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
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.
Spending by a countrys residents while travelling abroad in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 6.95 billion | — |
| 1996 | 8.29 billion | +19.3% |
| 1997 | 8.04 billion | -3.0% |
| 1998 | 4.03 billion | -49.9% |
| 1999 | 5.55 billion | +37.9% |
| 2000 | 7.95 billion | +43.0% |
| 2001 | 8.35 billion | +5.1% |
| 2002 | 11.44 billion | +37.0% |
| 2003 | 11.06 billion | -3.3% |
| 2004 | 13.51 billion | +22.1% |
| 2005 | 16.92 billion | +25.3% |
| 2006 | 20.95 billion | +23.8% |
| 2007 | 24.43 billion | +16.6% |
| 2008 | 21.45 billion | -12.2% |
| 2009 | 16.36 billion | -23.7% |
| 2010 | 20.79 billion | +27.1% |
| 2011 | 22.20 billion | +6.8% |
| 2012 | 22.93 billion | +3.3% |
| 2013 | 24.46 billion | +6.6% |
| 2014 | 26.14 billion | +6.9% |
| 2015 | 27.96 billion | +7.0% |
| 2016 | 29.82 billion | +6.7% |
| 2017 | 34.45 billion | +15.5% |
| 2018 | 38.02 billion | +10.4% |
| 2019 | 35.34 billion | -7.1% |
| 2020 | 16.65 billion | -52.9% |
| 2021 | 18.34 billion | +10.2% |
| 2022 | 22.27 billion | +21.4% |
| 2023 | 29.81 billion | +33.9% |
| 2024 | 31.42 billion | +5.4% |
South Korea compared with similar countries
- South Korea's 31.42 billion is above the median for high income countries, which is 4.47 billion, 7.0× the median. (71 countries reporting)
- South Korea's 31.42 billion is above the median for East Asia & Pacific, which is 569.60 million, 55.2× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
More reference data data for South Korea
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Burning - Crop 31.73 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 880.21 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 12,007 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.13 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 4.37 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 5.17 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 19.85 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Enteric 6,875 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9638 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure Management 2,038 (2050)
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).