Africa's Development Dynamics (AfDD) Table 16 - Public finances in Korea
Korea: Africa's Development Dynamics (AfDD) Table 16 - Public finances was 24.21 Percentage of GDP in 2029. ▲ Rising
Africa's Development Dynamics (AfDD) Table 16 - Public finances in Korea, 2000–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for africa's development dynamics (afdd) table 16 - public finances in Korea is 24.21 Percentage of GDP, measured in 2029.
Compared with earlier readings it is up 7.4% over ten years.
Over the whole period, africa's development dynamics (afdd) table 16 - public finances in Korea peaked at 28.68 Percentage of GDP in 2022 and was at its lowest, 16.46 Percentage of GDP, in 2002.
That places Korea 16th out of 28 groups with data for 2029, putting it in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Africa's Development Dynamics (AfDD) Table 16 - Public finances in Korea, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 16.61 Percentage of GDP | — |
| 2001 | 17.56 Percentage of GDP | +5.7% |
| 2002 | 16.46 Percentage of GDP | -6.2% |
| 2003 | 18.52 Percentage of GDP | +12.5% |
| 2004 | 19.2 Percentage of GDP | +3.7% |
| 2005 | 18.87 Percentage of GDP | -1.7% |
| 2006 | 19.46 Percentage of GDP | +3.1% |
| 2007 | 19.58 Percentage of GDP | +0.6% |
| 2008 | 19.91 Percentage of GDP | +1.7% |
| 2009 | 20.35 Percentage of GDP | +2.2% |
| 2010 | 18.63 Percentage of GDP | -8.5% |
| 2011 | 19.07 Percentage of GDP | +2.4% |
| 2012 | 19.67 Percentage of GDP | +3.1% |
| 2013 | 19.9 Percentage of GDP | +1.2% |
| 2014 | 19.76 Percentage of GDP | -0.7% |
| 2015 | 19.74 Percentage of GDP | -0.1% |
| 2016 | 19.49 Percentage of GDP | -1.3% |
| 2017 | 19.64 Percentage of GDP | +0.8% |
| 2018 | 20.38 Percentage of GDP | +3.8% |
| 2019 | 22.55 Percentage of GDP | +10.6% |
| 2020 | 25.1 Percentage of GDP | +11.3% |
| 2021 | 25.74 Percentage of GDP | +2.6% |
| 2022 | 28.68 Percentage of GDP | +11.4% |
| 2023 | 24.89 Percentage of GDP | -13.2% |
| 2024 | 24.48 Percentage of GDP | -1.6% |
| 2025 | 24.31 Percentage of GDP | -0.7% |
| 2026 | 24.26 Percentage of GDP | -0.2% |
| 2027 | 24.2 Percentage of GDP | -0.2% |
| 2028 | 24.2 Percentage of GDP | +0.0% |
| 2029 | 24.21 Percentage of GDP | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.65 Percentage of GDP | 16.46 Percentage of GDP | 20.35 Percentage of GDP | 10 |
| 2010s | 19.88 Percentage of GDP | 18.63 Percentage of GDP | 22.55 Percentage of GDP | 10 |
| 2020s | 25.01 Percentage of GDP | 24.2 Percentage of GDP | 28.68 Percentage of GDP | 10 |
Countries ranked near Korea
- 13 Sweden 48.6 Percentage of GDP compare
- 13 Cabo Verde 26.54 Percentage of GDP compare
- 14 Germany 47.78 Percentage of GDP compare
- 15 Equatorial Guinea 24.23 Percentage of GDP compare
- 15 Libya 47.37 Percentage of GDP compare
- 16 Türkiye 32.83 Percentage of GDP compare
- 16 Palau 47.06 Percentage of GDP compare
- 17 Iraq 46.15 Percentage of GDP compare
- 18 Brazil 46 Percentage of GDP compare
- 18 Mauritania 23.53 Percentage of GDP compare
- 19 Hungary 45.22 Percentage of GDP compare
More economy & growth data for Korea
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.03 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.2 Percent per annum (2029)
- Index of digital trade integration and openness 0.2301 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0475 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0121 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.064 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0485 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.058 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 27.5 Percentage of taxable income (2026)
- Balanced trade in services 60.55 US dollars, exchange rate converted (2024)
Frequently asked questions
- What is africa's development dynamics (afdd) table 16 - public finances in Korea?
- Africa's development dynamics (afdd) table 16 - public finances in Korea was 24.21 Percentage of GDP in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 16 - public finances recorded in Korea?
- The highest recorded value was 28.68 Percentage of GDP in 2022.
- What is the lowest africa's development dynamics (afdd) table 16 - public finances recorded in Korea?
- The lowest recorded value was 16.46 Percentage of GDP in 2002.
- How does Korea rank for africa's development dynamics (afdd) table 16 - public finances?
- Korea ranks 16th out of 28 groups with data for 2029.
- Is africa's development dynamics (afdd) table 16 - public finances rising or falling in Korea?
- Over the last ten years it is up 7.4%. The long-run trend across the full record is rising.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 16 - Public finances — General government expenditure. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 16 shows data on public finance, including taxes, revenues, expenditure, and debt. Some of these figures are not available at the national level, but only for aggregations of groups of countries.