Expenditure decentralization (ratio of own spending to general) in Republic of Korea
Republic of Korea: Expenditure decentralization (ratio of own spending to general) was 0.5431 in 2020. ▬ Flat
Expenditure decentralization (ratio of own spending to general) in Republic of Korea, 2012–2020
Source: International Monetary Fund.
Analysis
Republic of Korea recorded 0.5431 for expenditure decentralization (ratio of own spending to general) in 2020. That is the lowest value across all 9 years on record.
The figure is down 2.8% on the previous year and down 5.8% over ten years.
Over the whole period, expenditure decentralization (ratio of own spending to general) in Republic of Korea peaked at 0.5765 in 2012 and was at its lowest, 0.5431, in 2020.
That places Republic of Korea 39th out of 65 countries with data for 2020, putting it in the middle of the range.
Expenditure decentralization (ratio of own spending to general) in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2012 | 0.5765 | — |
| 2013 | 0.558 | -3.2% |
| 2014 | 0.547 | -2.0% |
| 2015 | 0.5528 | +1.1% |
| 2016 | 0.5572 | +0.8% |
| 2017 | 0.5469 | -1.8% |
| 2018 | 0.5657 | +3.4% |
| 2019 | 0.5586 | -1.3% |
| 2020 | 0.5431 | -2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.5578 | 0.5469 | 0.5765 | 8 |
| 2020s | 0.5431 | 0.5431 | 0.5431 | 1 |
Countries ranked near Republic of Korea
- 36 Kyrgyzstan 0.5765 compare
- 37 Australia 0.5722 compare
- 38 Peru 0.5527 compare
- 40 Albania 0.5138 compare
- 41 Uzbekistan 0.5112 compare
- 42 Kazakhstan 0.4818 compare
More public sector data for Republic of 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 expenditure decentralization (ratio of own spending to general) in Republic of Korea?
- Expenditure decentralization (ratio of own spending to general) in Republic of Korea was 0.5431 in 2020, according to International Monetary Fund.
- What is the highest expenditure decentralization (ratio of own spending to general) recorded in Republic of Korea?
- The highest recorded value was 0.5765 in 2012.
- What is the lowest expenditure decentralization (ratio of own spending to general) recorded in Republic of Korea?
- The lowest recorded value was 0.5431 in 2020.
- How does Republic of Korea rank for expenditure decentralization (ratio of own spending to general)?
- Republic of Korea ranks 39th out of 65 countries with data for 2020.
- Is expenditure decentralization (ratio of own spending to general) rising or falling in Republic of Korea?
- Over the last ten years it is down 5.8%. The long-run trend across the full record is flat.
- Where does this Republic of Korea data come from?
- The figures come from International Monetary Fund, published as part of Expenditure decentralization (ratio of own spending to general government spending), 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.