Annual government expenditure by function (COFOG) — Compensation of in Korea
Korea: Annual government expenditure by function (COFOG) — Compensation of was 159.16 million National currency in 2023. ◆ Volatile
Annual government expenditure by function (COFOG) — Compensation of in Korea, 1970–2023
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
The most recent figure for annual government expenditure by function (cofog) — compensation of in Korea is 159.16 million National currency, measured in 2023. That is the highest value across all 54 years on record.
The figure is up 3.2% on the previous year and up 67.6% over ten years.
Over the whole period, annual government expenditure by function (cofog) — compensation of in Korea peaked at 159.16 million National currency in 2023 and was at its lowest, 199,500 National currency, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government expenditure by function (COFOG) — Compensation of in Korea, year by year
| Year | National currency | Change |
|---|---|---|
| 1970 | 199,500 National currency | — |
| 1971 | 244,300 National currency | +22.5% |
| 1972 | 295,100 National currency | +20.8% |
| 1973 | 320,100 National currency | +8.5% |
| 1974 | 426,100 National currency | +33.1% |
| 1975 | 608,100 National currency | +42.7% |
| 1976 | 942,400 National currency | +55.0% |
| 1977 | 1.26 million National currency | +33.5% |
| 1978 | 1.59 million National currency | +26.6% |
| 1979 | 2.09 million National currency | +31.3% |
| 1980 | 2.68 million National currency | +28.0% |
| 1981 | 3.39 million National currency | +26.8% |
| 1982 | 3.99 million National currency | +17.6% |
| 1983 | 4.47 million National currency | +12.1% |
| 1984 | 4.86 million National currency | +8.5% |
| 1985 | 5.48 million National currency | +12.8% |
| 1986 | 6.11 million National currency | +11.6% |
| 1987 | 7.02 million National currency | +14.9% |
| 1988 | 8.21 million National currency | +17.0% |
| 1989 | 10.13 million National currency | +23.4% |
| 1990 | 12.28 million National currency | +21.2% |
| 1991 | 14.97 million National currency | +21.9% |
| 1992 | 17.55 million National currency | +17.2% |
| 1993 | 19.88 million National currency | +13.3% |
| 1994 | 22.90 million National currency | +15.2% |
| 1995 | 26.17 million National currency | +14.2% |
| 1996 | 29.63 million National currency | +13.2% |
| 1997 | 32.52 million National currency | +9.7% |
| 1998 | 33.54 million National currency | +3.1% |
| 1999 | 35.68 million National currency | +6.4% |
| 2000 | 38.22 million National currency | +7.1% |
| 2001 | 42.30 million National currency | +10.7% |
| 2002 | 46.54 million National currency | +10.0% |
| 2003 | 51.19 million National currency | +10.0% |
| 2004 | 56.29 million National currency | +10.0% |
| 2005 | 61.86 million National currency | +9.9% |
| 2006 | 65.71 million National currency | +6.2% |
| 2007 | 70.53 million National currency | +7.3% |
| 2008 | 75.96 million National currency | +7.7% |
| 2009 | 80.22 million National currency | +5.6% |
| 2010 | 81.28 million National currency | +1.3% |
| 2011 | 84.92 million National currency | +4.5% |
| 2012 | 89.27 million National currency | +5.1% |
| 2013 | 94.95 million National currency | +6.4% |
| 2014 | 100.77 million National currency | +6.1% |
| 2015 | 106.13 million National currency | +5.3% |
| 2016 | 111.11 million National currency | +4.7% |
| 2017 | 117.47 million National currency | +5.7% |
| 2018 | 125.51 million National currency | +6.8% |
| 2019 | 133.04 million National currency | +6.0% |
| 2020 | 139.64 million National currency | +5.0% |
| 2021 | 146.92 million National currency | +5.2% |
| 2022 | 154.18 million National currency | +4.9% |
| 2023 | 159.16 million National currency | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 797,880 National currency | 199,500 National currency | 2.09 million National currency | 10 |
| 1980s | 5.63 million National currency | 2.68 million National currency | 10.13 million National currency | 10 |
| 1990s | 24.51 million National currency | 12.28 million National currency | 35.68 million National currency | 10 |
| 2000s | 58.88 million National currency | 38.22 million National currency | 80.22 million National currency | 10 |
| 2010s | 104.45 million National currency | 81.28 million National currency | 133.04 million National currency | 10 |
| 2020s | 149.97 million National currency | 139.64 million National currency | 159.16 million National currency | 4 |
Countries ranked near Korea
- 1 Colombia 108.06 million National currency compare
- 2 Japan 31.70 million National currency compare
- 3 Poland 426,538 National currency compare
- 3 Chile 29.42 million National currency compare
- 3 Croatia 11,161 National currency compare
- 4 Netherlands 97,515 National currency compare
- 4 Russian Federation 10.17 million National currency compare
More public sector data for Korea
- Government budget allocations for R&D — Government Allocations for R&D 28,685 US dollars, PPP converted (2024)
- Annual government non-financial accounts and key indicators -37.48 million National currency (2024)
- Annual government non-financial accounts and key indicators (Revenue) 28.43 million National currency (2024)
- Annual government non-financial accounts and key indicators 115.94 million National currency (2024)
- Annual government non-financial accounts and key indicators (Revenue) 858.80 million National currency (2024)
- Annual government non-financial accounts and key indicators 169.17 million National currency (2024)
- NAAG Chapter 6: Government — Compensation of employees by general 6.6 Percentage of GDP (2024)
- Annual government expenditure by function (COFOG) — Gross fixed 113.41 million National currency (2023)
- Annual government expenditure by function (COFOG) — Gross capital 117.77 million National currency (2023)
- NAAG Chapter 6A: Government expenditure by function — Expenditure by 35.6 Percentage of GDP (2023)
Frequently asked questions
- What is annual government expenditure by function (cofog) — compensation of in Korea?
- Annual government expenditure by function (cofog) — compensation of in Korea was 159.16 million National currency in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — compensation of recorded in Korea?
- The highest recorded value was 159.16 million National currency in 2023.
- What is the lowest annual government expenditure by function (cofog) — compensation of recorded in Korea?
- The lowest recorded value was 199,500 National currency in 1970.
- How does Korea rank for annual government expenditure by function (cofog) — compensation of?
- Korea ranks 1st out of 3 groups with data for 2023.
- Is annual government expenditure by function (cofog) — compensation of rising or falling in Korea?
- Over the last ten years it is up 67.6%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Compensation of employees. Statizoid updates them automatically from the source API.
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About this data
This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org