GBARD by type of funding in South Korea
South Korea: GBARD by type of funding was 17,986 Million euro in 2024. ▲ Rising
Latest (2024)
17,986 Million euro
Change on year
down 18.2%
World rank
7th
of 50 countries
All-time high
21,996 Million euro
in 2023
All-time low
4,288 Million euro
in 2004
Years of data
21
2004–2024
GBARD by type of funding in South Korea, 2004–2024
Source: Eurostat. Measured in Million euro.
Analysis
The most recent figure for gbard by type of funding in South Korea is 17,986 Million euro, measured in 2024.
That represents a change of down 18.2% on the previous year and up 41.4% over ten years.
Over the whole period, gbard by type of funding in South Korea peaked at 21,996 Million euro in 2023 and was at its lowest, 4,288 Million euro, in 2004.
That places South Korea 7th out of 50 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 21 years of available data.
GBARD by type of funding in South Korea, year by year
| Year | Million euro | Change |
|---|---|---|
| 2004 | 4,288 Million euro | — |
| 2005 | 6,124 Million euro | +42.8% |
| 2006 | 7,433 Million euro | +21.4% |
| 2007 | 7,669 Million euro | +3.2% |
| 2008 | 6,898 Million euro | -10.1% |
| 2009 | 7,167 Million euro | +3.9% |
| 2010 | 8,944 Million euro | +24.8% |
| 2011 | 9,661 Million euro | +8.0% |
| 2012 | 11,069 Million euro | +14.6% |
| 2013 | 11,794 Million euro | +6.5% |
| 2014 | 12,716 Million euro | +7.8% |
| 2015 | 15,033 Million euro | +18.2% |
| 2016 | 14,912 Million euro | -0.8% |
| 2017 | 15,275 Million euro | +2.4% |
| 2018 | 15,202 Million euro | -0.5% |
| 2019 | 15,976 Million euro | +5.1% |
| 2020 | 18,026 Million euro | +12.8% |
| 2021 | 20,315 Million euro | +12.7% |
| 2022 | 21,732 Million euro | +7.0% |
| 2023 | 21,996 Million euro | +1.2% |
| 2024 | 17,986 Million euro | -18.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6,596 Million euro | 4,288 Million euro | 7,669 Million euro | 6 |
| 2010s | 13,058 Million euro | 8,944 Million euro | 15,976 Million euro | 10 |
| 2020s | 20,011 Million euro | 17,986 Million euro | 21,996 Million euro | 5 |
Countries ranked near South Korea
- 4 Germany 46,260 Million euro compare
- 5 United Kingdom of Great Britain and Northern Ireland 19,589 Million euro compare
- 5 United Kingdom 19,589 Million euro compare
- 7 Republic of Korea 17,986 Million euro compare
- 9 France 17,752 Million euro compare
- 10 Italy 13,095 Million euro compare
More reference data data for South Korea
- Industrial countries' effective exchange rates - quarterly data 71.89 Index, 2015=100 (2026)
- Industrial countries' effective exchange rates - monthly data 71.21 Index, 2015=100 (2026)
- Real effective exchange rate - percentage changes, 42 trading partners 86.64 Index, 2015=100 (2025)
- Industrial countries' effective exchange rates - annual data 78.27 Index, 2015=100 (2025)
- Real effective exchange rate - euro area trading partners 78.27 Index, 2015=100 (2025)
- GERD by source of funds 100.0% (2023)
- GERD by sector of performance 84,278 Million euro (2023)
- GERD by sector of performance and type of expenditure 84,278 Million euro (2023)
- GERD by sector of performance and source of funds 84,278 Million euro (2023)
- BERD by size class and source of funds 66,741 Million euro (2023)
Frequently asked questions
- What is gbard by type of funding in South Korea?
- Gbard by type of funding in South Korea was 17,986 Million euro in 2024, according to Eurostat.
- What is the highest gbard by type of funding recorded in South Korea?
- The highest recorded value was 21,996 Million euro in 2023.
- What is the lowest gbard by type of funding recorded in South Korea?
- The lowest recorded value was 4,288 Million euro in 2004.
- How does South Korea rank for gbard by type of funding?
- South Korea ranks 7th out of 50 countries with data for 2024.
- Is gbard by type of funding rising or falling in South Korea?
- Over the last ten years it is up 41.4%. The long-run trend across the full record is rising.
- Where does this South Korea data come from?
- The figures come from Eurostat, published as part of GBARD by type of funding. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (Eurostat).