of 52 countries with data for 2025, putting it 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 $200 for a sending country as a in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2011 | 6.4% | — |
| 2015 | 5.4% | -14.6% |
| 2017 | 4.8% | -11.4% |
| 2018 | 5.1% | +5.4% |
| 2019 | 4.9% | -3.9% |
| 2020 | 4.7% | -2.7% |
| 2021 | 4.2% | -11.8% |
| 2022 | 2.1% | -50.5% |
| 2023 | 4.7% | +128.0% |
| 2024 | 5.6% | +18.4% |
| 2025 | 5.5% | -2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.3% | 4.8% | 6.4% | 5 |
| 2020s | 4.5% | 2.1% | 5.6% | 6 |
Countries ranked near Republic of Korea
- 23 New Zealand 6.0% compare
- 24 Netherlands (Kingdom of the) 5.5% compare
- 24 Saudi Arabia 5.5% compare
- 26 South Korea 5.5% compare
- 28 Spain 5.4% compare
- 29 Canada 5.3% compare
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
Frequently asked questions
- What is average remittance costs of sending $200 for a sending country as a in Republic of Korea?
- Average remittance costs of sending $200 for a sending country as a in Republic of 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 Republic of 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 Republic of Korea?
- The lowest recorded value was 2.1% in 2022.
- How does Republic of Korea rank for average remittance costs of sending $200 for a sending country as a?
- Republic of 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 Republic of Korea?
- Over the last ten years it is up 0.7%. The long-run trend across the full record is falling.
- Where does this Republic of 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.
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