Denmark vs South Korea: Remittance inflows to GDP
Remittance inflows to GDP over time
- Denmark
- South Korea
How they compare
South Korea currently reports 0.5% against 0.4% in Denmark, a difference of 0.1%.
That makes South Korea's figure about 1.1 times Denmark's.
Across all 29 years both countries report, South Korea has been ahead every year.
Denmark ranks 149th and South Korea ranks 146th of 197 countries.
South Korea has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Denmark | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.4% | 0.8% | 0.4% | South Korea |
| 2000s | 0.4% | 0.7% | 0.3% | South Korea |
| 2010s | 0.4% | 0.5% | 0.1% | South Korea |
| 2020s | 0.4% | 0.5% | 0.0% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Denmark or South Korea?
- South Korea, at 0.5% against 0.4% in Denmark as of 2020.
- What is the difference in remittance inflows to gdp between Denmark and South Korea?
- 0.1%, with South Korea ahead.
- How many years of comparable data are there for Denmark and South Korea?
- 29 years are reported by both, from 1992 to 2020.
- How do Denmark and South Korea rank globally for remittance inflows to gdp?
- Denmark ranks 149th and South Korea ranks 146th of 197 countries.
- Where does this data come from?
- World Development Indicators (WDI), World Bank, published as Remittance inflows to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.