Personal remittances, received in Republic of Korea
Republic of Korea: Personal remittances, received was 0.4% in 2025. ▼ Falling
Personal remittances, received in Republic of Korea, 1976–2025
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for personal remittances, received in Republic of Korea is 0.4%, measured in 2025.
The figure is down 2.8% on the previous year and down 10.1% over ten years.
Over the whole period, personal remittances, received in Republic of Korea peaked at 1.4% in 1986 and was at its lowest, 0.1%, in 1979.
That places Republic of Korea 155th out of 196 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 50 years of available data.
Personal remittances, received in Republic of Korea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 0.2% | — |
| 1977 | 0.3% | +70.4% |
| 1978 | 0.2% | -24.6% |
| 1979 | 0.1% | -25.4% |
| 1980 | 0.8% | +469.9% |
| 1981 | 0.9% | +10.0% |
| 1982 | 1.0% | +5.6% |
| 1983 | 1.0% | +4.7% |
| 1984 | 0.9% | -7.7% |
| 1985 | 1.1% | +17.7% |
| 1986 | 1.4% | +29.7% |
| 1987 | 1.4% | -6.0% |
| 1988 | 1.2% | -10.4% |
| 1989 | 0.9% | -29.4% |
| 1990 | 0.8% | -4.0% |
| 1991 | 0.8% | -4.9% |
| 1992 | 0.8% | +1.5% |
| 1993 | 0.7% | -10.8% |
| 1994 | 0.6% | -9.5% |
| 1995 | 0.6% | -13.2% |
| 1996 | 0.5% | -5.0% |
| 1997 | 0.7% | +24.1% |
| 1998 | 1.2% | +89.1% |
| 1999 | 0.8% | -32.6% |
| 2000 | 0.8% | -9.9% |
| 2001 | 0.8% | +5.1% |
| 2002 | 0.8% | -0.7% |
| 2003 | 0.8% | +2.1% |
| 2004 | 0.7% | -10.6% |
| 2005 | 0.5% | -25.8% |
| 2006 | 0.4% | -17.3% |
| 2007 | 0.4% | -4.6% |
| 2008 | 0.6% | +51.4% |
| 2009 | 0.6% | -4.5% |
| 2010 | 0.5% | -19.6% |
| 2011 | 0.5% | +2.9% |
| 2012 | 0.5% | -2.3% |
| 2013 | 0.5% | -8.5% |
| 2014 | 0.4% | -6.4% |
| 2015 | 0.4% | -0.6% |
| 2016 | 0.4% | -1.6% |
| 2017 | 0.4% | -7.6% |
| 2018 | 0.4% | +2.3% |
| 2019 | 0.4% | +4.8% |
| 2020 | 0.4% | +5.2% |
| 2021 | 0.4% | -6.8% |
| 2022 | 0.4% | +8.9% |
| 2023 | 0.4% | -11.8% |
| 2024 | 0.4% | +0.8% |
| 2025 | 0.4% | -2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2% | 0.1% | 0.3% | 4 |
| 1980s | 1.1% | 0.8% | 1.4% | 10 |
| 1990s | 0.8% | 0.5% | 1.2% | 10 |
| 2000s | 0.7% | 0.4% | 0.8% | 10 |
| 2010s | 0.4% | 0.4% | 0.5% | 10 |
| 2020s | 0.4% | 0.4% | 0.4% | 6 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Manufacturing, value added (current US$), per unit of GDP 0.2743 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 9,936 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 390.12 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 14.13 million current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.292 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 10,578 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 12.06 million constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 1.1 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.3433 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 12,437 current US$ per person (2025)
Frequently asked questions
- What is personal remittances, received in Republic of Korea?
- Personal remittances, received in Republic of Korea was 0.4% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Republic of Korea?
- The highest recorded value was 1.4% in 1986.
- What is the lowest personal remittances, received recorded in Republic of Korea?
- The lowest recorded value was 0.1% in 1979.
- How does Republic of Korea rank for personal remittances, received?
- Republic of Korea ranks 155th out of 196 countries with data for 2025.
- Is personal remittances, received rising or falling in Republic of Korea?
- Over the last ten years it is down 10.1%. The long-run trend across the full record is falling.
- Where does this Republic of Korea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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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.