Korea vs Latin America & the Caribbean (IDA & IBRD countries): Subsidies and other transfers
Subsidies and other transfers over time
- Korea
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Korea currently reports 68.5% against 43.6% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 24.9%.
That makes Korea's figure about 1.6 times Latin America & the Caribbean (IDA & IBRD countries)'s.
Across all 24 years both countries report, Korea has been ahead every year.
Korea ranks 17th and Latin America & the Caribbean (IDA & IBRD countries) 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 & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 55.2% | 36.5% | 18.7% | 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 & the Caribbean (IDA & IBRD countries)?
- Korea, at 68.5% against 43.6% in Latin America & the Caribbean (IDA & IBRD countries) as of 2023.
- What is the difference in subsidies and other transfers between Korea and Latin America & the Caribbean (IDA & IBRD countries)?
- 24.9%, with Korea ahead.
- How many years of comparable data are there for Korea and Latin America & the Caribbean (IDA & IBRD countries)?
- 24 years are reported by both, from 2000 to 2023.
- How do Korea and Latin America & the Caribbean (IDA & IBRD countries) rank globally for subsidies and other transfers?
- Korea ranks 17th and Latin America & the Caribbean (IDA & IBRD countries) 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.