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24Peaks / Asia / South Korea / Remittance Outflows

South Korea - Remittance Outflows 14.31B

World Bank WDI · updated 2026-10-15 · 202 economies tracked

Latest value

14.31B (2025)

Global rank

#n/a of 202 economies

Share of global total

2.2%

Growth since 1976

14,309×

Ranking Race — Remittance Outflows

1 = global #1 · higher value ranks higher

#1#13#25#37#49#61#731966197619861996200620162025#55#121999 overtook Italy2000 overtook United States
South KoreaUnited StatesUnited Arab EmiratesSaudi ArabiaSwitzerland

Real annual global ranks, 1966 - 2025. South Korea climbed from #55 to #12 (overtook Italy). Gaps in a lane = missing data that year.

Key events for South Korea ↓

Key Events — South Korea

Auto-detected from rank data + curated milestones

1980
Climbed 38 places in global rank auto
1988
Climbed 19 places in global rank auto
1997
IMF crisis curated

Currency crisis forces an IMF bailout and deep restructuring.

1999
Overtook Italy in global rank auto
1999
V-shaped recovery curated

Rapid reform-driven rebound from the Asian crisis.

2000
Overtook United States in global rank auto
2009
Global crisis slowdown curated

Export slump hits growth before a fast recovery.

2020
COVID-19 management curated

Economy contracts slightly while exports stay resilient.

Remittance Outflows, 1976-2025

World Bank WDI · USD million · linear scale · ranking in the race above
1976198619962006201620251.00M4.78B9.56B14.33B

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Related indicators

Net Migration Rate and Remittance Inflows, Remittance Inflows

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