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Government procurement spending as share of total government spending in South Korea

South Korea: Government procurement spending as share of total government spending was 39.6% in 2024. ▼ Falling

Latest (2024)
39.6%
Change on year
down 1.5%
World rank
4th
of 42 countries
All-time high
42.4%
in 2009
All-time low
37.7%
in 2022
Years of data
18
2007–2024

Government procurement spending as share of total government spending in South Korea, 2007–2024

0102030402007201520242007: 40.8 % of government expenditure2008: 40.3 % of government expenditure2009: 42.4 % of government expenditure2010: 42.2 % of government expenditure2011: 40.6 % of government expenditure2012: 40 % of government expenditure2013: 41.5 % of government expenditure2014: 40.2 % of government expenditure2015: 40.3 % of government expenditure2016: 41.1 % of government expenditure2017: 41.2 % of government expenditure2018: 41.5 % of government expenditure2019: 41.6 % of government expenditure2020: 38.4 % of government expenditure2021: 38.8 % of government expenditure2022: 37.7 % of government expenditure2023: 40.2 % of government expenditure2024: 39.6 % of government expenditure

Source: OECD (2026) – with minor processing by Our World in Data. Measured in % of government expenditure.

Analysis

In 2024, government procurement spending as share of total government spending in South Korea stood at 39.6%.

The figure is down 1.5% on the previous year and down 1.5% over ten years.

Over the whole period, government procurement spending as share of total government spending in South Korea peaked at 42.4% in 2009 and was at its lowest, 37.7%, in 2022.

That places South Korea 4th out of 42 countries with data for 2024, putting it in the top 10%.

The long-run direction has been consistently falling across the 18 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 41.2% 40.3% 42.4% 3
2010s 41.0% 40.0% 42.2% 10
2020s 38.9% 37.7% 40.2% 5

Countries ranked near South Korea

  1. 1 Australia 47.7% compare
  2. 2 Netherlands 46.1% compare
  3. 3 Japan 43.0% compare
  4. 5 New Zealand 38.9% compare
  5. 6 Israel 38.8% compare
  6. 7 Germany 37.4% compare

See the full ranking of 42 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is government procurement spending as share of total government spending in South Korea?
Government procurement spending as share of total government spending in South Korea was 39.6% in 2024, according to OECD (2026) – with minor processing by Our World in Data.
What is the highest government procurement spending as share of total government spending recorded in South Korea?
The highest recorded value was 42.4% in 2009.
What is the lowest government procurement spending as share of total government spending recorded in South Korea?
The lowest recorded value was 37.7% in 2022.
How does South Korea rank for government procurement spending as share of total government spending?
South Korea ranks 4th out of 42 countries with data for 2024.
Is government procurement spending as share of total government spending rising or falling in South Korea?
Over the last ten years it is down 1.5%. The long-run trend across the full record is falling.
Where does this South Korea data come from?
The figures come from OECD (2026) – with minor processing by Our World in Data, published as part of Government procurement spending as share of total government spending. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Government procurement spending as share of total government spending
Unit
% of government expenditure
Source
OECD (2026) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
42 places, 741 data points, 2007–2024
Last refreshed

This data is divided by total government expenditure, expressed as a percentage.