Share of GBARD in total general government expenditure in South Korea
South Korea: Share of GBARD in total general government expenditure was 3.7% in 2015. ▲ Rising
Share of GBARD in total general government expenditure in South Korea, 1999–2015
Source: Eurostat. Measured in Percentage of government expenditure.
Analysis
In 2015, share of gbard in total general government expenditure in South Korea stood at 3.7%.
Compared with earlier readings it is up 29.9% over ten years.
Over the whole period, share of gbard in total general government expenditure in South Korea peaked at 3.8% in 2013 and was at its lowest, 2.1%, in 2003.
South Korea ranks 1st of 47 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Share of GBARD in total general government expenditure in South Korea, year by year
| Year | Percentage of government expenditure | Change |
|---|---|---|
| 1999 | 2.2% | — |
| 2000 | 2.4% | +8.1% |
| 2001 | 2.5% | +3.3% |
| 2002 | 2.6% | +5.3% |
| 2003 | 2.1% | -18.8% |
| 2004 | 2.4% | +11.4% |
| 2005 | 2.9% | +22.6% |
| 2006 | 3.1% | +6.3% |
| 2007 | 3.1% | +2.9% |
| 2008 | 3.1% | -0.6% |
| 2009 | 3.2% | +1.0% |
| 2010 | 3.5% | +10.4% |
| 2011 | 3.5% | -1.1% |
| 2012 | 3.5% | +2.9% |
| 2013 | 3.8% | +6.5% |
| 2014 | 3.7% | -1.1% |
| 2015 | 3.7% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.2% | 2.2% | 2.2% | 1 |
| 2000s | 2.7% | 2.1% | 3.2% | 10 |
| 2010s | 3.6% | 3.5% | 3.8% | 6 |
Countries ranked near South Korea
- 1 Republic of Korea 3.7% compare
- 3 Switzerland 2.8% compare
- 4 Iceland 2.3% compare
More reference data data for South Korea
- Industrial countries' effective exchange rates - quarterly data 71.89 Index, 2015=100 (2026)
- Industrial countries' effective exchange rates - monthly data 71.21 Index, 2015=100 (2026)
- Real effective exchange rate - percentage changes, 42 trading partners 86.64 Index, 2015=100 (2025)
- Industrial countries' effective exchange rates - annual data 78.27 Index, 2015=100 (2025)
- Real effective exchange rate - euro area trading partners 78.27 Index, 2015=100 (2025)
- GERD by source of funds 100.0% (2023)
- GERD by sector of performance 84,278 Million euro (2023)
- GERD by sector of performance and type of expenditure 84,278 Million euro (2023)
- GERD by sector of performance and source of funds 84,278 Million euro (2023)
- BERD by size class and source of funds 66,741 Million euro (2023)
Frequently asked questions
- What is share of gbard in total general government expenditure in South Korea?
- Share of gbard in total general government expenditure in South Korea was 3.7% in 2015, according to Eurostat.
- What is the highest share of gbard in total general government expenditure recorded in South Korea?
- The highest recorded value was 3.8% in 2013.
- What is the lowest share of gbard in total general government expenditure recorded in South Korea?
- The lowest recorded value was 2.1% in 2003.
- How does South Korea rank for share of gbard in total general government expenditure?
- South Korea ranks 1st out of 47 countries with data for 2015.
- Is share of gbard in total general government expenditure rising or falling in South Korea?
- Over the last ten years it is up 29.9%. The long-run trend across the full record is rising.
- Where does this South Korea data come from?
- The figures come from Eurostat, published as part of Share of GBARD in total general government expenditure. Statizoid updates them automatically from the source API.
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