Korea Remittances Received
Personal remittances received BX.TRF.PWKR.CD.DT
Korea's remittances received was $7.3B in 2025, ranked 31st globally. This represents a 2.1% decrease from 2024. Data from World Bank, covering 1976–2025.
Overview
Korea's remittances received stood at $7.3B in 2025, a decline of +$157.6M from 2024. Based on recent trends, this figure is projected to reach $7.3B by 2025. Korea ranked 31st globally.
South Korea’s remittance inflows have risen dramatically from a modest 47,000,000.00 in 1976, the all‑time low, to 7,291,770,000.00 in 2025, placing the economy at 31st globally. The upward trajectory peaked in 2022 at 7,814,500,000.00 before a slight decline, reflecting the combined effects of stronger overseas Korean labor markets and fluctuations in foreign exchange rates. Compared with peers of similar rank, Korea’s receipts are marginally below Croatia’s 7,296,691,105.95 and above Spain’s 7,036,280,357.02, indicating a competitive position among middle‑ranked recipients. The 50‑year coverage shows a sustained expansion, driven by the diaspora’s growing purchasing power and South Korea’s expanding service exports that attract foreign workers. Continued diversification of remittance channels and potential policy incentives for overseas workers could sustain the upward trend, while any sharp slowdown in global migration or tighter financial regulations might reverse the current momentum.
Data & projection
| Year | Remittances Received | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $7.2B | - | - |
| 2026* trend | $7.2B | - | - |
| 2025* trend | $7.3B | - | - |
| 2025 | $7.3B | −$157.6M | #31 |
| 2024 | $7.4B | +$414.4M | #156 |
| 2023 | $7.0B | −$779.5M | #157 |
| 2022 | $7.8B | +$72.2M | #159 |
| 2021 | $7.7B | +$307.5M | #159 |
| 2020 | $7.4B | +$268.7M | #163 |
| 2019 | $7.2B | +$41.0M | #160 |
| 2018 | $7.1B | +$598.7M | #162 |
| 2017 | $6.5B | +$2.8M | #158 |
| 2016 | $6.5B | +$59.7M | #160 |
| 2015 | $6.5B | −$109.6M | #158 |
| 2014 | $6.6B | +$98.1M | #160 |
| 2013 | $6.5B | −$113.7M | #157 |
| 2012 | $6.6B | −$13.1M | #162 |
| 2011 | $6.6B | +$748.5M | #162 |
Detected Pattern
Analysis
Korea matched the Export Boom Cycle pattern in 2006. Historically, 71% of countries showing this pattern (546 out of 768) saw remittances received improve within 24 months. View full analysis →
Frequently Asked Questions
Korea's remittances received was $7.3B in 2025. Ranked 31st globally. This represents a 2.1% decrease from the previous year.
Korea's remittances received peaked at $7.8B in 2022.
The lowest remittances received in Korea was $47.0M in 1976.
Korea ranks 31st globally in remittances received as of 2025.
The World Bank indicator code is BX.TRF.PWKR.CD.DT. Data sourced from World Bank.
Korea's remittances received is projected to reach $7.3B by 2025 based on trend extrapolation.
Korea's remittances received was approximately 7.29 billion ($7.3B) in 2025.
The remittances received of Korea in 2025 was $7.3B. This ranks 31st in the world.
Cite this page
@misc{historysaid_korea_remittances,
title = {Korea Remittances Received},
url = {https://historysaid.com/korea/remittances/},
publisher = {HistorySaid},
year = {2026}
}