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- The number of foreigners living in South Korea increased by 3,896 percent from 1990 to 2020.
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Fantasizing about beginning a fresh chapter overseas?
South Korea It appears that this location is the global leader for such activities, with Bulgaria ranking first in Europe.
According to the findings from the expat specialists at William Russell , resulting in a list of the top 10 countries experiencing the largest growth in their expatriate populations since 1990.
Based on the statistics, the number of foreigners living in South Korea increased dramatically from approximately 43,000 people in 1990 to over 1.7 million individuals in 2020, marking a rise of about 3,896 percent.
In Colombia, the number of expats experienced the second-largest growth, rising sharply from only 104,000 individuals in 1990 to approximately 1.9 million in 2020, representing an astounding increase of 1,727 percent.
South America has become an increasingly attractive option for expatriates, with Chile ranking third on the list. In 1990, the nation counted only 104,000 foreign inhabitants but saw this number soar to 1.6 million by 2020, marking a rise of 1,430 percent.
Bulgaria ranks fourth globally and leads in Europe due to a significant increase in expatriates from 21,000 in 1990 to 184,000 in 2020 (a rise of 757 percent).
In Spain, which ranks fifth, the number of expatriates significantly increased, jumping from approximately 821,000 in 1990 to around 6.8 million in 2020, representing an increase of 732 percent.
Serbia (6th place, with 729 percent), Malta (7th place, at 661 percent), Iceland (8th place, scoring 582 percent), Finland (9th place, reaching 510 percent), and Turkey (10th place, standing at 420 percent) completed the list of the top ten countries.
A representative from William Russell stated: "Although South Korea might not lead globally in terms of the total number of foreign residents, its statistics reveal a significant shift since 1990; among all countries, it shows the largest increase—over 3,800 percent over the last three decades."
'Among all the countries we've examined, Colombia has seen the second largest increase in expatriates. Given that it provides budget-friendly accommodation and allows for potential citizenship within just half a decade, it's clear why so many people are choosing to relocate there.'
'Chile rounds out our top three. With its affordable cost of living coupled with a high quality of life, Chile has become an attractive choice for retirees.'
William Russell utilized UN statistics to identify nations experiencing the most rapid increase in their expatriate communities. To learn more, check out www.william-russell.com/blog/growing-expat-populations/#google .
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