Germany vs Korea: Remittance inflows to GDP
Remittance inflows to GDP over time
- Germany
- Korea
How they compare
Germany currently reports 0.5% against 0.5% in Korea, a difference of 0.0%.
That makes Germany's figure about 1.1 times Korea's.
The two have swapped places 1 time across 45 shared years of data; in 1976 it was Korea ahead.
Germany ranks 144th and Korea ranks 145th of 196 countries.
Across the 6 decades both report, Germany averaged higher in 1 and Korea in 5.
Head to head by decade
| Decade | Germany | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.1% | 0.2% | 0.1% | Korea |
| 1980s | 0.3% | 1.1% | 0.8% | Korea |
| 1990s | 0.2% | 0.8% | 0.6% | Korea |
| 2000s | 0.3% | 0.7% | 0.4% | Korea |
| 2010s | 0.4% | 0.5% | 0.0% | Korea |
| 2020s | 0.5% | 0.5% | 0.0% | Germany |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Germany or Korea?
- Germany, at 0.5% against 0.5% in Korea as of 2020.
- What is the difference in remittance inflows to gdp between Germany and Korea?
- 0.0%, with Germany ahead.
- How many years of comparable data are there for Germany and Korea?
- 45 years are reported by both, from 1976 to 2020.
- How do Germany and Korea rank globally for remittance inflows to gdp?
- Germany ranks 144th and Korea ranks 145th of 196 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.