NAAG Chapter 6A … Expenditure by function of general government in Korea
Korea: NAAG Chapter 6A … Expenditure by function of general government was 35.6 Percentage of GDP in 2023. ▲ Rising
NAAG Chapter 6A: Government expenditure by function — Expenditure by in Korea, 1970–2023
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for naag chapter 6a: government expenditure by function — expenditure by in Korea is 35.6 Percentage of GDP, measured in 2023.
Compared with earlier readings it is down 3.8% on the previous year and up 23.7% over ten years.
Over the whole period, naag chapter 6a: government expenditure by function — expenditure by in Korea peaked at 37.02 Percentage of GDP in 2022 and was at its lowest, 17.66 Percentage of GDP, in 1973.
The long-run direction has been consistently rising across the 54 years of available data.
NAAG Chapter 6A … Expenditure by function of general government in Korea, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1970 | 19.11 Percentage of GDP | — |
| 1971 | 19.86 Percentage of GDP | +3.9% |
| 1972 | 18.86 Percentage of GDP | -5.0% |
| 1973 | 17.66 Percentage of GDP | -6.4% |
| 1974 | 18.25 Percentage of GDP | +3.4% |
| 1975 | 21.9 Percentage of GDP | +20.0% |
| 1976 | 20.44 Percentage of GDP | -6.7% |
| 1977 | 21.07 Percentage of GDP | +3.1% |
| 1978 | 19.64 Percentage of GDP | -6.8% |
| 1979 | 20.27 Percentage of GDP | +3.2% |
| 1980 | 21.71 Percentage of GDP | +7.1% |
| 1981 | 24.25 Percentage of GDP | +11.7% |
| 1982 | 22.26 Percentage of GDP | -8.2% |
| 1983 | 21.33 Percentage of GDP | -4.2% |
| 1984 | 19.74 Percentage of GDP | -7.4% |
| 1985 | 19.95 Percentage of GDP | +1.0% |
| 1986 | 18.85 Percentage of GDP | -5.5% |
| 1987 | 17.88 Percentage of GDP | -5.2% |
| 1988 | 18 Percentage of GDP | +0.7% |
| 1989 | 19.18 Percentage of GDP | +6.5% |
| 1990 | 19.85 Percentage of GDP | +3.5% |
| 1991 | 20.66 Percentage of GDP | +4.1% |
| 1992 | 21.42 Percentage of GDP | +3.7% |
| 1993 | 21.11 Percentage of GDP | -1.5% |
| 1994 | 19.88 Percentage of GDP | -5.8% |
| 1995 | 20.29 Percentage of GDP | +2.0% |
| 1996 | 20.8 Percentage of GDP | +2.5% |
| 1997 | 21.52 Percentage of GDP | +3.4% |
| 1998 | 24.37 Percentage of GDP | +13.3% |
| 1999 | 23.67 Percentage of GDP | -2.9% |
| 2000 | 22.73 Percentage of GDP | -4.0% |
| 2001 | 24.29 Percentage of GDP | +6.9% |
| 2002 | 23.97 Percentage of GDP | -1.3% |
| 2003 | 30.01 Percentage of GDP | +25.2% |
| 2004 | 27.11 Percentage of GDP | -9.6% |
| 2005 | 26.84 Percentage of GDP | -1.0% |
| 2006 | 27.46 Percentage of GDP | +2.3% |
| 2007 | 26.93 Percentage of GDP | -1.9% |
| 2008 | 28.6 Percentage of GDP | +6.2% |
| 2009 | 31 Percentage of GDP | +8.4% |
| 2010 | 28.38 Percentage of GDP | -8.4% |
| 2011 | 29.13 Percentage of GDP | +2.7% |
| 2012 | 29.48 Percentage of GDP | +1.2% |
| 2013 | 28.79 Percentage of GDP | -2.4% |
| 2014 | 29.02 Percentage of GDP | +0.8% |
| 2015 | 28.95 Percentage of GDP | -0.2% |
| 2016 | 28.76 Percentage of GDP | -0.7% |
| 2017 | 28.75 Percentage of GDP | -0.0% |
| 2018 | 29.43 Percentage of GDP | +2.4% |
| 2019 | 31.92 Percentage of GDP | +8.4% |
| 2020 | 35.89 Percentage of GDP | +12.5% |
| 2021 | 35.39 Percentage of GDP | -1.4% |
| 2022 | 37.02 Percentage of GDP | +4.6% |
| 2023 | 35.6 Percentage of GDP | -3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.71 Percentage of GDP | 17.66 Percentage of GDP | 21.9 Percentage of GDP | 10 |
| 1980s | 20.32 Percentage of GDP | 17.88 Percentage of GDP | 24.25 Percentage of GDP | 10 |
| 1990s | 21.36 Percentage of GDP | 19.85 Percentage of GDP | 24.37 Percentage of GDP | 10 |
| 2000s | 26.89 Percentage of GDP | 22.73 Percentage of GDP | 31 Percentage of GDP | 10 |
| 2010s | 29.26 Percentage of GDP | 28.38 Percentage of GDP | 31.92 Percentage of GDP | 10 |
| 2020s | 35.98 Percentage of GDP | 35.39 Percentage of GDP | 37.02 Percentage of GDP | 4 |
Countries ranked near Korea
- 1 Finland 57.71 Percentage of GDP compare
- 2 France 56.96 Percentage of GDP compare
- 2 Poland 49.23 Percentage of GDP compare
- 3 Austria 55.19 Percentage of GDP compare
- 4 Belgium 54.09 Percentage of GDP compare
- 4 Slovenia 46.48 Percentage of GDP compare
- 5 Italy 50.37 Percentage of GDP compare
- 5 Latvia 45.31 Percentage of GDP compare
More public sector data for Korea
- Government budget allocations for R&D — Government Allocations for R&D 28,685 US dollars, PPP converted (2024)
- 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)
Frequently asked questions
- What is naag chapter 6a: government expenditure by function — expenditure by in Korea?
- Naag chapter 6a: government expenditure by function — expenditure by in Korea was 35.6 Percentage of GDP in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest naag chapter 6a: government expenditure by function — expenditure by recorded in Korea?
- The highest recorded value was 37.02 Percentage of GDP in 2022.
- What is the lowest naag chapter 6a: government expenditure by function — expenditure by recorded in Korea?
- The lowest recorded value was 17.66 Percentage of GDP in 1973.
- How does Korea rank for naag chapter 6a: government expenditure by function — expenditure by?
- Korea ranks 2nd out of 2 groups with data for 2023.
- Is naag chapter 6a: government expenditure by function — expenditure by rising or falling in Korea?
- Over the last ten years it is up 23.7%. 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 NAAG Chapter 6A: Government expenditure by function — Expenditure by function of general government. Statizoid updates them automatically from the source API.
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About this data
The National Accounts at a Glance (NAAG) is based on the original publication and has nine chapters: The first chapter focuses on indicators of Gross Domestic Product (GDP). The second is about income and related indicators and presents measures of net national income, savings and net lending/net borrowing. The third chapter looks at the expenditure approach to GDP, with information on the key components of demand and imports. The fourth chapter presents indicators from a production perspective. The fifth chapter looks at household sector indicators such as household disposable income, saving and net worth. The sixth chapter focuses on general government, presenting indicators such as general government revenue, expenditure and gross debt. The seventh chapter looks at financial and non-financial corporations. The eighth chapter presents indicators of capital stock and depreciation. Finally, chapter 9 provides reference indicators, important in their own right but also because they are used in the construction of many of the indicators presented elsewhere in NAAG.