Australia vs South Korea: Personal remittances, paid
Personal remittances, paid over time
- Australia
- South Korea
How they compare
Australia currently reports 15.86 billion current US$ against 14.31 billion current US$ in South Korea, a difference of 1.55 billion current US$.
That makes Australia's figure about 1.1 times South Korea's.
The two have swapped places 2 times across 50 shared years of data; in 1976 it was Australia ahead.
Globally, Australia ranks 9th and South Korea ranks 11th of 195 countries.
Individual pages
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.