Personal remittances, received in South Korea
South Korea: Personal remittances, received was 7.07 billion current US$ in 2025. ◆ Volatile
Personal remittances, received in South Korea, 1976–2025
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for personal remittances, received in South Korea is 7.07 billion current US$, measured in 2025.
Compared with earlier readings it is down 2.9% on the previous year and up 9.4% over ten years.
Over the whole period, personal remittances, received in South Korea peaked at 7.86 billion current US$ in 2022 and was at its lowest, 47.00 million current US$, in 1976.
South Korea ranks 30th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in South Korea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1976 | 47.00 million current US$ | — |
| 1977 | 103.00 million current US$ | +119.1% |
| 1978 | 105.00 million current US$ | +1.9% |
| 1979 | 101.00 million current US$ | -3.8% |
| 1980 | 562.60 million current US$ | +457.0% |
| 1981 | 690.60 million current US$ | +22.8% |
| 1982 | 784.30 million current US$ | +13.6% |
| 1983 | 920.50 million current US$ | +17.4% |
| 1984 | 945.50 million current US$ | +2.7% |
| 1985 | 1.16 billion current US$ | +22.5% |
| 1986 | 1.74 billion current US$ | +50.0% |
| 1987 | 2.07 billion current US$ | +19.2% |
| 1988 | 2.50 billion current US$ | +21.0% |
| 1989 | 2.19 billion current US$ | -12.7% |
| 1990 | 2.41 billion current US$ | +10.3% |
| 1991 | 2.68 billion current US$ | +11.0% |
| 1992 | 2.93 billion current US$ | +9.3% |
| 1993 | 2.89 billion current US$ | -1.4% |
| 1994 | 3.09 billion current US$ | +6.9% |
| 1995 | 3.28 billion current US$ | +6.2% |
| 1996 | 3.35 billion current US$ | +2.3% |
| 1997 | 3.89 billion current US$ | +15.9% |
| 1998 | 4.96 billion current US$ | +27.5% |
| 1999 | 4.33 billion current US$ | -12.6% |
| 2000 | 4.52 billion current US$ | +4.4% |
| 2001 | 4.52 billion current US$ | -0.2% |
| 2002 | 5.13 billion current US$ | +13.7% |
| 2003 | 5.88 billion current US$ | +14.4% |
| 2004 | 5.94 billion current US$ | +1.0% |
| 2005 | 5.20 billion current US$ | -12.4% |
| 2006 | 4.85 billion current US$ | -6.7% |
| 2007 | 5.15 billion current US$ | +6.3% |
| 2008 | 6.98 billion current US$ | +35.4% |
| 2009 | 6.00 billion current US$ | -14.0% |
| 2010 | 5.85 billion current US$ | -2.4% |
| 2011 | 6.60 billion current US$ | +12.8% |
| 2012 | 6.59 billion current US$ | -0.2% |
| 2013 | 6.48 billion current US$ | -1.7% |
| 2014 | 6.57 billion current US$ | +1.5% |
| 2015 | 6.46 billion current US$ | -1.7% |
| 2016 | 6.52 billion current US$ | +0.9% |
| 2017 | 6.53 billion current US$ | +0.0% |
| 2018 | 7.13 billion current US$ | +9.2% |
| 2019 | 7.17 billion current US$ | +0.6% |
| 2020 | 7.51 billion current US$ | +4.8% |
| 2021 | 7.79 billion current US$ | +3.7% |
| 2022 | 7.86 billion current US$ | +0.9% |
| 2023 | 7.11 billion current US$ | -9.6% |
| 2024 | 7.28 billion current US$ | +2.5% |
| 2025 | 7.07 billion current US$ | -2.9% |
South Korea compared with similar countries
- South Korea's 7.07 billion current US$ is above the median for high income countries, which is 844.01 million current US$, 8.4× the median. (69 countries reporting)
- South Korea's 7.07 billion current US$ is above the median for East Asia & Pacific, which is 424.19 million current US$, 16.7× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +457.0% | 101.00 million current US$ | 562.60 million current US$ |
| 1977 | +119.1% | 47.00 million current US$ | 103.00 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 89.00 million current US$ | 47.00 million current US$ | 105.00 million current US$ | 4 |
| 1980s | 1.36 billion current US$ | 562.60 million current US$ | 2.50 billion current US$ | 10 |
| 1990s | 3.38 billion current US$ | 2.41 billion current US$ | 4.96 billion current US$ | 10 |
| 2000s | 5.42 billion current US$ | 4.52 billion current US$ | 6.98 billion current US$ | 10 |
| 2010s | 6.59 billion current US$ | 5.85 billion current US$ | 7.17 billion current US$ | 10 |
| 2020s | 7.44 billion current US$ | 7.07 billion current US$ | 7.86 billion current US$ | 6 |
Countries ranked near South Korea
More economy & growth data for South 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 personal remittances, received in South Korea?
- Personal remittances, received in South Korea was 7.07 billion current US$ in 2025, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in South Korea?
- The highest recorded value was 7.86 billion current US$ in 2022.
- What is the lowest personal remittances, received recorded in South Korea?
- The lowest recorded value was 47.00 million current US$ in 1976.
- How does South Korea rank for personal remittances, received?
- South Korea ranks 30th out of 197 countries with data for 2025.
- Is personal remittances, received rising or falling in South Korea?
- Over the last ten years it is up 9.4%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.