Subnational government expenditure in Korea
Korea: Subnational government expenditure was 35.05 Percentage of GDP in 2024. ▲ Rising
Subnational government expenditure in Korea, 2000–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, subnational government expenditure in Korea stood at 35.05 Percentage of GDP.
Compared with earlier readings it is down 1.5% on the previous year and up 20.8% over ten years.
Over the whole period, subnational government expenditure in Korea peaked at 37.02 Percentage of GDP in 2022 and was at its lowest, 22.73 Percentage of GDP, in 2000.
The long-run direction has been consistently rising across the 25 years of available data.
Subnational government expenditure in Korea, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 22.73 Percentage of GDP | — |
| 2001 | 24.29 Percentage of GDP | +6.9% |
| 2002 | 23.97 Percentage of GDP | -1.3% |
| 2003 | 30.01 Percentage of GDP | +25.2% |
| 2004 | 27.11 Percentage of GDP | -9.6% |
| 2005 | 26.84 Percentage of GDP | -1.0% |
| 2006 | 27.46 Percentage of GDP | +2.3% |
| 2007 | 26.93 Percentage of GDP | -1.9% |
| 2008 | 28.6 Percentage of GDP | +6.2% |
| 2009 | 31 Percentage of GDP | +8.4% |
| 2010 | 28.38 Percentage of GDP | -8.4% |
| 2011 | 29.13 Percentage of GDP | +2.7% |
| 2012 | 29.48 Percentage of GDP | +1.2% |
| 2013 | 28.79 Percentage of GDP | -2.4% |
| 2014 | 29.02 Percentage of GDP | +0.8% |
| 2015 | 28.95 Percentage of GDP | -0.2% |
| 2016 | 28.76 Percentage of GDP | -0.7% |
| 2017 | 28.75 Percentage of GDP | -0.0% |
| 2018 | 29.43 Percentage of GDP | +2.4% |
| 2019 | 31.92 Percentage of GDP | +8.4% |
| 2020 | 35.89 Percentage of GDP | +12.5% |
| 2021 | 35.39 Percentage of GDP | -1.4% |
| 2022 | 37.02 Percentage of GDP | +4.6% |
| 2023 | 35.6 Percentage of GDP | -3.8% |
| 2024 | 35.05 Percentage of GDP | -1.5% |
Biggest year-on-year movements
Years where Subnational government expenditure in 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 |
|---|---|---|---|
| 2003 | +25.2% | 23.97 Percentage of GDP | 30.01 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.89 Percentage of GDP | 22.73 Percentage of GDP | 31 Percentage of GDP | 10 |
| 2010s | 29.26 Percentage of GDP | 28.38 Percentage of GDP | 31.92 Percentage of GDP | 10 |
| 2020s | 35.79 Percentage of GDP | 35.05 Percentage of GDP | 37.02 Percentage of GDP | 5 |
Countries ranked near Korea
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 subnational government expenditure in Korea?
- Subnational government expenditure in Korea was 35.05 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest subnational government expenditure recorded in Korea?
- The highest recorded value was 37.02 Percentage of GDP in 2022.
- What is the lowest subnational government expenditure recorded in Korea?
- The lowest recorded value was 22.73 Percentage of GDP in 2000.
- How does Korea rank for subnational government expenditure?
- Korea ranks 2nd out of 2 groups with data for 2024.
- Is subnational government expenditure rising or falling in Korea?
- Over the last ten years it is up 20.8%. 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 Subnational government expenditure. Statizoid updates them automatically from the source API.
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About this data
This dataset includes subnational government expenditure expressed in several units of measures: USD PPP, USD PPP per capita, percentage of GDP, and percentage of total public expenditure. The Subnational Government Structure and Finance Dashboard compiles several datasets with comparable data on institutional organisation and public finance at subnational government level. It provides data for the time period 2000 - 2024 (based on data availability), for all 38 OECD member countries, and the average for the European Union. It includes data for the subnational government sector, for both state and local government levels for some federal countries. The data for the latest year available is also available in PDF format and via an Interactive dashboard.