Grants and other revenue (% of revenue) in South Korea
South Korea: Grants and other revenue (% of revenue) was 19.8% in 2024. ▲ Rising
Grants and other revenue in South Korea, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, grants and other revenue in South Korea stood at 19.8%.
Compared with earlier readings it is up 8.2% on the previous year and down 11.0% over ten years.
Over the whole period, grants and other revenue in South Korea peaked at 23.9% in 2012 and was at its lowest, 8.7%, in 1976.
South Korea ranks 70th of 154 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 53 years of available data.
Grants and other revenue (% of revenue) in South Korea, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 16.8% | — |
| 1973 | 13.3% | -20.7% |
| 1974 | 10.0% | -24.7% |
| 1975 | 9.4% | -6.3% |
| 1976 | 8.7% | -7.7% |
| 1977 | 9.6% | +10.1% |
| 1978 | 9.4% | -2.2% |
| 1979 | 10.0% | +7.2% |
| 1980 | 12.5% | +24.3% |
| 1981 | 13.7% | +9.9% |
| 1982 | 13.6% | -0.5% |
| 1983 | 10.6% | -22.3% |
| 1984 | 11.5% | +8.1% |
| 1985 | 11.9% | +3.8% |
| 1986 | 11.7% | -1.7% |
| 1987 | 9.8% | -15.9% |
| 1988 | 9.6% | -2.2% |
| 1989 | 12.2% | +26.7% |
| 1990 | 9.3% | -23.8% |
| 1991 | 10.2% | +10.4% |
| 1992 | 11.8% | +14.8% |
| 1993 | 12.4% | +5.7% |
| 1994 | 13.0% | +4.9% |
| 1995 | 12.1% | -7.5% |
| 1996 | 12.6% | +4.5% |
| 1997 | 13.4% | +6.4% |
| 1998 | 17.7% | +32.2% |
| 1999 | 17.2% | -3.3% |
| 2000 | 17.7% | +3.0% |
| 2001 | 17.6% | -0.4% |
| 2002 | 18.0% | +2.3% |
| 2003 | 17.1% | -4.9% |
| 2004 | 17.0% | -0.8% |
| 2005 | 16.2% | -4.4% |
| 2006 | 16.8% | +3.9% |
| 2007 | 17.5% | +4.2% |
| 2008 | 16.3% | -7.0% |
| 2009 | 16.6% | +1.6% |
| 2010 | 17.0% | +2.6% |
| 2011 | 17.0% | -0.2% |
| 2012 | 23.9% | +40.6% |
| 2013 | 23.5% | -1.7% |
| 2014 | 22.2% | -5.4% |
| 2015 | 21.2% | -4.4% |
| 2016 | 20.3% | -4.2% |
| 2017 | 19.3% | -5.0% |
| 2018 | 18.5% | -4.1% |
| 2019 | 19.1% | +3.3% |
| 2020 | 18.7% | -2.2% |
| 2021 | 17.9% | -4.4% |
| 2022 | 16.8% | -6.0% |
| 2023 | 18.3% | +8.6% |
| 2024 | 19.8% | +8.2% |
South Korea compared with similar countries
- South Korea's 19.8% is above the median for high income countries, which is 13.2%, 1.5× the median. (55 countries reporting)
- South Korea's 19.8% is below the median for East Asia & Pacific, which is 26.5%, 75% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.9% | 8.7% | 16.8% | 8 |
| 1980s | 11.7% | 9.6% | 13.7% | 10 |
| 1990s | 13.0% | 9.3% | 17.7% | 10 |
| 2000s | 17.1% | 16.2% | 18.0% | 10 |
| 2010s | 20.2% | 17.0% | 23.9% | 10 |
| 2020s | 18.3% | 16.8% | 19.8% | 5 |
Countries ranked near South Korea
More public sector data for South Korea
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 222.00 million SIPRI trend indicator values (2025)
- 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)
Frequently asked questions
- What is grants and other revenue in South Korea?
- Grants and other revenue in South Korea was 19.8% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest grants and other revenue recorded in South Korea?
- The highest recorded value was 23.9% in 2012.
- What is the lowest grants and other revenue recorded in South Korea?
- The lowest recorded value was 8.7% in 1976.
- How does South Korea rank for grants and other revenue?
- South Korea ranks 70th out of 154 countries with data for 2024.
- Is grants and other revenue rising or falling in South Korea?
- Over the last ten years it is down 11.0%. The long-run trend across the full record is rising.
- Where does this South Korea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Grants and other revenue (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Grants are transfers receivable by government units, from other resident or nonresident government units or international organizations, that do not meet the definition of a tax, subsidy, or social contribution. Other revenue is all revenue receivable excluding taxes, social contributions, and grants. This category of revenue includes property income, sales of goods and services, and miscellaneous other types of revenue. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.