Republic of Korea vs Viet Nam: Total Expenditure (general government) — Value Standard Local Currency
Total Expenditure (general government) — Value Standard Local Currency over time
- Republic of Korea
- Viet Nam
How they compare
Viet Nam currently reports 1.94 billion million SLC against 515.05 million million SLC in Republic of Korea, a difference of 1.42 billion million SLC.
That makes Viet Nam's figure about 3.8 times Republic of Korea's.
Across all 9 years both countries report, Viet Nam has been ahead every year.
Republic of Korea ranks 3rd and Viet Nam ranks 1st of 114 countries.
Viet Nam has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Republic of Korea | Viet Nam | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 276.07 million million SLC | 490.26 million million SLC | 214.19 million million SLC | Viet Nam |
| 2010s | 428.64 million million SLC | 1.02 billion million SLC | 595.86 million million SLC | Viet Nam |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total expenditure (general government) — value standard local currency, Republic of Korea or Viet Nam?
- Viet Nam, at 1.94 billion million SLC against 515.05 million million SLC in Republic of Korea as of 2023.
- What is the difference in total expenditure (general government) — value standard local currency between Republic of Korea and Viet Nam?
- 1.42 billion million SLC, with Viet Nam ahead.
- How many years of comparable data are there for Republic of Korea and Viet Nam?
- 9 years are reported by both, from 2007 to 2015.
- How do Republic of Korea and Viet Nam rank globally for total expenditure (general government) — value standard local currency?
- Republic of Korea ranks 3rd and Viet Nam ranks 1st of 114 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Total Expenditure (general government) — Value Standard Local Currency. 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.