Government expenditure on education, constant PPP$ in South Korea

South Korea: Government expenditure on education, constant PPP$ was 88,456 millions in 2016. ◆ Volatile

Latest (2016)
88,456 millions
World rank
11th
of 161 countries
All-time high
88,456 millions
in 2016
All-time low
16,505 millions
in 1990
Years of data
9
1990–2016

Government expenditure on education, constant PPP$ in South Korea, 1990–2016

20.0k40.0k60.0k80.0k1990200320161990: 16.5k millions1991: 21.0k millions1992: 22.9k millions1993: 25.2k millions1994: 22.5k millions1995: 24.0k millions1998: 29.9k millions1999: 33.4k millions2016: 88.5k millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

In 2016, government expenditure on education, constant ppp$ in South Korea stood at 88,456 millions. That is the highest value across all 9 years on record.

Over the whole period, government expenditure on education, constant ppp$ in South Korea peaked at 88,456 millions in 2016 and was at its lowest, 16,505 millions, in 1990.

That places South Korea 11th out of 161 countries with data for 2016, putting it in the top 10%.

Averages by decade

DecadeAverage LowestHighest Years
1990s 24,434 millions 16,505 millions 33,384 millions 8
2010s 88,456 millions 88,456 millions 88,456 millions 1

Countries ranked near South Korea

  1. 8 Mexico 111,717 millions compare
  2. 9 Italy 102,317 millions compare
  3. 10 Indonesia 93,980 millions compare
  4. 12 Canada 78,806 millions compare
  5. 13 Spain 77,589 millions compare
  6. 14 China 75,846 millions compare

See the full ranking of 161 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is government expenditure on education, constant ppp$ in South Korea?
Government expenditure on education, constant ppp$ in South Korea was 88,456 millions in 2016, according to UNESCO Institute for Statistics.
What is the highest government expenditure on education, constant ppp$ recorded in South Korea?
The highest recorded value was 88,456 millions in 2016.
What is the lowest government expenditure on education, constant ppp$ recorded in South Korea?
The lowest recorded value was 16,505 millions in 1990.
How does South Korea rank for government expenditure on education, constant ppp$?
South Korea ranks 11th out of 161 countries with data for 2016.
Where does this South Korea data come from?
The figures come from UNESCO Institute for Statistics, published as part of Government expenditure on education, constant PPP$ (millions). Statizoid updates them automatically from the source API.

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About this data

Indicator
Government expenditure on education, constant PPP$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
161 places, 2,648 data points, 1990–2019
Last refreshed

Total general (local, regional and central) government expenditure on education (current, capital, and transfers), in millions PPP$ (at purchasing power parity) in constant value (taking into account inflation). It includes expenditure funded by transfers from international sources to government. Total government expenditure for a given level of education (e.g. primary, secondary, or all levels combined) in national currency is converted to PPP$, and where it is expressed in constant value, uses a GDP deflator to account for inflation. The constant prices base year is normally three years before the year of the data release. For example, in the July 2017 data release, constant PPP$ values are expressed in 2014 prices. Limitations: In some instances data on total government expenditure on education refers only to the Ministry of Education, excluding other ministries which may also spend a part of their budget on educational activities. For more information, consult the UNESCO Institute of Statistics website: http://www.uis.unesco.org/Education/