Transfer dependency method 1, Ratio of net transfers to own spending in South Korea
South 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 South Korea, 2012–2020
Source: International Monetary Fund.
Analysis
In 2020, transfer dependency method 1, ratio of net transfers to own spending in South 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 South Korea peaked at -0.3728 in 2012 and was at its lowest, -0.5008, in 2019.
That places South 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 South 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% |
South Korea compared with similar countries
- South Korea's -0.4899 is below the median for high income countries, which is -0.3052, 1.6× the median. (27 countries reporting)
- South Korea's -0.4899 is below the median for East Asia & Pacific, which is -0.169, 2.9× the median. (10 countries reporting)
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 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 transfer dependency method 1, ratio of net transfers to own spending in South Korea?
- Transfer dependency method 1, ratio of net transfers to own spending in South 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 South 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 South Korea?
- The lowest recorded value was -0.5008 in 2019.
- How does South Korea rank for transfer dependency method 1, ratio of net transfers to own spending?
- South 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 South Korea?
- Over the last ten years it is down 31.4%. 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 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.