Size of public procurement - Government at a glance indicators, 2023 in Korea
Korea: Size of public procurement - Government at a glance indicators, 2023 was 14.49 Percentage of GDP in 2021. ▲ Rising
Size of public procurement - Government at a glance indicators, 2023 in Korea, 2007–2021
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2021, size of public procurement - government at a glance indicators, 2023 in Korea stood at 14.49 Percentage of GDP.
Compared with earlier readings it is down 0.5% on the previous year and up 17.7% over ten years.
Over the whole period, size of public procurement - government at a glance indicators, 2023 in Korea peaked at 14.57 Percentage of GDP in 2020 and was at its lowest, 11.44 Percentage of GDP, in 2007.
The long-run direction has been consistently rising across the 15 years of available data.
Size of public procurement - Government at a glance indicators, 2023 in Korea, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2007 | 11.44 Percentage of GDP | — |
| 2008 | 12.02 Percentage of GDP | +5.1% |
| 2009 | 13.68 Percentage of GDP | +13.8% |
| 2010 | 12.48 Percentage of GDP | -8.8% |
| 2011 | 12.31 Percentage of GDP | -1.4% |
| 2012 | 12.28 Percentage of GDP | -0.2% |
| 2013 | 12.48 Percentage of GDP | +1.6% |
| 2014 | 12.16 Percentage of GDP | -2.6% |
| 2015 | 12.2 Percentage of GDP | +0.3% |
| 2016 | 12.41 Percentage of GDP | +1.7% |
| 2017 | 12.44 Percentage of GDP | +0.2% |
| 2018 | 12.88 Percentage of GDP | +3.5% |
| 2019 | 14.03 Percentage of GDP | +8.9% |
| 2020 | 14.57 Percentage of GDP | +3.8% |
| 2021 | 14.49 Percentage of GDP | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.38 Percentage of GDP | 11.44 Percentage of GDP | 13.68 Percentage of GDP | 3 |
| 2010s | 12.57 Percentage of GDP | 12.16 Percentage of GDP | 14.03 Percentage of GDP | 10 |
| 2020s | 14.53 Percentage of GDP | 14.49 Percentage of GDP | 14.57 Percentage of GDP | 2 |
Countries ranked near Korea
- 1 Finland 18.75 Percentage of GDP compare
- 1 Netherlands 20.13 Percentage of GDP compare
- 2 Japan 18.13 Percentage of GDP compare
- 2 Croatia 13.67 Percentage of GDP compare
- 3 Germany 17.94 Percentage of GDP compare
- 3 Slovenia 14.01 Percentage of GDP compare
- 4 Australia 17.93 Percentage of GDP compare
- 4 Estonia 13.92 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 size of public procurement - government at a glance indicators, 2023 in Korea?
- Size of public procurement - government at a glance indicators, 2023 in Korea was 14.49 Percentage of GDP in 2021, according to Organisation for Economic Co-operation and Development.
- What is the highest size of public procurement - government at a glance indicators, 2023 recorded in Korea?
- The highest recorded value was 14.57 Percentage of GDP in 2020.
- What is the lowest size of public procurement - government at a glance indicators, 2023 recorded in Korea?
- The lowest recorded value was 11.44 Percentage of GDP in 2007.
- How does Korea rank for size of public procurement - government at a glance indicators, 2023?
- Korea ranks 1st out of 3 groups with data for 2021.
- Is size of public procurement - government at a glance indicators, 2023 rising or falling in Korea?
- Over the last ten years it is up 17.7%. 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 Size of public procurement - Government at a glance indicators, 2023 edition — Government procurement spending. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
This dataset represents a selection of indicators as presented in the 2023 edition of the Government at a Glance publication related to the public procurement spending as estimated under the System of National Accounts (SNA). Government at a Glance provides a dashboard of indicators assembled to help decision makers and the public analyse and benchmark governments across OECD members and partner countries. This eighth edition provides internationally comparative data on a range of public governance, tools and practices to help identify both strengths and weaknesses in democratic governance. The Structure and indicators section of the Government at a Glance publication, describes its framework and the structure by chapters, as well as the changes compared to the previous 2021 edition.The 2023 edition presents a new structure around these three broad categories: 1) Trust and satisfaction with public services (trust in public institutions, satisfaction with public services); 2) Achieving results with good governance practices (governance of the policy cycle, regulatory governance, budgeting practices, managing public procurement, infrastructure planning and delivery, digital government and open government data); and 3) What resources public institutions use and how are they managed (public finance, public employment, managing human resources). Further information on Government at a Glance 2023 edition via a dedicated web platform, which includes a Government at a Glance Data dashboard (for a selection of indicators in an interactive format) as well as Country fact sheets (key data by country), can be found at: Government at a Glance website