Volume of remittances (in United States dollars) … total in Republic of Korea
Republic of Korea: Volume of remittances (in United States dollars) … total was 0.4% in 2024. ▼ Falling
Volume of remittances (in United States dollars) as a proportion of in Republic of Korea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Republic of Korea recorded 0.4% for volume of remittances (in united states dollars) as a proportion of in 2024.
That represents a change of up 0.8% on the previous year and down 8.1% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Republic of Korea peaked at 0.8% in 2003 and was at its lowest, 0.4%, in 2017.
Republic of Korea ranks 163rd of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Volume of remittances (in United States dollars) … total in Republic of Korea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 0.8% | — |
| 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% |
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) … total in Republic of 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 |
|---|---|---|---|
| 2008 | +51.4% | 0.4% | 0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.7% | 0.4% | 0.8% | 10 |
| 2010s | 0.4% | 0.4% | 0.5% | 10 |
| 2020s | 0.4% | 0.4% | 0.4% | 5 |
Countries ranked near Republic of Korea
- 160 Germany 0.5% compare
- 161 Bahamas 0.4% compare
- 162 Netherlands (Kingdom of the) 0.4% compare
- 163 South Korea 0.4% compare
- 165 Switzerland 0.4% compare
- 166 Malaysia 0.4% compare
More economy & growth data for Republic of Korea
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 4.05 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate -0.4224 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 1.98 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -2.41 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, annual growth 6.16 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 1.59 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 2.03 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 2.03 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 6.06 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 1.5 % change on previous year (2024)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Republic of Korea?
- Volume of remittances (in united states dollars) as a proportion of in Republic of Korea was 0.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Republic of Korea?
- The highest recorded value was 0.8% in 2003.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Republic of Korea?
- The lowest recorded value was 0.4% in 2017.
- How does Republic of Korea rank for volume of remittances (in united states dollars) as a proportion of?
- Republic of Korea ranks 163rd out of 205 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Republic of Korea?
- Over the last ten years it is down 8.1%. 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 Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).