South Korea vs World: Subsidies and other transfers (% of expense)
Subsidies and other transfers (% of expense) over time
- South Korea
- World
How they compare
South Korea currently reports 68.5% against 44.9% in World, a difference of 23.6%.
That makes South Korea's figure about 1.5 times World's.
Across all 21 years both countries report, South Korea has been ahead every year.
South Korea ranks 17th and World ranks 14th 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 | World | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 55.4% | 40.3% | 15.1% | South Korea |
| 2010s | 62.4% | 41.4% | 21.0% | South Korea |
| 2020s | 70.7% | 44.5% | 26.2% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher subsidies and other transfers, South Korea or World?
- South Korea, at 68.5% against 44.9% in World as of 2023.
- What is the difference in subsidies and other transfers between South Korea and World?
- 23.6%, with South Korea ahead.
- How many years of comparable data are there for South Korea and World?
- 21 years are reported by both, from 2002 to 2022.
- How do South Korea and World rank globally for subsidies and other transfers?
- South Korea ranks 17th and World ranks 14th 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.