Use of goods and services, Ratio of this level … total in South Korea
South Korea: Use of goods and services, Ratio of this level … total was 0.4876 in 2020. ▼ Falling
Use of goods and services, Ratio of this level of government's in South Korea, 2012–2020
Source: International Monetary Fund.
Analysis
In 2020, use of goods and services, ratio of this level of government's in South Korea stood at 0.4876. That is the lowest value across all 9 years on record.
That represents a change of down 1.2% on the previous year and down 5.8% over ten years.
Over the whole period, use of goods and services, ratio of this level of government's in South Korea peaked at 0.5804 in 2015 and was at its lowest, 0.4876, in 2020.
South Korea ranks 51st of 79 countries on this measure, in the middle of the range.
Use of goods and services, Ratio of this level … total in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2012 | 0.5176 | — |
| 2013 | 0.5502 | +6.3% |
| 2014 | 0.5344 | -2.9% |
| 2015 | 0.5804 | +8.6% |
| 2016 | 0.5691 | -1.9% |
| 2017 | 0.5521 | -3.0% |
| 2018 | 0.5101 | -7.6% |
| 2019 | 0.4934 | -3.3% |
| 2020 | 0.4876 | -1.2% |
South Korea compared with similar countries
- South Korea's 0.4876 is above the median for high income countries, which is 0.4675, 1.0× the median. (42 countries reporting)
- South Korea's 0.4876 is below the median for East Asia & Pacific, which is 0.7007, 70% of the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.5384 | 0.4934 | 0.5804 | 8 |
| 2020s | 0.4876 | 0.4876 | 0.4876 | 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 use of goods and services, ratio of this level of government's in South Korea?
- Use of goods and services, ratio of this level of government's in South Korea was 0.4876 in 2020, according to International Monetary Fund.
- What is the highest use of goods and services, ratio of this level of government's recorded in South Korea?
- The highest recorded value was 0.5804 in 2015.
- What is the lowest use of goods and services, ratio of this level of government's recorded in South Korea?
- The lowest recorded value was 0.4876 in 2020.
- How does South Korea rank for use of goods and services, ratio of this level of government's?
- South Korea ranks 51st out of 79 countries with data for 2020.
- Is use of goods and services, ratio of this level of government's rising or falling in South Korea?
- Over the last ten years it is down 5.8%. 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 Use of goods and services, 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.
Download this data
CSV · JSON — 9 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.