Australia vs Republic of Korea: Total Expenditure (central government) — Value US$, 2015 prices
Total Expenditure (central government) — Value US$, 2015 prices over time
- Australia
- Republic of Korea
How they compare
Republic of Korea currently reports 449,528 million USD against 393,801 million USD in Australia, a difference of 55,727 million USD.
That makes Republic of Korea's figure about 1.1 times Australia's.
The two have swapped places 3 times across 23 shared years of data; in 2001 it was Australia ahead.
Australia ranks 10th and Republic of Korea ranks 8th of 173 countries.
Across the 3 decades both report, Australia averaged higher in 2 and Republic of Korea in 1.
Head to head by decade
| Decade | Australia | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 226,014 million USD | 202,232 million USD | 23,781 million USD | Australia |
| 2010s | 312,954 million USD | 296,846 million USD | 16,108 million USD | Australia |
| 2020s | 392,505 million USD | 463,431 million USD | 70,926 million USD | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total expenditure (central government) — value us$, 2015 prices, Australia or Republic of Korea?
- Republic of Korea, at 449,528 million USD against 393,801 million USD in Australia as of 2023.
- What is the difference in total expenditure (central government) — value us$, 2015 prices between Australia and Republic of Korea?
- 55,727 million USD, with Republic of Korea ahead.
- How many years of comparable data are there for Australia and Republic of Korea?
- 23 years are reported by both, from 2001 to 2023.
- How do Australia and Republic of Korea rank globally for total expenditure (central government) — value us$, 2015 prices?
- Australia ranks 10th and Republic of Korea ranks 8th of 173 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Total Expenditure (central government) — Value US$, 2015 prices. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.