Other expense (% of expense) in South Korea
South Korea: Other expense (% of expense) was 5.8% in 2023. ◆ Volatile
Other expense in South 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 South 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 South Korea peaked at 22.5% in 2004 and was at its lowest, 1.3%, in 1990.
South 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 (% of expense) in South 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% |
South Korea compared with similar countries
- South Korea's 5.8% is below the median for high income countries, which is 9.4%, 62% of the median. (55 countries reporting)
- South Korea's 5.8% is below the median for East Asia & Pacific, which is 6.3%, 92% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Other expense (% of 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 | +438.1% | 3.0% | 16.2% |
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 South 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 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 other expense in South Korea?
- Other expense in South 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 South Korea?
- The highest recorded value was 22.5% in 2004.
- What is the lowest other expense recorded in South Korea?
- The lowest recorded value was 1.3% in 1990.
- How does South Korea rank for other expense?
- South Korea ranks 83rd out of 147 countries with data for 2023.
- Is other expense rising or falling in South Korea?
- Over the last ten years it is down 32.4%. 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 (% 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.