Gross domestic expenditure on R&D by sector of performance and type in Korea
Korea: Gross domestic expenditure on R&D by sector of performance and type was 141,654 US dollars, PPP converted in 2024. ◆ Volatile
Latest (2024)
141,654 US dollars, PPP converted
Change on year
up 5.8%
Rank
3rd
of 13 groups
All-time high
141,654 US dollars, PPP converted
in 2024
All-time low
11,025 US dollars, PPP converted
in 1991
Years of data
34
1991–2024
Gross domestic expenditure on R&D by sector of performance and type in Korea, 1991–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, PPP converted.
Analysis
The most recent figure for gross domestic expenditure on r&d by sector of performance and type in Korea is 141,654 US dollars, PPP converted, measured in 2024. That is the highest value across all 34 years on record.
The figure is up 5.8% on the previous year and up 68.9% over ten years.
Over the whole period, gross domestic expenditure on r&d by sector of performance and type in Korea peaked at 141,654 US dollars, PPP converted in 2024 and was at its lowest, 11,025 US dollars, PPP converted, in 1991.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic expenditure on R&D by sector of performance and type in Korea, year by year
| Year | US dollars, PPP converted | Change |
|---|---|---|
| 1991 | 11,025 US dollars, PPP converted | — |
| 1992 | 12,276 US dollars, PPP converted | +11.3% |
| 1993 | 14,249 US dollars, PPP converted | +16.1% |
| 1994 | 16,914 US dollars, PPP converted | +18.7% |
| 1995 | 18,897 US dollars, PPP converted | +11.7% |
| 1996 | 20,940 US dollars, PPP converted | +10.8% |
| 1997 | 22,585 US dollars, PPP converted | +7.9% |
| 1998 | 20,107 US dollars, PPP converted | -11.0% |
| 1999 | 21,434 US dollars, PPP converted | +6.6% |
| 2000 | 24,668 US dollars, PPP converted | +15.1% |
| 2001 | 27,716 US dollars, PPP converted | +12.4% |
| 2002 | 28,935 US dollars, PPP converted | +4.4% |
| 2003 | 30,751 US dollars, PPP converted | +6.3% |
| 2004 | 34,647 US dollars, PPP converted | +12.7% |
| 2005 | 37,300 US dollars, PPP converted | +7.7% |
| 2006 | 42,295 US dollars, PPP converted | +13.4% |
| 2007 | 47,227 US dollars, PPP converted | +11.7% |
| 2008 | 50,564 US dollars, PPP converted | +7.1% |
| 2009 | 53,711 US dollars, PPP converted | +6.2% |
| 2010 | 60,460 US dollars, PPP converted | +12.6% |
| 2011 | 67,915 US dollars, PPP converted | +12.3% |
| 2012 | 74,520 US dollars, PPP converted | +9.7% |
| 2013 | 78,846 US dollars, PPP converted | +5.8% |
| 2014 | 83,859 US dollars, PPP converted | +6.4% |
| 2015 | 84,072 US dollars, PPP converted | +0.3% |
| 2016 | 86,677 US dollars, PPP converted | +3.1% |
| 2017 | 96,449 US dollars, PPP converted | +11.3% |
| 2018 | 104,353 US dollars, PPP converted | +8.2% |
| 2019 | 109,073 US dollars, PPP converted | +4.5% |
| 2020 | 112,221 US dollars, PPP converted | +2.9% |
| 2021 | 119,354 US dollars, PPP converted | +6.4% |
| 2022 | 129,299 US dollars, PPP converted | +8.3% |
| 2023 | 133,946 US dollars, PPP converted | +3.6% |
| 2024 | 141,654 US dollars, PPP converted | +5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17,603 US dollars, PPP converted | 11,025 US dollars, PPP converted | 22,585 US dollars, PPP converted | 9 |
| 2000s | 37,781 US dollars, PPP converted | 24,668 US dollars, PPP converted | 53,711 US dollars, PPP converted | 10 |
| 2010s | 84,622 US dollars, PPP converted | 60,460 US dollars, PPP converted | 109,073 US dollars, PPP converted | 10 |
| 2020s | 127,295 US dollars, PPP converted | 112,221 US dollars, PPP converted | 141,654 US dollars, PPP converted | 5 |
Countries ranked near Korea
- 1 Japan 204,376 US dollars, PPP converted compare
- 2 Germany 160,177 US dollars, PPP converted compare
- 2 United States 847,935 US dollars, PPP converted compare
- 3 France 81,030 US dollars, PPP converted compare
- 4 United Kingdom 102,458 US dollars, PPP converted compare
- 4 Chinese Taipei 65,085 US dollars, PPP converted compare
- 5 Türkiye 45,563 US dollars, PPP converted compare
- 5 Russian Federation 46,621 US dollars, PPP converted compare
- 6 Italy 41,760 US dollars, PPP converted compare
- 6 Netherlands 27,915 US dollars, PPP converted compare
More reference data data for Korea
- Exposure to extreme precipitation — Annual precipitation change 250.37 Millimetres per year (2023)
- Exposure to extreme temperature — Annual temperature change 1.34 Degrees celsius (2023)
- IPAC Dashboard indicators — Geothermal 0 Index (2025)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 45.01 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 29.04 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 5.67 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 8.81 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 28.04 Percentage of GDP (2022)
- R&D personnel by sector of performance and region — R&D Personnel 839,582 Persons (2024)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.0005 Percentage of GDP (2021)
Frequently asked questions
- What is gross domestic expenditure on r&d by sector of performance and type in Korea?
- Gross domestic expenditure on r&d by sector of performance and type in Korea was 141,654 US dollars, PPP converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest gross domestic expenditure on r&d by sector of performance and type recorded in Korea?
- The highest recorded value was 141,654 US dollars, PPP converted in 2024.
- What is the lowest gross domestic expenditure on r&d by sector of performance and type recorded in Korea?
- The lowest recorded value was 11,025 US dollars, PPP converted in 1991.
- How does Korea rank for gross domestic expenditure on r&d by sector of performance and type?
- Korea ranks 3rd out of 13 groups with data for 2024.
- Is gross domestic expenditure on r&d by sector of performance and type rising or falling in Korea?
- Over the last ten years it is up 68.9%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Gross domestic expenditure on R&D by sector of performance and type of expenditure — Gross Domestic Expenditure on R&D (GERD). Statizoid updates them automatically from the source API.
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About this data
This table presents research and development (R&D) expenditure statistics. Data include gross domestic R&D expenditure by sector of performance (business enterprise, government, higher education, private non-profit, and total intramural) and by type of expenditure (current expenditure, capital expenditure and their respective breakdowns).