Spending by a countrys residents while travelling abroad in South Korea

South Korea: Spending by a countrys residents while travelling abroad was 31.42 billion in 2024. ▲ Rising

Latest (2024)
31.42 billion
Change on year
up 5.4%
World rank
13th
of 199 countries
All-time high
38.02 billion
in 2018
All-time low
4.03 billion
in 1998
Years of data
30
1995–2024

Spending by a countrys residents while travelling abroad in South Korea, 1995–2024

010.0B20.0B30.0B40.0B1995200920241995: 6.9B1996: 8.3B1997: 8.0B1998: 4.0B1999: 5.6B2000: 7.9B2001: 8.3B2002: 11.4B2003: 11.1B2004: 13.5B2005: 16.9B2006: 20.9B2007: 24.4B2008: 21.4B2009: 16.4B2010: 20.8B2011: 22.2B2012: 22.9B2013: 24.5B2014: 26.1B2015: 28.0B2016: 29.8B2017: 34.5B2018: 38.0B2019: 35.3B2020: 16.6B2021: 18.3B2022: 22.3B2023: 29.8B2024: 31.4B

Source: Our World in Data.

Analysis

In 2024, spending by a countrys residents while travelling abroad in South Korea stood at 31.42 billion.

Compared with earlier readings it is up 5.4% on the previous year and up 20.2% over ten years.

Over the whole period, spending by a countrys residents while travelling abroad in South Korea peaked at 38.02 billion in 2018 and was at its lowest, 4.03 billion, in 1998.

South Korea ranks 13th of 199 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 30 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 6.57 billion 4.03 billion 8.29 billion 5
2000s 15.24 billion 7.95 billion 24.43 billion 10
2010s 28.21 billion 20.79 billion 38.02 billion 10
2020s 23.70 billion 16.65 billion 31.42 billion 5

Countries ranked near South Korea

  1. 10 India 41.34 billion compare
  2. 11 Spain 32.45 billion compare
  3. 12 Saudi Arabia 31.85 billion compare
  4. 14 Singapore 31.27 billion compare
  5. 15 Netherlands 28.83 billion compare
  6. 16 Hong Kong 28.54 billion compare

See the full ranking of 199 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is spending by a countrys residents while travelling abroad in South Korea?
Spending by a countrys residents while travelling abroad in South Korea was 31.42 billion in 2024, according to Our World in Data.
What is the highest spending by a countrys residents while travelling abroad recorded in South Korea?
The highest recorded value was 38.02 billion in 2018.
What is the lowest spending by a countrys residents while travelling abroad recorded in South Korea?
The lowest recorded value was 4.03 billion in 1998.
How does South Korea rank for spending by a countrys residents while travelling abroad?
South Korea ranks 13th out of 199 countries with data for 2024.
Is spending by a countrys residents while travelling abroad rising or falling in South Korea?
Over the last ten years it is up 20.2%. The long-run trend across the full record is rising.
Where does this South Korea data come from?
The figures come from Our World in Data, published as part of Spending by a countrys residents while travelling abroad. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Spending by a countrys residents while travelling abroad
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
199 places, 4,611 data points, 1995–2024
Last refreshed