Government expenditure on tertiary education, constant PPP$ in South Korea

South Korea: Government expenditure on tertiary education, constant PPP$ was 18,087 millions in 2016. ◆ Volatile

Latest (2016)
18,087 millions
Change on year
up 2.2%
World rank
14th
of 144 countries
All-time high
18,087 millions
in 2016
All-time low
1,605 millions
in 1990
Years of data
10
1990–2016

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

05.0k10.0k15.0k20.0k1990200320161990: 1.6k millions1991: 1.7k millions1992: 1.9k millions1993: 2.1k millions1994: 1.8k millions1995: 1.9k millions1998: 3.2k millions1999: 4.5k millions2015: 17.7k millions2016: 18.1k millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

The most recent figure for government expenditure on tertiary education, constant ppp$ in South Korea is 18,087 millions, measured in 2016. That is the highest value across all 10 years on record.

That represents a change of up 2.2% on the previous year.

Over the whole period, government expenditure on tertiary education, constant ppp$ in South Korea peaked at 18,087 millions in 2016 and was at its lowest, 1,605 millions, in 1990.

That places South Korea 14th out of 144 countries with data for 2016, putting it 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
1990s 2,345 millions 1,605 millions 4,520 millions 8
2010s 17,888 millions 17,689 millions 18,087 millions 2

Countries ranked near South Korea

  1. 11 Mexico 22,507 millions compare
  2. 12 Italy 19,012 millions compare
  3. 13 China 18,191 millions compare
  4. 15 Spain 17,228 millions compare
  5. 16 Australia 15,484 millions compare
  6. 17 Netherlands 15,056 millions compare

See the full ranking of 144 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is government expenditure on tertiary education, constant ppp$ in South Korea?
Government expenditure on tertiary education, constant ppp$ in South Korea was 18,087 millions in 2016, according to UNESCO Institute for Statistics.
What is the highest government expenditure on tertiary education, constant ppp$ recorded in South Korea?
The highest recorded value was 18,087 millions in 2016.
What is the lowest government expenditure on tertiary education, constant ppp$ recorded in South Korea?
The lowest recorded value was 1,605 millions in 1990.
How does South Korea rank for government expenditure on tertiary education, constant ppp$?
South Korea ranks 14th out of 144 countries with data for 2016.
Where does this South Korea data come from?
The figures come from UNESCO Institute for Statistics, published as part of Government expenditure on tertiary education, constant PPP$ (millions). Statizoid updates them automatically from the source API.

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About this data

Indicator
Government expenditure on tertiary education, constant PPP$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
144 places, 2,101 data points, 1984–2019
Last refreshed

Total general (local, regional and central) government expenditure on tertiary 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/