Personal remittances, paid in South Korea
South Korea: Personal remittances, paid was 14.31 billion current US$ in 2025. ◆ Volatile
Personal remittances, paid in South Korea, 1976–2025
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2025, personal remittances, paid in South Korea stood at 14.31 billion current US$.
That represents a change of down 0.2% on the previous year and up 64.1% over ten years.
Over the whole period, personal remittances, paid in South Korea peaked at 14.33 billion current US$ in 2024 and was at its lowest, 1.00 million current US$, in 1976.
South Korea ranks 11th of 195 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.50 million current US$ | 1.00 million current US$ | 4.00 million current US$ | 4 |
| 1980s | 124.94 million current US$ | 21.40 million current US$ | 821.40 million current US$ | 10 |
| 1990s | 1.77 billion current US$ | 1.01 billion current US$ | 2.79 billion current US$ | 10 |
| 2000s | 6.55 billion current US$ | 3.64 billion current US$ | 8.02 billion current US$ | 10 |
| 2010s | 10.58 billion current US$ | 8.72 billion current US$ | 13.53 billion current US$ | 10 |
| 2020s | 12.19 billion current US$ | 9.86 billion current US$ | 14.33 billion current US$ | 6 |
Countries ranked near South Korea
More economy & growth data for South Korea
- Gross national expenditure 94.8% (2025)
- Industry (including construction), value added 0.2% (2025)
- Final consumption expenditure 65.7% (2025)
- Industry (including construction), value added 660.05 billion constant 2015 US$ (2025)
- Gross national expenditure 1.78 trillion current US$ (2025)
- Gross national expenditure 2,524.87 trillion current LCU (2025)
- Gross national expenditure 1.78 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 914.33 trillion current LCU (2025)
- Industry (including construction), value added 642.79 billion current US$ (2025)
- Exports of goods and services 4.2% (2025)
Frequently asked questions
- What is personal remittances, paid in South Korea?
- Personal remittances, paid in South Korea was 14.31 billion current US$ in 2025, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, paid recorded in South Korea?
- The highest recorded value was 14.33 billion current US$ in 2024.
- What is the lowest personal remittances, paid recorded in South Korea?
- The lowest recorded value was 1.00 million current US$ in 1976.
- How does South Korea rank for personal remittances, paid?
- South Korea ranks 11th out of 195 countries with data for 2025.
- Is personal remittances, paid rising or falling in South Korea?
- Over the last ten years it is up 64.1%. 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, paid (current US$). Statizoid updates them automatically from the source API.
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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. Data are in current U.S. dollars.