Annual government non-financial accounts and key indicators in Korea
Korea: Annual government non-financial accounts and key indicators was 115.94 million National currency in 2024. ◆ Volatile
Annual government non-financial accounts and key indicators in Korea, 1970–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
In 2024, annual government non-financial accounts and key indicators in Korea stood at 115.94 million National currency. That is the highest value across all 55 years on record.
The figure is up 2.2% on the previous year and up 74.2% over ten years.
Over the whole period, annual government non-financial accounts and key indicators in Korea peaked at 115.94 million National currency in 2024 and was at its lowest, 170,800 National currency, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government non-financial accounts and key indicators in Korea, year by year
| Year | National currency | Change |
|---|---|---|
| 1970 | 170,800 National currency | — |
| 1971 | 193,900 National currency | +13.5% |
| 1972 | 205,700 National currency | +6.1% |
| 1973 | 226,400 National currency | +10.1% |
| 1974 | 331,200 National currency | +46.3% |
| 1975 | 546,000 National currency | +64.9% |
| 1976 | 731,000 National currency | +33.9% |
| 1977 | 1.01 million National currency | +37.6% |
| 1978 | 1.56 million National currency | +54.7% |
| 1979 | 2.02 million National currency | +30.0% |
| 1980 | 2.81 million National currency | +39.0% |
| 1981 | 3.48 million National currency | +24.0% |
| 1982 | 3.36 million National currency | -3.4% |
| 1983 | 3.92 million National currency | +16.6% |
| 1984 | 4.24 million National currency | +8.0% |
| 1985 | 4.99 million National currency | +17.8% |
| 1986 | 5.35 million National currency | +7.2% |
| 1987 | 5.88 million National currency | +9.9% |
| 1988 | 7.10 million National currency | +20.7% |
| 1989 | 8.09 million National currency | +13.9% |
| 1990 | 10.49 million National currency | +29.7% |
| 1991 | 14.41 million National currency | +37.4% |
| 1992 | 16.80 million National currency | +16.6% |
| 1993 | 18.39 million National currency | +9.5% |
| 1994 | 20.95 million National currency | +13.9% |
| 1995 | 24.03 million National currency | +14.7% |
| 1996 | 26.97 million National currency | +12.3% |
| 1997 | 30.73 million National currency | +13.9% |
| 1998 | 30.87 million National currency | +0.5% |
| 1999 | 30.82 million National currency | -0.2% |
| 2000 | 34.35 million National currency | +11.4% |
| 2001 | 37.85 million National currency | +10.2% |
| 2002 | 39.32 million National currency | +3.9% |
| 2003 | 46.66 million National currency | +18.7% |
| 2004 | 50.30 million National currency | +7.8% |
| 2005 | 50.44 million National currency | +0.3% |
| 2006 | 50.45 million National currency | +0.0% |
| 2007 | 53.47 million National currency | +6.0% |
| 2008 | 60.02 million National currency | +12.2% |
| 2009 | 77.21 million National currency | +28.6% |
| 2010 | 68.35 million National currency | -11.5% |
| 2011 | 68.34 million National currency | -0.0% |
| 2012 | 68.02 million National currency | -0.5% |
| 2013 | 70.69 million National currency | +3.9% |
| 2014 | 66.57 million National currency | -5.8% |
| 2015 | 70.56 million National currency | +6.0% |
| 2016 | 75.91 million National currency | +7.6% |
| 2017 | 80.10 million National currency | +5.5% |
| 2018 | 84.72 million National currency | +5.8% |
| 2019 | 97.44 million National currency | +15.0% |
| 2020 | 101.49 million National currency | +4.2% |
| 2021 | 103.12 million National currency | +1.6% |
| 2022 | 103.34 million National currency | +0.2% |
| 2023 | 113.41 million National currency | +9.7% |
| 2024 | 115.94 million National currency | +2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 698,780 National currency | 170,800 National currency | 2.02 million National currency | 10 |
| 1980s | 4.92 million National currency | 2.81 million National currency | 8.09 million National currency | 10 |
| 1990s | 22.44 million National currency | 10.49 million National currency | 30.87 million National currency | 10 |
| 2000s | 50.01 million National currency | 34.35 million National currency | 77.21 million National currency | 10 |
| 2010s | 75.07 million National currency | 66.57 million National currency | 97.44 million National currency | 10 |
| 2020s | 107.46 million National currency | 101.49 million National currency | 115.94 million National currency | 5 |
Countries ranked near Korea
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 (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)
- Annual government expenditure by function (COFOG) — Compensation of 159.16 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 non-financial accounts and key indicators in Korea?
- Annual government non-financial accounts and key indicators in Korea was 115.94 million National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government non-financial accounts and key indicators recorded in Korea?
- The highest recorded value was 115.94 million National currency in 2024.
- What is the lowest annual government non-financial accounts and key indicators recorded in Korea?
- The lowest recorded value was 170,800 National currency in 1970.
- How does Korea rank for annual government non-financial accounts and key indicators?
- Korea ranks 1st out of 3 groups with data for 2024.
- Is annual government non-financial accounts and key indicators rising or falling in Korea?
- Over the last ten years it is up 74.2%. 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 non-financial accounts and key indicators (Expenditure) — Gross fixed capital formation. Statizoid updates them automatically from the source API.
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About this data
This table presents the full sequence of non-financial accounts for the General Government sector and its sub-sectors from the production account to the capital account. It shows the Expenditure (or Uses) side of the accounts, not including the balancing items, and is designed to be used in conjunction with the tables entitled ‘Annual government non-financial accounts and key indicators (Revenues)’ and ‘Annual government non-financial accounts and key indicators (Balancing items)’. 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 in order to view the full sequence of non-financial accounts. Alternatively, specific lines within the sequence can be selected using the ‘Transaction’ filter to compare this item for combinations of sectors, countries and time periods. It is also possible to select the government sub-sectors – central, local and state (regional) government and social security funds – using the ‘Institutional sector’ filter.These indicators were presented in the previous dissemination system in the SNA_TABLE12 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