Adjusted savings: education expenditure in Republic of Korea
Republic of Korea: Adjusted savings: education expenditure was 3.8% in 2021. ▲ Rising
Adjusted savings: education expenditure in Republic of Korea, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: education expenditure in Republic of Korea is 3.8%, measured in 2021.
That represents a change of down 7.6% over ten years.
Over the whole period, adjusted savings: education expenditure in Republic of Korea peaked at 5.4% in 1982 and was at its lowest, 1.6%, in 1975.
That places Republic of Korea 106th out of 200 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 52 years of available data.
Adjusted savings: education expenditure in Republic of Korea, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 2.6% | — |
| 1971 | 2.9% | +11.5% |
| 1972 | 2.7% | -6.9% |
| 1973 | 2.5% | -7.4% |
| 1974 | 2.1% | -14.7% |
| 1975 | 1.6% | -25.0% |
| 1976 | 2.5% | +56.2% |
| 1977 | 2.3% | -8.0% |
| 1978 | 2.4% | +3.5% |
| 1979 | 2.6% | +9.2% |
| 1980 | 3.0% | +15.4% |
| 1981 | 2.6% | -13.3% |
| 1982 | 5.4% | +107.7% |
| 1983 | 3.5% | -35.2% |
| 1984 | 3.4% | -2.9% |
| 1985 | 3.4% | +0.0% |
| 1986 | 3.2% | -5.9% |
| 1987 | 3.1% | -3.1% |
| 1988 | 2.5% | -19.4% |
| 1989 | 2.8% | +12.0% |
| 1990 | 2.9% | +3.6% |
| 1991 | 2.9% | +0.0% |
| 1992 | 3.1% | +6.9% |
| 1993 | 3.2% | +3.2% |
| 1994 | 3.3% | +3.1% |
| 1995 | 3.2% | -3.0% |
| 1996 | 3.4% | +5.0% |
| 1997 | 3.2% | -4.7% |
| 1998 | 2.7% | -15.5% |
| 1999 | 2.8% | +3.5% |
| 2000 | 2.9% | +3.0% |
| 2001 | 3.0% | +2.9% |
| 2002 | 3.0% | +2.8% |
| 2003 | 3.4% | +9.8% |
| 2004 | 3.6% | +7.8% |
| 2005 | 3.4% | -5.3% |
| 2006 | 3.7% | +9.1% |
| 2007 | 3.7% | -0.8% |
| 2008 | 4.0% | +8.1% |
| 2009 | 3.9% | -1.7% |
| 2010 | 4.0% | +2.9% |
| 2011 | 4.2% | +2.8% |
| 2012 | 4.1% | -1.1% |
| 2013 | 4.6% | +11.0% |
| 2014 | 4.6% | +0.7% |
| 2015 | 4.6% | +0.9% |
| 2016 | 4.2% | -10.5% |
| 2017 | 3.7% | -11.7% |
| 2018 | 3.8% | +2.7% |
| 2019 | 3.8% | +2.1% |
| 2020 | 3.8% | +0.0% |
| 2021 | 3.8% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.4% | 1.6% | 2.9% | 10 |
| 1980s | 3.3% | 2.5% | 5.4% | 10 |
| 1990s | 3.1% | 2.7% | 3.4% | 10 |
| 2000s | 3.5% | 2.9% | 4.0% | 10 |
| 2010s | 4.2% | 3.7% | 4.6% | 10 |
| 2020s | 3.8% | 3.8% | 3.8% | 2 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Gross capital formation (current US$), annual growth rate -2.97 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2913 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 10,553 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 1.24 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 414.37 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 15.01 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate -1.74 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2815 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 10,198 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 0.6183 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: education expenditure in Republic of Korea?
- Adjusted savings: education expenditure in Republic of Korea was 3.8% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Republic of Korea?
- The highest recorded value was 5.4% in 1982.
- What is the lowest adjusted savings: education expenditure recorded in Republic of Korea?
- The lowest recorded value was 1.6% in 1975.
- How does Republic of Korea rank for adjusted savings: education expenditure?
- Republic of Korea ranks 106th out of 200 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Republic of Korea?
- Over the last ten years it is down 7.6%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: education expenditure (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.