Other expense in South Korea
South Korea: Other expense was 43.16 trillion current LCU in 2024. ◆ Volatile
Other expense in South Korea, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for other expense in South Korea is 43.16 trillion current LCU, measured in 2024.
Compared with earlier readings it is up 9.1% on the previous year and up 40.6% over ten years.
Over the whole period, other expense in South Korea peaked at 47.59 trillion current LCU in 2012 and was at its lowest, 354.00 billion current LCU, in 1990.
South Korea ranks 4th of 149 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Other expense in South Korea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 354.00 billion current LCU | — |
| 1991 | 529.00 billion current LCU | +49.4% |
| 1992 | 668.00 billion current LCU | +26.3% |
| 1993 | 865.00 billion current LCU | +29.5% |
| 1994 | 1.25 trillion current LCU | +44.7% |
| 1995 | 1.77 trillion current LCU | +41.4% |
| 1996 | 2.59 trillion current LCU | +46.3% |
| 1997 | 2.13 trillion current LCU | -17.7% |
| 1998 | 13.31 trillion current LCU | +524.2% |
| 1999 | 13.92 trillion current LCU | +4.6% |
| 2000 | 15.12 trillion current LCU | +8.7% |
| 2001 | 17.58 trillion current LCU | +16.3% |
| 2002 | 18.68 trillion current LCU | +6.3% |
| 2003 | 29.70 trillion current LCU | +59.0% |
| 2004 | 35.14 trillion current LCU | +18.3% |
| 2005 | 36.02 trillion current LCU | +2.5% |
| 2006 | 37.14 trillion current LCU | +3.1% |
| 2007 | 27.75 trillion current LCU | -25.3% |
| 2008 | 32.48 trillion current LCU | +17.1% |
| 2009 | 39.95 trillion current LCU | +23.0% |
| 2010 | 34.53 trillion current LCU | -13.6% |
| 2011 | 36.76 trillion current LCU | +6.5% |
| 2012 | 47.59 trillion current LCU | +29.5% |
| 2013 | 30.95 trillion current LCU | -35.0% |
| 2014 | 30.70 trillion current LCU | -0.8% |
| 2015 | 30.17 trillion current LCU | -1.7% |
| 2016 | 31.40 trillion current LCU | +4.1% |
| 2017 | 35.55 trillion current LCU | +13.2% |
| 2018 | 35.52 trillion current LCU | -0.1% |
| 2019 | 34.92 trillion current LCU | -1.7% |
| 2020 | 35.49 trillion current LCU | +1.6% |
| 2021 | 36.64 trillion current LCU | +3.2% |
| 2022 | 41.37 trillion current LCU | +12.9% |
| 2023 | 39.54 trillion current LCU | -4.4% |
| 2024 | 43.16 trillion current LCU | +9.1% |
South Korea compared with similar countries
- South Korea's 43.16 trillion current LCU is above the median for high income countries, which is 13.99 billion current LCU, 3083.7× the median. (56 countries reporting)
- South Korea's 43.16 trillion current LCU is above the median for East Asia & Pacific, which is 1.27 billion current LCU, 33872.3× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Other expense in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +524.2% | 2.13 trillion current LCU | 13.31 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.74 trillion current LCU | 354.00 billion current LCU | 13.92 trillion current LCU | 10 |
| 2000s | 28.95 trillion current LCU | 15.12 trillion current LCU | 39.95 trillion current LCU | 10 |
| 2010s | 34.81 trillion current LCU | 30.17 trillion current LCU | 47.59 trillion current LCU | 10 |
| 2020s | 39.24 trillion current LCU | 35.49 trillion current LCU | 43.16 trillion current LCU | 5 |
Countries ranked near South Korea
More public sector data for South Korea
- Democracy, 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)
- Elected parliament, 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is other expense in South Korea?
- Other expense in South Korea was 43.16 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other expense recorded in South Korea?
- The highest recorded value was 47.59 trillion current LCU in 2012.
- What is the lowest other expense recorded in South Korea?
- The lowest recorded value was 354.00 billion current LCU in 1990.
- How does South Korea rank for other expense?
- South Korea ranks 4th out of 149 countries with data for 2024.
- Is other expense rising or falling in South Korea?
- Over the last ten years it is up 40.6%. The long-run trend across the full record is volatile.
- 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 Other expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Other expense is spending on dividends, rent, and other miscellaneous expenses, including provision for consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.