Australia vs Republic of Korea: Total Expenditure (general government) — Value US$
Total Expenditure (general government) — Value US$ over time
- Australia
- Republic of Korea
How they compare
Australia currently reports 674,904 million USD against 455,417 million USD in Republic of Korea, a difference of 219,487 million USD.
That makes Australia's figure about 1.5 times Republic of Korea's.
The two have swapped places 1 time across 9 shared years of data; in 2007 it was Australia ahead.
Australia ranks 12th and Republic of Korea ranks 15th of 114 countries.
Australia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Australia | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 323,240 million USD | 249,016 million USD | 74,224 million USD | Australia |
| 2010s | 497,778 million USD | 386,770 million USD | 111,008 million USD | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total expenditure (general government) — value us$, Australia or Republic of Korea?
- Australia, at 674,904 million USD against 455,417 million USD in Republic of Korea as of 2024.
- What is the difference in total expenditure (general government) — value us$ between Australia and Republic of Korea?
- 219,487 million USD, with Australia ahead.
- How many years of comparable data are there for Australia and Republic of Korea?
- 9 years are reported by both, from 2007 to 2015.
- How do Australia and Republic of Korea rank globally for total expenditure (general government) — value us$?
- Australia ranks 12th and Republic of Korea ranks 15th of 114 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Total Expenditure (general government) — Value US$. 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.