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South Korea Travel Earnings

South Korea's travel earnings fell to $11.78 billion in 2020, down from $25.46 billion in 2019, according to World Bank. This represents a decrease of 53.7% ($13.68 billion) from the previous year. South Korea has the 14th highest travel earnings. Within Asia, it ranks 7th out of 43 countries.

South Korea's visitor arrivals fell to 2.52 million in 2020, down from 17.5 million in 2019.

Yearly Historical Data (1995-2020)

(in Billion USD)
Year Travel Earnings (Billion USD)
2020 11.78
2019 25.46
2018 23.1
2017 17.17
2016 20.92
2015 18.71
2014 22.39
2013 19.46
2012 18.73
2011 17.33
2010 14.31
2009 13.26
2008 13.44
2007 9.25
2006 8.44
2005 8.28
2004 8.22
2003 7
2002 7.62
2001 7.92
2000 8.53
1999 8.34
1998 8.26
1997 6.32
1996 6.35
1995 6.67
South Korea Travel Earnings : Definition
Travel Earnings measures total money earned by South Korea from international tourists, measured in current US dollars.
Indicator Last Value Prior Value Period
Visitor Arrivals 2.52M 17.5M 2020