Korea vs Singapore: Remittance costs as share of amount remitted
Korea
4.18
in 2021
Singapore
3.68
in 2021
Korea rank
36th
Singapore rank
39th
Remittance costs as share of amount remitted over time
- Korea
- Singapore
How they compare
Korea currently reports 4.18 against 3.68 in Singapore, a difference of 0.5.
That makes Korea's figure about 1.1 times Singapore's.
The two have swapped places 2 times across 7 shared years of data; in 2011 it was Korea ahead.
Korea ranks 36th and Singapore ranks 39th of 46 countries.
Korea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Korea | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 5.31 | 4.65 | 0.662 | Korea |
| 2020s | 4.46 | 3.5 | 0.965 | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance costs as share of amount remitted, Korea or Singapore?
- Korea, at 4.18 against 3.68 in Singapore as of 2021.
- What is the difference in remittance costs as share of amount remitted between Korea and Singapore?
- 0.5, with Korea ahead.
- How many years of comparable data are there for Korea and Singapore?
- 7 years are reported by both, from 2011 to 2021.
- How do Korea and Singapore rank globally for remittance costs as share of amount remitted?
- Korea ranks 36th and Singapore ranks 39th of 46 countries.
- Where does this data come from?
- Our World in Data, published as Remittance costs as share of amount remitted. Statizoid refreshes it automatically from the source and publishes the full history for both places.