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Charts & Stats
Korea, Rep. International tourism, expenditures for travel items (current US$)
What is Korea, Rep.'s international tourism, expenditures for travel items (current us$)? As of 2020, it's 16.2B USD Mn, down from 23.2B USD Mn in 2014.
Author: Wantstats Research TeamSource: World Bank and Wantstats Repository
| Label | International tourism, expenditures for travel items (current US$) |
|---|---|
| 2014 | 23192000000 USD Mn |
| 2015 | 25270000000 USD Mn |
| 2016 | 27243000000 USD Mn |
| 2017 | 31691000000 USD Mn |
| 2018 | 35133000000 USD Mn |
| 2019 | 32739000000 USD Mn |
| 2020 | 16157000000 USD Mn |
Data Source: World Bank and Wantstats Repository
Korea, Rep. International tourism, expenditures for travel items (current US$): Key Points
- Measured in 2020, Korea, Rep.'s international tourism, expenditures for travel items sits at 16.16B current US$. The series opened at 23.19B current US$ in 2014, making the full move a 30% fall.
- 2015-2018: shoots up to 35.13B current US$ (+51%).
- 2019: down to 32.74B current US$ (-7%).
- 2020: caves in to 16.16B current US$ (-51%).
- 2020: The pandemic wipes out tourism here too — 32.74B to 16.16B current US$ (~51%), as border closures froze international travel nearly everywhere.
- 2020: Ends the series at 16.16B current US$ — 30.3% below the 2014 baseline.
The COVID Travel Shutdown, Explained
No consistent direction here means no reliable forecast either. Whatever caused the last move up or down, it hasn't been strong enough to hold for long.
This isn't a local tourism failure — 2020 saw international travel come to a near-total stop worldwide as borders closed. Almost every country's tourism numbers show the same collapse in this exact year.
This series reflects Korea, Rep.'s official reporting via the linked source. Statistics of this kind are typically benchmarked against periodic censuses or surveys, with intervening years estimated.
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Sales Operations & Pricing Manager, Intel
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Bong Lau
Sales Leader, Bamberg
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Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.