Transfer dependency method 1, Ratio of net transfers to own spending in Republic of Korea
Republic of Korea: Transfer dependency method 1, Ratio of net transfers to own spending was -0.4899 in 2020. ▼ Falling
Transfer dependency method 1, Ratio of net transfers to own spending in Republic of Korea, 2012–2020
Source: International Monetary Fund.
Analysis
In 2020, transfer dependency method 1, ratio of net transfers to own spending in Republic of Korea stood at -0.4899.
Compared with earlier readings it is up 2.2% on the previous year and down 31.4% over ten years.
Over the whole period, transfer dependency method 1, ratio of net transfers to own spending in Republic of Korea peaked at -0.3728 in 2012 and was at its lowest, -0.5008, in 2019.
That places Republic of Korea 45th out of 64 countries with data for 2020, putting it in the middle of the range.
Transfer dependency method 1, Ratio of net transfers to own spending in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2012 | -0.3728 | — |
| 2013 | -0.4415 | +18.4% |
| 2014 | -0.4158 | -5.8% |
| 2015 | -0.4005 | -3.7% |
| 2016 | -0.4206 | +5.0% |
| 2017 | -0.4489 | +6.7% |
| 2018 | -0.461 | +2.7% |
| 2019 | -0.5008 | +8.6% |
| 2020 | -0.4899 | -2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -0.4328 | -0.5008 | -0.3728 | 8 |
| 2020s | -0.4899 | -0.4899 | -0.4899 | 1 |
Countries ranked near Republic of Korea
More public sector data for Republic of 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 transfer dependency method 1, ratio of net transfers to own spending in Republic of Korea?
- Transfer dependency method 1, ratio of net transfers to own spending in Republic of Korea was -0.4899 in 2020, according to International Monetary Fund.
- What is the highest transfer dependency method 1, ratio of net transfers to own spending recorded in Republic of Korea?
- The highest recorded value was -0.3728 in 2012.
- What is the lowest transfer dependency method 1, ratio of net transfers to own spending recorded in Republic of Korea?
- The lowest recorded value was -0.5008 in 2019.
- How does Republic of Korea rank for transfer dependency method 1, ratio of net transfers to own spending?
- Republic of Korea ranks 45th out of 64 countries with data for 2020.
- Is transfer dependency method 1, ratio of net transfers to own spending rising or falling in Republic of Korea?
- Over the last ten years it is down 31.4%. The long-run trend across the full record is falling.
- Where does this Republic of Korea data come from?
- The figures come from International Monetary Fund, published as part of Transfer dependency method 1, Ratio of net transfers to own spending, 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.