Compensation of employees, Ratio of this level of government's in Korea
Korea: Compensation of employees, Ratio of this level of government's was 0.4229 in 2020. ▬ Flat
Compensation of employees, Ratio of this level of government's in Korea, 2012–2020
Source: International Monetary Fund.
Analysis
In 2020, compensation of employees, ratio of this level of government's in Korea stood at 0.4229.
Compared with earlier readings it is down 0.4% on the previous year and down 0.2% over ten years.
Over the whole period, compensation of employees, ratio of this level of government's in Korea peaked at 0.4315 in 2016 and was at its lowest, 0.4219, in 2014.
That places Korea 56th out of 79 countries with data for 2020, putting it in the middle of the range.
Compensation of employees, Ratio of this level of government's in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2012 | 0.4236 | — |
| 2013 | 0.4239 | +0.1% |
| 2014 | 0.4219 | -0.5% |
| 2015 | 0.4232 | +0.3% |
| 2016 | 0.4315 | +2.0% |
| 2017 | 0.4302 | -0.3% |
| 2018 | 0.429 | -0.3% |
| 2019 | 0.4245 | -1.1% |
| 2020 | 0.4229 | -0.4% |
Korea compared with similar countries
- Korea's 0.4229 is below the median for high income countries, which is 0.4996, 85% of the median. (42 countries reporting)
- Korea's 0.4229 is below the median for East Asia & Pacific, which is 0.6734, 63% of the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.426 | 0.4219 | 0.4315 | 8 |
| 2020s | 0.4229 | 0.4229 | 0.4229 | 1 |
Countries ranked near Korea
More public sector data for Korea
- Arms imports 1.01 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 19.5 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 362.84 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.01 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 919.23 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0254 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -0.4824 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 47.57 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2,234 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees, ratio of this level of government's in Korea?
- Compensation of employees, ratio of this level of government's in Korea was 0.4229 in 2020, according to International Monetary Fund.
- What is the highest compensation of employees, ratio of this level of government's recorded in Korea?
- The highest recorded value was 0.4315 in 2016.
- What is the lowest compensation of employees, ratio of this level of government's recorded in Korea?
- The lowest recorded value was 0.4219 in 2014.
- How does Korea rank for compensation of employees, ratio of this level of government's?
- Korea ranks 56th out of 79 countries with data for 2020.
- Is compensation of employees, ratio of this level of government's rising or falling in Korea?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is flat.
- Where does this Korea data come from?
- The figures come from International Monetary Fund, published as part of Compensation of employees, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.