Other expense in Republic of Korea
Republic of Korea: Other expense was 5.8% in 2023. ◆ Volatile
Other expense in Republic of Korea, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, other expense in Republic of Korea stood at 5.8%.
That represents a change of up 1.9% on the previous year and down 32.4% over ten years.
Over the whole period, other expense in Republic of Korea peaked at 22.5% in 2004 and was at its lowest, 1.3%, in 1990.
Republic of Korea ranks 83rd of 147 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Other expense in Republic of Korea, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 1.3% | — |
| 1991 | 1.7% | +24.3% |
| 1992 | 1.8% | +8.4% |
| 1993 | 2.1% | +16.6% |
| 1994 | 2.5% | +21.8% |
| 1995 | 3.1% | +21.8% |
| 1996 | 4.0% | +28.3% |
| 1997 | 3.0% | -24.3% |
| 1998 | 16.2% | +438.1% |
| 1999 | 15.8% | -2.3% |
| 2000 | 15.1% | -4.9% |
| 2001 | 15.2% | +1.0% |
| 2002 | 15.4% | +1.3% |
| 2003 | 20.5% | +32.9% |
| 2004 | 22.5% | +9.9% |
| 2005 | 21.1% | -6.3% |
| 2006 | 19.9% | -5.7% |
| 2007 | 14.1% | -29.0% |
| 2008 | 15.4% | +8.7% |
| 2009 | 17.2% | +11.8% |
| 2010 | 14.8% | -13.7% |
| 2011 | 14.6% | -1.5% |
| 2012 | 13.4% | -8.1% |
| 2013 | 8.6% | -36.0% |
| 2014 | 8.3% | -3.1% |
| 2015 | 7.7% | -6.8% |
| 2016 | 7.7% | -1.0% |
| 2017 | 8.1% | +5.3% |
| 2018 | 7.5% | -7.1% |
| 2019 | 6.6% | -12.2% |
| 2020 | 6.2% | -6.7% |
| 2021 | 5.8% | -6.1% |
| 2022 | 5.7% | -1.5% |
| 2023 | 5.8% | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.2% | 1.3% | 16.2% | 10 |
| 2000s | 17.6% | 14.1% | 22.5% | 10 |
| 2010s | 9.7% | 6.6% | 14.8% | 10 |
| 2020s | 5.9% | 5.7% | 6.2% | 4 |
Countries ranked near Republic of Korea
- 80 Slovakia 6.0% compare
- 81 Mexico 6.0% compare
- 82 El Salvador 6.0% compare
- 84 Bosnia and Herzegovina 5.7% compare
- 85 Ecuador 5.5% compare
- 86 Tajikistan 5.1% compare
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 other expense in Republic of Korea?
- Other expense in Republic of Korea was 5.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other expense recorded in Republic of Korea?
- The highest recorded value was 22.5% in 2004.
- What is the lowest other expense recorded in Republic of Korea?
- The lowest recorded value was 1.3% in 1990.
- How does Republic of Korea rank for other expense?
- Republic of Korea ranks 83rd out of 147 countries with data for 2023.
- Is other expense rising or falling in Republic of Korea?
- Over the last ten years it is down 32.4%. The long-run trend across the full record is volatile.
- 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 Other expense (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.