Republic of Korea vs Malaysia: Remittance inflows to GDP
Remittance inflows to GDP over time
- Republic of Korea
- Malaysia
How they compare
Republic of Korea currently reports 0.5% against 0.4% in Malaysia, a difference of 0.1%.
That makes Republic of Korea's figure about 1.1 times Malaysia's.
The two have swapped places 4 times across 38 shared years of data; in 1976 it was Republic of Korea ahead.
Republic of Korea ranks 146th and Malaysia ranks 148th of 197 countries.
Across the 6 decades both report, Republic of Korea averaged higher in 5 and Malaysia in 1.
Head to head by decade
| Decade | Republic of Korea | Malaysia | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.2% | 0.0% | 0.2% | Republic of Korea |
| 1980s | 1.2% | 0.3% | 0.9% | Republic of Korea |
| 1990s | 0.8% | 0.3% | 0.5% | Republic of Korea |
| 2000s | 0.7% | 0.6% | 0.1% | Republic of Korea |
| 2010s | 0.5% | 0.5% | 0.0% | Malaysia |
| 2020s | 0.5% | 0.4% | 0.0% | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Republic of Korea or Malaysia?
- Republic of Korea, at 0.5% against 0.4% in Malaysia as of 2020.
- What is the difference in remittance inflows to gdp between Republic of Korea and Malaysia?
- 0.1%, with Republic of Korea ahead.
- How many years of comparable data are there for Republic of Korea and Malaysia?
- 38 years are reported by both, from 1976 to 2020.
- How do Republic of Korea and Malaysia rank globally for remittance inflows to gdp?
- Republic of Korea ranks 146th and Malaysia ranks 148th 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.