Republic of Korea vs Upper middle income: Subsidies and other transfers
Subsidies and other transfers over time
- Republic of Korea
- Upper middle income
How they compare
Republic of Korea currently reports 68.5% against 42.0% in Upper middle income, a difference of 26.5%.
That makes Republic of Korea's figure about 1.6 times Upper middle income's.
Across all 18 years both countries report, Republic of Korea has been ahead every year.
Republic of Korea ranks 17th and Upper middle income ranks 17th 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 | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 58.2% | 39.6% | 18.7% | Republic of Korea |
| 2010s | 62.4% | 44.6% | 17.8% | Republic of Korea |
| 2020s | 70.2% | 42.9% | 27.3% | 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 Upper middle income?
- Republic of Korea, at 68.5% against 42.0% in Upper middle income as of 2023.
- What is the difference in subsidies and other transfers between Republic of Korea and Upper middle income?
- 26.5%, with Republic of Korea ahead.
- How many years of comparable data are there for Republic of Korea and Upper middle income?
- 18 years are reported by both, from 2003 to 2023.
- How do Republic of Korea and Upper middle income rank globally for subsidies and other transfers?
- Republic of Korea ranks 17th and Upper middle income ranks 17th 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.