Korea vs Latin America & Caribbean: Subsidies and other transfers
Subsidies and other transfers over time
- Korea
- Latin America & Caribbean
How they compare
Korea currently reports 68.5% against 43.6% in Latin America & Caribbean, a difference of 24.9%.
That makes Korea's figure about 1.6 times Latin America & Caribbean's.
Across all 21 years both countries report, Korea has been ahead every year.
Korea ranks 17th and Latin America & Caribbean ranks 15th of 152 countries.
Korea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Korea | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 55.4% | 35.9% | 19.4% | Korea |
| 2010s | 62.4% | 35.4% | 26.9% | Korea |
| 2020s | 70.2% | 38.6% | 31.6% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher subsidies and other transfers, Korea or Latin America & Caribbean?
- Korea, at 68.5% against 43.6% in Latin America & Caribbean as of 2023.
- What is the difference in subsidies and other transfers between Korea and Latin America & Caribbean?
- 24.9%, with Korea ahead.
- How many years of comparable data are there for Korea and Latin America & Caribbean?
- 21 years are reported by both, from 2003 to 2023.
- How do Korea and Latin America & Caribbean rank globally for subsidies and other transfers?
- 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.