Republic of Korea vs Middle income: Subsidies and other transfers
Subsidies and other transfers over time
- Republic of Korea
- Middle income
How they compare
Republic of Korea currently reports 68.5% against 37.8% in Middle income, a difference of 30.7%.
That makes Republic of Korea's figure about 1.8 times Middle income's.
Across all 17 years both countries report, Republic of Korea has been ahead every year.
Republic of Korea ranks 17th and Middle income ranks 20th of 152 countries.
Republic of Korea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Republic of Korea | Middle income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 57.2% | 33.6% | 23.6% | Republic of Korea |
| 2010s | 62.4% | 35.1% | 27.2% | Republic of Korea |
| 2020s | 70.7% | 38.2% | 32.5% | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher subsidies and other transfers, Republic of Korea or Middle income?
- Republic of Korea, at 68.5% against 37.8% in Middle income as of 2023.
- What is the difference in subsidies and other transfers between Republic of Korea and Middle income?
- 30.7%, with Republic of Korea ahead.
- How many years of comparable data are there for Republic of Korea and Middle income?
- 17 years are reported by both, from 2004 to 2022.
- How do Republic of Korea and Middle income rank globally for subsidies and other transfers?
- Republic of Korea ranks 17th and Middle income ranks 20th 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.