Lao People's Democratic Republic vs Republic of Korea: Total Expenditure (central government) — Value US$
Total Expenditure (central government) — Value US$ over time
- Lao People's Democratic Republic
- Republic of Korea
How they compare
Republic of Korea currently reports 440,599 million USD against 2,494 million USD in Lao People's Democratic Republic, a difference of 438,105 million USD.
That makes Republic of Korea's figure about 176.6 times Lao People's Democratic Republic's.
Across all 10 years both countries report, Republic of Korea has been ahead every year.
Lao People's Democratic Republic ranks 10th and Republic of Korea ranks 9th of 12 countries.
Republic of Korea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Lao People's Democratic Republic | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1,029 million USD | 209,216 million USD | 208,187 million USD | Republic of Korea |
| 2010s | 2,639 million USD | 283,796 million USD | 281,157 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$, Lao People's Democratic Republic or Republic of Korea?
- Republic of Korea, at 440,599 million USD against 2,494 million USD in Lao People's Democratic Republic as of 2023.
- What is the difference in total expenditure (central government) — value us$ between Lao People's Democratic Republic and Republic of Korea?
- 438,105 million USD, with Republic of Korea ahead.
- How many years of comparable data are there for Lao People's Democratic Republic and Republic of Korea?
- 10 years are reported by both, from 2008 to 2019.
- How do Lao People's Democratic Republic and Republic of Korea rank globally for total expenditure (central government) — value us$?
- Lao People's Democratic Republic ranks 10th and Republic of Korea ranks 9th of 12 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Total Expenditure (central government) — Value US$. 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.