Which has higher goods and services expense, Republic of Korea or Serbia?

Serbia, at 12.7% against 12.5% in Republic of Korea as of 2022.

How many years of comparable data are there for Republic of Korea and Serbia?

16 years are reported by both, from 2007 to 2022.

Where does this data come from?

Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Goods and services expense (% of expense). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Republic of Korea vs Serbia: Goods and services expense

Republic of Korea

12.5%

in 2023

Serbia

12.7%

in 2022

Republic of Korea rank

91st

Serbia rank

89th

Goods and services expense over time

Republic of Korea
Serbia

How they compare

Serbia currently reports 12.7% against 12.5% in Republic of Korea, a difference of 0.2%.

The two have swapped places 2 times across 16 shared years of data; in 2007 it was Serbia ahead.

Republic of Korea ranks 91st and Serbia ranks 89th of 154 countries.

Across the 3 decades both report, Republic of Korea averaged higher in 1 and Serbia in 2.

Head to head by decade

Decade	Republic of Korea	Serbia	Difference	Ahead
2000s	8.1%	14.0%	5.9%	Serbia
2010s	12.7%	10.7%	1.9%	Republic of Korea
2020s	11.3%	12.2%	0.9%	Serbia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher goods and services expense, Republic of Korea or Serbia?: Serbia, at 12.7% against 12.5% in Republic of Korea as of 2022.
What is the difference in goods and services expense between Republic of Korea and Serbia?: 0.2%, with Serbia ahead.
How many years of comparable data are there for Republic of Korea and Serbia?: 16 years are reported by both, from 2007 to 2022.
How do Republic of Korea and Serbia rank globally for goods and services expense?: Republic of Korea ranks 91st and Serbia ranks 89th of 154 countries.
Where does this data come from?: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Goods and services expense (% of expense). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Republic of Korea vs Serbia: Goods and services expense. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 03 September 2026, from https://public-sector.statizoid.com/compare/goods-and-services-expense-percent-of-expense/korea-rep/serbia/

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About this data

Indicator: Goods and services expense (% of expense)
Unit: % of expense
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 195 places, 5,247 data points, 1972–2024
Last refreshed: 03 September 2026

Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.