Subsidies, payable, Ratio of this level of government's … total in South Korea
South Korea: Subsidies, payable, Ratio of this level of government's … total was 0.26 in 2020. ▼ Falling
Subsidies, payable, Ratio of this level of government's expenditure in South Korea, 2012–2020
Source: International Monetary Fund.
Analysis
The most recent figure for subsidies, payable, ratio of this level of government's expenditure in South Korea is 0.26, measured in 2020.
That represents a change of up 6.9% on the previous year and down 13.0% over ten years.
Over the whole period, subsidies, payable, ratio of this level of government's expenditure in South Korea peaked at 0.3573 in 2013 and was at its lowest, 0.2236, in 2017.
That places South Korea 70th out of 75 countries with data for 2020, putting it in the bottom quarter.
Subsidies, payable, Ratio of this level of government's … total in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2012 | 0.2988 | — |
| 2013 | 0.3573 | +19.6% |
| 2014 | 0.2857 | -20.0% |
| 2015 | 0.2913 | +2.0% |
| 2016 | 0.2361 | -19.0% |
| 2017 | 0.2236 | -5.3% |
| 2018 | 0.2356 | +5.4% |
| 2019 | 0.2431 | +3.2% |
| 2020 | 0.26 | +6.9% |
South Korea compared with similar countries
- South Korea's 0.26 is below the median for high income countries, which is 0.7517, 35% of the median. (42 countries reporting)
- South Korea's 0.26 is below the median for East Asia & Pacific, which is 0.979, 27% of the median. (9 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.2714 | 0.2236 | 0.3573 | 8 |
| 2020s | 0.26 | 0.26 | 0.26 | 1 |
Countries ranked near South Korea
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 subsidies, payable, ratio of this level of government's expenditure in South Korea?
- Subsidies, payable, ratio of this level of government's expenditure in South Korea was 0.26 in 2020, according to International Monetary Fund.
- What is the highest subsidies, payable, ratio of this level of government's expenditure recorded in South Korea?
- The highest recorded value was 0.3573 in 2013.
- What is the lowest subsidies, payable, ratio of this level of government's expenditure recorded in South Korea?
- The lowest recorded value was 0.2236 in 2017.
- How does South Korea rank for subsidies, payable, ratio of this level of government's expenditure?
- South Korea ranks 70th out of 75 countries with data for 2020.
- Is subsidies, payable, ratio of this level of government's expenditure rising or falling in South Korea?
- Over the last ten years it is down 13.0%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund, published as part of Subsidies, payable, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.