Wage bill as a percentage of GDP in Republic of Korea
Republic of Korea: Wage bill as a percentage of GDP was 6.9% in 2019. β² Rising
Wage bill as a percentage of GDP in Republic of Korea, 2000β2019
Source: World Bank.
Analysis
Republic of Korea recorded 6.9% for wage bill as a percentage of gdp in 2019. That is the highest value across all 20 years on record.
The figure is up 4.4% on the previous year and up 3.4% over ten years.
Over the whole period, wage bill as a percentage of gdp in Republic of Korea peaked at 6.9% in 2019 and was at its lowest, 5.9%, in 2000.
Republic of Korea ranks 114th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.3% | 5.9% | 6.7% | 10 |
| 2010s | 6.4% | 6.1% | 6.9% | 10 |
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 wage bill as a percentage of gdp in Republic of Korea?
- Wage bill as a percentage of gdp in Republic of Korea was 6.9% in 2019, according to the World Bank.
- What is the highest wage bill as a percentage of gdp recorded in Republic of Korea?
- The highest recorded value was 6.9% in 2019.
- What is the lowest wage bill as a percentage of gdp recorded in Republic of Korea?
- The lowest recorded value was 5.9% in 2000.
- How does Republic of Korea rank for wage bill as a percentage of gdp?
- Republic of Korea ranks 114th out of 190 countries with data for 2019.
- Is wage bill as a percentage of gdp rising or falling in Republic of Korea?
- Over the last ten years it is up 3.4%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from the World Bank, published as part of Wage bill as a percentage of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).