Share of government expenditure going to interest payments in Republic of Korea
Republic of Korea: Share of government expenditure going to interest payments was 4.43 in 2023. ▼ Falling
Latest (2023)
4.43
Change on year
up 27.8%
World rank
95th
of 152 countries
All-time high
8.31
in 1986
All-time low
2.57
in 1972
Years of data
52
1972–2023
Share of government expenditure going to interest payments in Republic of Korea, 1972–2023
Source: Our World in Data.
Analysis
Republic of Korea recorded 4.43 for share of government expenditure going to interest payments in 2023.
The figure is up 27.8% on the previous year and down 21.3% over ten years.
Over the whole period, share of government expenditure going to interest payments in Republic of Korea peaked at 8.31 in 1986 and was at its lowest, 2.57, in 1972.
That places Republic of Korea 95th out of 152 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Share of government expenditure going to interest payments in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1972 | 2.57 | — |
| 1973 | 3.36 | +30.6% |
| 1974 | 3.17 | -5.6% |
| 1975 | 3.36 | +5.8% |
| 1976 | 4.46 | +32.8% |
| 1977 | 5.21 | +16.8% |
| 1978 | 5.55 | +6.7% |
| 1979 | 6 | +8.1% |
| 1980 | 7.28 | +21.2% |
| 1981 | 7.67 | +5.4% |
| 1982 | 7.15 | -6.8% |
| 1983 | 7.12 | -0.4% |
| 1984 | 7.96 | +11.7% |
| 1985 | 8.11 | +1.9% |
| 1986 | 8.31 | +2.5% |
| 1987 | 7.36 | -11.5% |
| 1988 | 6.49 | -11.8% |
| 1989 | 3.75 | -42.3% |
| 1990 | 4.75 | +26.7% |
| 1991 | 3.9 | -17.9% |
| 1992 | 4.01 | +3.0% |
| 1993 | 2.91 | -27.5% |
| 1994 | 3.73 | +27.9% |
| 1995 | 3.41 | -8.5% |
| 1996 | 3.02 | -11.4% |
| 1997 | 3.19 | +5.7% |
| 1998 | 4.14 | +29.8% |
| 1999 | 6.7 | +61.8% |
| 2000 | 6.87 | +2.5% |
| 2001 | 6.23 | -9.2% |
| 2002 | 5.65 | -9.4% |
| 2003 | 4.55 | -19.4% |
| 2004 | 5.58 | +22.6% |
| 2005 | 5.92 | +5.9% |
| 2006 | 6.51 | +10.1% |
| 2007 | 6.85 | +5.1% |
| 2008 | 6.79 | -0.8% |
| 2009 | 4.95 | -27.1% |
| 2010 | 5.74 | +16.0% |
| 2011 | 5.78 | +0.7% |
| 2012 | 5.68 | -1.7% |
| 2013 | 5.63 | -1.0% |
| 2014 | 5.67 | +0.8% |
| 2015 | 5.33 | -6.0% |
| 2016 | 4.8 | -9.9% |
| 2017 | 4.41 | -8.1% |
| 2018 | 4.06 | -7.9% |
| 2019 | 3.76 | -7.4% |
| 2020 | 3.66 | -2.8% |
| 2021 | 3.3 | -9.7% |
| 2022 | 3.46 | +4.9% |
| 2023 | 4.43 | +27.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.21 | 2.57 | 6 | 8 |
| 1980s | 7.12 | 3.75 | 8.31 | 10 |
| 1990s | 3.98 | 2.91 | 6.7 | 10 |
| 2000s | 5.99 | 4.55 | 6.87 | 10 |
| 2010s | 5.09 | 3.76 | 5.78 | 10 |
| 2020s | 3.71 | 3.3 | 4.43 | 4 |
Countries ranked near Republic of Korea
More reference data data for Republic of Korea
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9638 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.9281 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 3.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2074 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 3.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 3.23 (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 (N2O) - Crop Residues 1.13 (2050)
Frequently asked questions
- What is share of government expenditure going to interest payments in Republic of Korea?
- Share of government expenditure going to interest payments in Republic of Korea was 4.43 in 2023, according to Our World in Data.
- What is the highest share of government expenditure going to interest payments recorded in Republic of Korea?
- The highest recorded value was 8.31 in 1986.
- What is the lowest share of government expenditure going to interest payments recorded in Republic of Korea?
- The lowest recorded value was 2.57 in 1972.
- How does Republic of Korea rank for share of government expenditure going to interest payments?
- Republic of Korea ranks 95th out of 152 countries with data for 2023.
- Is share of government expenditure going to interest payments rising or falling in Republic of Korea?
- Over the last ten years it is down 21.3%. The long-run trend across the full record is falling.
- Where does this Republic of Korea data come from?
- The figures come from Our World in Data, published as part of Share of government expenditure going to interest payments. Statizoid updates them automatically from the source API.
Download this data
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