Italy vs Republic of Korea: Remittance inflows to GDP
Remittance inflows to GDP over time
- Italy
- Republic of Korea
How they compare
Italy currently reports 0.5% against 0.5% in Republic of Korea, a difference of 0.0%.
That makes Italy's figure about 1.1 times Republic of Korea's.
The two have swapped places 2 times across 45 shared years of data; in 1976 it was Italy ahead.
Italy ranks 144th and Republic of Korea ranks 146th of 197 countries.
Across the 6 decades both report, Italy averaged higher in 3 and Republic of Korea in 3.
Head to head by decade
| Decade | Italy | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.8% | 0.2% | 0.6% | Italy |
| 1980s | 0.7% | 1.1% | 0.4% | Republic of Korea |
| 1990s | 0.2% | 0.8% | 0.6% | Republic of Korea |
| 2000s | 0.2% | 0.7% | 0.5% | Republic of Korea |
| 2010s | 0.5% | 0.5% | 0.0% | Italy |
| 2020s | 0.5% | 0.5% | 0.1% | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Italy or Republic of Korea?
- Italy, at 0.5% against 0.5% in Republic of Korea as of 2020.
- What is the difference in remittance inflows to gdp between Italy and Republic of Korea?
- 0.0%, with Italy ahead.
- How many years of comparable data are there for Italy and Republic of Korea?
- 45 years are reported by both, from 1976 to 2020.
- How do Italy and Republic of Korea rank globally for remittance inflows to gdp?
- Italy ranks 144th and Republic of 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.