Government spending by function in South Korea
South Korea: Government spending by function was 26.16 in 2023. ▲ Rising
Government spending by function in South Korea, 2007–2023
Source: Our World in Data.
Analysis
The most recent figure for government spending by function in South Korea is 26.16, measured in 2023. That is the highest value across all 17 years on record.
The figure is up 7.4% on the previous year and up 27.0% over ten years.
Over the whole period, government spending by function in South Korea peaked at 26.16 in 2023 and was at its lowest, 16.62, in 2007.
South Korea ranks 32nd of 37 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Government spending by function in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 16.62 | — |
| 2008 | 17.13 | +3.0% |
| 2009 | 16.79 | -2.0% |
| 2010 | 17.82 | +6.1% |
| 2011 | 18.53 | +4.0% |
| 2012 | 19.7 | +6.3% |
| 2013 | 20.59 | +4.6% |
| 2014 | 21.55 | +4.6% |
| 2015 | 22.07 | +2.4% |
| 2016 | 22.38 | +1.4% |
| 2017 | 22.36 | -0.1% |
| 2018 | 22.32 | -0.2% |
| 2019 | 22.66 | +1.6% |
| 2020 | 24.5 | +8.1% |
| 2021 | 24.14 | -1.5% |
| 2022 | 24.36 | +0.9% |
| 2023 | 26.16 | +7.4% |
South Korea compared with similar countries
- South Korea's 26.16 is below the median for high income countries, which is 36.42, 72% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.85 | 16.62 | 17.13 | 3 |
| 2010s | 21 | 17.82 | 22.66 | 10 |
| 2020s | 24.79 | 24.14 | 26.16 | 4 |
Countries ranked near South Korea
More reference data data for South Korea
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Burning - Crop 31.73 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 880.21 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 12,007 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.13 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 4.37 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 5.17 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 19.85 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Enteric 6,875 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9638 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure Management 2,038 (2050)
Frequently asked questions
- What is government spending by function in South Korea?
- Government spending by function in South Korea was 26.16 in 2023, according to Our World in Data.
- What is the highest government spending by function recorded in South Korea?
- The highest recorded value was 26.16 in 2023.
- What is the lowest government spending by function recorded in South Korea?
- The lowest recorded value was 16.62 in 2007.
- How does South Korea rank for government spending by function?
- South Korea ranks 32nd out of 37 countries with data for 2023.
- Is government spending by function rising or falling in South Korea?
- Over the last ten years it is up 27.0%. The long-run trend across the full record is rising.
- Where does this South Korea data come from?
- The figures come from Our World in Data, published as part of Government spending by function. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).