Average value of remittances in South Korea 2018, by age

According to an analysis of remittances in South Korea in 2018, the average value of all remittances for 2018 was around 36 thousand U.S. dollars. Elderly in their early 70s showed the highest average among different age groups, sending or receiving around 44 thousand dollars. This age group was followed by people in their late 40s and the under-20s. The lowest average came from people in their twenties, who on average sent out or received only around 25 thousand dollars.

Average value of overseas remittances among residents in South Korea in 2018, by age group

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Source

Release date

July 2019

Region

South Korea

Survey time period

2018

Special properties

based on customer transaction data using Hana Bank

Supplementary notes

*Age of the receiver of remittance.
Figures have been rounded.

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Statistics on "Economic Outlook South Korea"

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