Grants and other revenue in Republic of Korea
Republic of Korea: Grants and other revenue was 19.8% in 2024. ▲ Rising
Grants and other revenue in Republic of 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 Republic of 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 Republic of Korea peaked at 23.9% in 2012 and was at its lowest, 8.7%, in 1976.
Republic of Korea ranks 71st 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 in Republic of 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% |
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 Republic of Korea
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 grants and other revenue in Republic of Korea?
- Grants and other revenue in Republic of 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 Republic of Korea?
- The highest recorded value was 23.9% in 2012.
- What is the lowest grants and other revenue recorded in Republic of Korea?
- The lowest recorded value was 8.7% in 1976.
- How does Republic of Korea rank for grants and other revenue?
- Republic of Korea ranks 71st out of 154 countries with data for 2024.
- Is grants and other revenue rising or falling in Republic of Korea?
- Over the last ten years it is down 11.0%. The long-run trend across the full record is rising.
- Where does this Republic of 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.