South Korea vs Latin America & Caribbean: Subsidies and other transfers (% of expense)
Subsidies and other transfers (% of expense) over time
- South Korea
- Latin America & Caribbean
How they compare
South Korea currently reports 68.5% against 43.6% in Latin America & Caribbean, a difference of 24.9%.
That makes South Korea's figure about 1.6 times Latin America & Caribbean's.
Across all 21 years both countries report, South Korea has been ahead every year.
South Korea ranks 17th and Latin America & Caribbean ranks 15th of 152 countries.
South Korea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | South Korea | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 55.4% | 35.9% | 19.4% | South Korea |
| 2010s | 62.4% | 35.4% | 26.9% | South Korea |
| 2020s | 70.2% | 38.6% | 31.6% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher subsidies and other transfers, South Korea or Latin America & Caribbean?
- South Korea, at 68.5% against 43.6% in Latin America & Caribbean as of 2023.
- What is the difference in subsidies and other transfers between South Korea and Latin America & Caribbean?
- 24.9%, with South Korea ahead.
- How many years of comparable data are there for South Korea and Latin America & Caribbean?
- 21 years are reported by both, from 2003 to 2023.
- How do South Korea and Latin America & Caribbean rank globally for subsidies and other transfers?
- South Korea ranks 17th and Latin America & Caribbean ranks 15th of 152 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Subsidies and other transfers (% of expense). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.