Canada vs South Korea: Remittance costs as a proportion of the amount remitted
Canada
5.3%
in 2025
South Korea
5.5%
in 2025
Canada rank
26th
South Korea rank
24th
Remittance costs as a proportion of the amount remitted over time
- Canada
- South Korea
How they compare
South Korea currently reports 5.5% against 5.3% in Canada, a difference of 0.2%.
The two have swapped places 1 time across 11 shared years of data; in 2011 it was Canada ahead.
Canada ranks 26th and South Korea ranks 24th of 47 countries.
Canada has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Canada | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 8.8% | 5.3% | 3.5% | Canada |
| 2020s | 6.2% | 4.5% | 1.7% | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance costs as a proportion of the amount remitted, Canada or South Korea?
- South Korea, at 5.5% against 5.3% in Canada as of 2025.
- What is the difference in remittance costs as a proportion of the amount remitted between Canada and South Korea?
- 0.2%, with South Korea ahead.
- How many years of comparable data are there for Canada and South Korea?
- 11 years are reported by both, from 2011 to 2025.
- How do Canada and South Korea rank globally for remittance costs as a proportion of the amount remitted?
- Canada ranks 26th and South Korea ranks 24th of 47 countries.
- Where does this data come from?
- World Bank – processed by Our World in Data, published as Remittance costs as a proportion of the amount remitted. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Average remittance costs of sending $200 for a sending country as a proportion of the amount remitted (%).