NOTE: THIS DATA FILE WILL CHANGE! To improve accessibility of data for all users, we will convert this file from a text format to an html table by the end of June 2024. Title: Remittance Inflows to GDP for Republic of Korea Series ID: DDOI11KRA156NWDB Source: World Bank Release: Global Financial Development (Not a Press Release) Seasonal Adjustment: Not Seasonally Adjusted Frequency: Annual Units: Percent Date Range: 1976-01-01 to 2020-01-01 Last Updated: 2022-03-23 4:23 PM CDT Notes: Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year. Source Code: GFDD.OI.13 DATE VALUE 1976-01-01 0.15717760000000000 1977-01-01 0.26790480000000000 1978-01-01 0.20203139999999997 1979-01-01 0.15086580000000000 1980-01-01 0.86026240000000000 1981-01-01 0.94689190000000000 1982-01-01 1.00090800000000000 1983-01-01 1.04887900000000010 1984-01-01 0.96964180000000000 1985-01-01 1.14298500000000010 1986-01-01 1.48634699999999990 1987-01-01 1.39954300000000000 1988-01-01 1.25481700000000000 1989-01-01 0.88572630000000010 1990-01-01 0.85154430000000010 1991-01-01 0.80980250000000000 1992-01-01 0.82320450000000000 1993-01-01 0.73517940000000000 1994-01-01 0.66587230000000010 1995-01-01 0.57869680000000010 1996-01-01 0.54965050000000000 1997-01-01 0.68217090000000000 1998-01-01 1.29261700000000000 1999-01-01 0.87075170000000000 2000-01-01 0.78508710000000000 2001-01-01 0.82463840000000000 2002-01-01 0.81862609999999990 2003-01-01 0.83606870000000000 2004-01-01 0.74828380000000000 2005-01-01 0.55625130000000010 2006-01-01 0.46044650000000004 2007-01-01 0.43960750000000000 2008-01-01 0.66626950000000000 2009-01-01 0.63557940000000000 2010-01-01 0.51165710000000000 2011-01-01 0.52681760000000000 2012-01-01 0.51540650000000000 2013-01-01 0.47238279999999994 2014-01-01 0.44286329999999996 2015-01-01 0.44098909999999997 2016-01-01 0.43487429999999994 2017-01-01 0.40189630000000000 2018-01-01 0.41308620000000000 2019-01-01 0.43516910000000000 2020-01-01 0.45462659999999994