Government expenditure on education, constant US$ in South Korea

South Korea: Government expenditure on education, constant US$ was 68,210 millions in 2016. ◆ Volatile

Latest (2016)
68,210 millions
World rank
9th
of 167 countries
All-time high
68,210 millions
in 2016
All-time low
2,234 millions
in 1975
Years of data
27
1970–2016

Government expenditure on education, constant US$ in South Korea, 1970–2016

020.0k40.0k60.0k1970199320161970: 2.3k millions1971: 2.7k millions1972: 2.5k millions1973: 2.4k millions1975: 2.2k millions1976: 3.3k millions1977: 3.3k millions1979: 5.0k millions1980: 5.6k millions1981: 5.0k millions1982: 11.9k millions1983: 9.2k millions1984: 9.4k millions1985: 10.1k millions1986: 10.3k millions1987: 10.7k millions1988: 9.8k millions1989: 11.7k millions1990: 12.7k millions1991: 16.2k millions1992: 17.6k millions1993: 19.5k millions1994: 17.4k millions1995: 18.5k millions1998: 23.1k millions1999: 25.7k millions2016: 68.2k millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

The most recent figure for government expenditure on education, constant us$ in South Korea is 68,210 millions, measured in 2016. That is the highest value across all 27 years on record.

Over the whole period, government expenditure on education, constant us$ in South Korea peaked at 68,210 millions in 2016 and was at its lowest, 2,234 millions, in 1975.

South Korea ranks 9th of 167 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1970s 2,976 millions 2,234 millions 4,951 millions 8
1980s 9,357 millions 5,014 millions 11,863 millions 10
1990s 18,841 millions 12,727 millions 25,744 millions 8
2010s 68,210 millions 68,210 millions 68,210 millions 1

Countries ranked near South Korea

  1. 6 Italy 79,354 millions compare
  2. 7 Russia 73,828 millions compare
  3. 8 Canada 71,756 millions compare
  4. 10 Australia 68,159 millions compare
  5. 11 India 66,041 millions compare
  6. 12 Spain 55,229 millions compare

See the full ranking of 167 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is government expenditure on education, constant us$ in South Korea?
Government expenditure on education, constant us$ in South Korea was 68,210 millions in 2016, according to UNESCO Institute for Statistics.
What is the highest government expenditure on education, constant us$ recorded in South Korea?
The highest recorded value was 68,210 millions in 2016.
What is the lowest government expenditure on education, constant us$ recorded in South Korea?
The lowest recorded value was 2,234 millions in 1975.
How does South Korea rank for government expenditure on education, constant us$?
South Korea ranks 9th out of 167 countries with data for 2016.
Where does this South Korea data come from?
The figures come from UNESCO Institute for Statistics, published as part of Government expenditure on education, constant US$ (millions). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Government expenditure on education, constant US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
167 places, 3,670 data points, 1970–2019
Last refreshed

Total general (local, regional and central) government expenditure on education (current, capital, and transfers) in millions US$ 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 US$, and where it is expressed in constant value, uses a GDP deflator to account for inflation. The constant prices base year is normally three years before the year of the data release. For example, in the July 2017 data release, constant US$ 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/