How does Korea rank for government budget allocations for r&d — government allocations for r&d?

Korea ranks 2nd out of 12 groups with data for 2024.

Is government budget allocations for r&d — government allocations for r&d rising or falling in Korea?

Over the last ten years it is up 22.6%. The long-run trend across the full record is rising.

Where does this Korea data come from?

The figures come from Organisation for Economic Co-operation and Development, published as part of Government budget allocations for R&D — Government Allocations for R&D (GBARD). Statizoid updates them automatically from the source API.

Government budget allocations for R&D — Government Allocations for R&D in Korea

Name: Government budget allocations for R&D — Government Allocations for R&D in Korea
Creator: Organisation for Economic Co-operation and Development
License: OECD Terms and Conditions (attribution required)

Korea: Government budget allocations for R&D — Government Allocations for R&D was 28,685 US dollars, PPP converted in 2024. ▲ Rising

Latest (2024)

28,685 US dollars, PPP converted

Change on year

down 17.9%

Rank

2nd

of 12 groups

All-time high

34,959 US dollars, PPP converted

in 2023

All-time low

5,886 US dollars, PPP converted

in 1999

Years of data

1999–2024

Government budget allocations for R&D — Government Allocations for R&D in Korea, 1999–2024

Source: Organisation for Economic Co-operation and Development. Measured in US dollars, PPP converted.

Analysis

In 2024, government budget allocations for r&d — government allocations for r&d in Korea stood at 28,685 US dollars, PPP converted.

Compared with earlier readings it is down 17.9% on the previous year and up 22.6% over ten years.

Over the whole period, government budget allocations for r&d — government allocations for r&d in Korea peaked at 34,959 US dollars, PPP converted in 2023 and was at its lowest, 5,886 US dollars, PPP converted, in 1999.

The long-run direction has been consistently rising across the 26 years of available data.

Government budget allocations for R&D — Government Allocations for R&D in Korea, year by year

Annual values for Government budget allocations for R&D — Government Allocations for R&D (GBARD) in Korea, 1999 to 2024.
Year	US dollars, PPP converted	Change
1999	5,886 US dollars, PPP converted	—
2000	6,679 US dollars, PPP converted	+13.5%
2001	7,717 US dollars, PPP converted	+15.5%
2002	8,615 US dollars, PPP converted	+11.6%
2003	8,993 US dollars, PPP converted	+4.4%
2004	9,526 US dollars, PPP converted	+5.9%
2005	12,044 US dollars, PPP converted	+26.4%
2006	13,780 US dollars, PPP converted	+14.4%
2007	14,730 US dollars, PPP converted	+6.9%
2008	16,238 US dollars, PPP converted	+10.2%
2009	17,993 US dollars, PPP converted	+10.8%
2010	18,889 US dollars, PPP converted	+5.0%
2011	20,270 US dollars, PPP converted	+7.3%
2012	21,535 US dollars, PPP converted	+6.2%
2013	22,799 US dollars, PPP converted	+5.9%
2014	23,393 US dollars, PPP converted	+2.6%
2015	24,077 US dollars, PPP converted	+2.9%
2016	23,914 US dollars, PPP converted	-0.7%
2017	23,873 US dollars, PPP converted	-0.2%
2018	24,038 US dollars, PPP converted	+0.7%
2019	25,543 US dollars, PPP converted	+6.3%
2020	29,246 US dollars, PPP converted	+14.5%
2021	32,144 US dollars, PPP converted	+9.9%
2022	33,877 US dollars, PPP converted	+5.4%
2023	34,959 US dollars, PPP converted	+3.2%
2024	28,685 US dollars, PPP converted	-17.9%

Averages by decade

Decade	Average	Lowest	Highest	Years
1990s	5,886 US dollars, PPP converted	5,886 US dollars, PPP converted	5,886 US dollars, PPP converted	1
2000s	11,631 US dollars, PPP converted	6,679 US dollars, PPP converted	17,993 US dollars, PPP converted	10
2010s	22,833 US dollars, PPP converted	18,889 US dollars, PPP converted	25,543 US dollars, PPP converted	10
2020s	31,782 US dollars, PPP converted	28,685 US dollars, PPP converted	34,959 US dollars, PPP converted	5

Countries ranked near Korea

1 United States 154,300 US dollars, PPP converted compare
1 Japan 74,742 US dollars, PPP converted compare
2 Germany 52,859 US dollars, PPP converted compare
3 France 24,431 US dollars, PPP converted compare
3 United Kingdom 23,038 US dollars, PPP converted compare
4 Türkiye 12,106 US dollars, PPP converted compare
4 Russian Federation 22,439 US dollars, PPP converted compare
5 Italy 18,850 US dollars, PPP converted compare
5 Netherlands 10,205 US dollars, PPP converted compare

See the full ranking of 43 places →

More public sector data for Korea

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)
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)

All data for Korea →

Frequently asked questions

What is government budget allocations for r&d — government allocations for r&d in Korea?: Government budget allocations for r&d — government allocations for r&d in Korea was 28,685 US dollars, PPP converted in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest government budget allocations for r&d — government allocations for r&d recorded in Korea?: The highest recorded value was 34,959 US dollars, PPP converted in 2023.
What is the lowest government budget allocations for r&d — government allocations for r&d recorded in Korea?: The lowest recorded value was 5,886 US dollars, PPP converted in 1999.
How does Korea rank for government budget allocations for r&d — government allocations for r&d?: Korea ranks 2nd out of 12 groups with data for 2024.
Is government budget allocations for r&d — government allocations for r&d rising or falling in Korea?: Over the last ten years it is up 22.6%. The long-run trend across the full record is rising.
Where does this Korea data come from?: The figures come from Organisation for Economic Co-operation and Development, published as part of Government budget allocations for R&D — Government Allocations for R&D (GBARD). Statizoid updates them automatically from the source API.

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Government budget allocations for R&D — Government Allocations for R&D in Korea. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 10 September 2026, from https://public-sector.statizoid.com/stat/government-budget-allocations-for-r-and-d-government-allocations-for-r-and-d-gbard/korea/

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About this data

Indicator: Government budget allocations for R&D — Government Allocations for R&D (GBARD)
Unit: US dollars, PPP converted
Source: Organisation for Economic Co-operation and Development
Licence: OECD Terms and Conditions (attribution required)
Coverage: 43 places, 1,446 data points, 1981–2025
Last refreshed: 21 August 2026

This table contains data on Government budget allocations for R&D (GBARD) by socio-economic objective (SEO), using the NABS 2007 classification