Social contributions in South Korea
South Korea: Social contributions was 29.9% in 2024. ◆ Volatile
Social contributions in South Korea, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, social contributions in South Korea stood at 29.9%. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 2.4% on the previous year and up 16.1% over ten years.
Over the whole period, social contributions in South Korea peaked at 29.9% in 2024 and was at its lowest, 0.7%, in 1972.
That places South Korea 30th out of 112 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Social contributions in South Korea, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 0.7% | — |
| 1973 | 0.9% | +28.2% |
| 1974 | 0.8% | -12.3% |
| 1975 | 0.8% | +7.4% |
| 1976 | 0.9% | +3.2% |
| 1977 | 0.9% | +6.3% |
| 1978 | 1.0% | +9.2% |
| 1979 | 1.1% | +9.3% |
| 1980 | 1.1% | -1.3% |
| 1981 | 1.0% | -5.9% |
| 1982 | 1.1% | +9.3% |
| 1983 | 1.1% | +3.0% |
| 1984 | 1.3% | +10.1% |
| 1985 | 1.5% | +19.3% |
| 1986 | 1.6% | +4.7% |
| 1987 | 1.7% | +7.5% |
| 1988 | 3.8% | +125.5% |
| 1989 | 4.4% | +14.1% |
| 1990 | 4.8% | +10.4% |
| 1991 | 5.2% | +7.8% |
| 1992 | 5.8% | +12.0% |
| 1993 | 8.5% | +46.2% |
| 1994 | 7.8% | -8.0% |
| 1995 | 7.8% | -0.1% |
| 1996 | 9.1% | +16.5% |
| 1997 | 9.5% | +4.6% |
| 1998 | 11.2% | +17.2% |
| 1999 | 11.5% | +2.8% |
| 2000 | 13.3% | +16.0% |
| 2001 | 14.9% | +11.8% |
| 2002 | 15.1% | +1.6% |
| 2003 | 14.7% | -2.6% |
| 2004 | 15.8% | +7.4% |
| 2005 | 16.2% | +2.2% |
| 2006 | 16.2% | -0.0% |
| 2007 | 14.0% | -13.2% |
| 2008 | 15.8% | +12.8% |
| 2009 | 16.4% | +3.5% |
| 2010 | 16.1% | -1.7% |
| 2011 | 16.1% | -0.2% |
| 2012 | 23.5% | +46.1% |
| 2013 | 24.4% | +3.9% |
| 2014 | 25.8% | +5.7% |
| 2015 | 26.3% | +2.0% |
| 2016 | 26.0% | -1.3% |
| 2017 | 25.8% | -0.7% |
| 2018 | 25.5% | -1.1% |
| 2019 | 27.0% | +5.7% |
| 2020 | 28.7% | +6.4% |
| 2021 | 26.8% | -6.5% |
| 2022 | 26.2% | -2.2% |
| 2023 | 29.2% | +11.5% |
| 2024 | 29.9% | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.9% | 0.7% | 1.1% | 8 |
| 1980s | 1.9% | 1.0% | 4.4% | 10 |
| 1990s | 8.1% | 4.8% | 11.5% | 10 |
| 2000s | 15.2% | 13.3% | 16.4% | 10 |
| 2010s | 23.6% | 16.1% | 27.0% | 10 |
| 2020s | 28.2% | 26.2% | 29.9% | 5 |
Countries ranked near South Korea
More public sector data for South 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 social contributions in South Korea?
- Social contributions in South Korea was 29.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in South Korea?
- The highest recorded value was 29.9% in 2024.
- What is the lowest social contributions recorded in South Korea?
- The lowest recorded value was 0.7% in 1972.
- How does South Korea rank for social contributions?
- South Korea ranks 30th out of 112 countries with data for 2024.
- Is social contributions rising or falling in South Korea?
- Over the last ten years it is up 16.1%. 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 Social contributions (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.