Annual government expenditure by function (COFOG) — Intermediate in Korea
Korea: Annual government expenditure by function (COFOG) — Intermediate was 93.41 million National currency in 2023. ◆ Volatile
Annual government expenditure by function (COFOG) — Intermediate in Korea, 1970–2023
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
Korea recorded 93.41 million National currency for annual government expenditure by function (cofog) — intermediate in 2023. That is the highest value across all 54 years on record.
That represents a change of up 0.8% on the previous year and up 64.6% over ten years.
Over the whole period, annual government expenditure by function (cofog) — intermediate in Korea peaked at 93.41 million National currency in 2023 and was at its lowest, 102,800 National currency, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government expenditure by function (COFOG) — Intermediate in Korea, year by year
| Year | National currency | Change |
|---|---|---|
| 1970 | 102,800 National currency | — |
| 1971 | 141,700 National currency | +37.8% |
| 1972 | 187,400 National currency | +32.3% |
| 1973 | 212,900 National currency | +13.6% |
| 1974 | 382,600 National currency | +79.7% |
| 1975 | 647,800 National currency | +69.3% |
| 1976 | 740,500 National currency | +14.3% |
| 1977 | 868,600 National currency | +17.3% |
| 1978 | 1.01 million National currency | +16.2% |
| 1979 | 1.19 million National currency | +17.8% |
| 1980 | 1.92 million National currency | +61.7% |
| 1981 | 2.44 million National currency | +26.9% |
| 1982 | 2.47 million National currency | +1.4% |
| 1983 | 2.87 million National currency | +15.9% |
| 1984 | 3.13 million National currency | +9.3% |
| 1985 | 3.59 million National currency | +14.5% |
| 1986 | 4.06 million National currency | +13.2% |
| 1987 | 4.57 million National currency | +12.4% |
| 1988 | 5.30 million National currency | +16.0% |
| 1989 | 6.20 million National currency | +17.0% |
| 1990 | 7.13 million National currency | +15.1% |
| 1991 | 8.20 million National currency | +15.0% |
| 1992 | 9.59 million National currency | +17.0% |
| 1993 | 9.65 million National currency | +0.6% |
| 1994 | 10.72 million National currency | +11.1% |
| 1995 | 12.14 million National currency | +13.2% |
| 1996 | 15.20 million National currency | +25.2% |
| 1997 | 16.01 million National currency | +5.4% |
| 1998 | 18.34 million National currency | +14.5% |
| 1999 | 18.99 million National currency | +3.6% |
| 2000 | 20.34 million National currency | +7.1% |
| 2001 | 22.98 million National currency | +12.9% |
| 2002 | 25.70 million National currency | +11.8% |
| 2003 | 28.13 million National currency | +9.4% |
| 2004 | 30.78 million National currency | +9.4% |
| 2005 | 33.45 million National currency | +8.7% |
| 2006 | 36.03 million National currency | +7.7% |
| 2007 | 39.24 million National currency | +8.9% |
| 2008 | 43.60 million National currency | +11.1% |
| 2009 | 46.44 million National currency | +6.5% |
| 2010 | 49.42 million National currency | +6.4% |
| 2011 | 52.05 million National currency | +5.3% |
| 2012 | 53.69 million National currency | +3.1% |
| 2013 | 56.74 million National currency | +5.7% |
| 2014 | 57.82 million National currency | +1.9% |
| 2015 | 60.83 million National currency | +5.2% |
| 2016 | 62.69 million National currency | +3.1% |
| 2017 | 64.30 million National currency | +2.6% |
| 2018 | 65.96 million National currency | +2.6% |
| 2019 | 69.37 million National currency | +5.2% |
| 2020 | 72.17 million National currency | +4.0% |
| 2021 | 81.82 million National currency | +13.4% |
| 2022 | 92.63 million National currency | +13.2% |
| 2023 | 93.41 million National currency | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 548,290 National currency | 102,800 National currency | 1.19 million National currency | 10 |
| 1980s | 3.66 million National currency | 1.92 million National currency | 6.20 million National currency | 10 |
| 1990s | 12.60 million National currency | 7.13 million National currency | 18.99 million National currency | 10 |
| 2000s | 32.67 million National currency | 20.34 million National currency | 46.44 million National currency | 10 |
| 2010s | 59.29 million National currency | 49.42 million National currency | 69.37 million National currency | 10 |
| 2020s | 85.01 million National currency | 72.17 million National currency | 93.41 million National currency | 4 |
Countries ranked near Korea
- 1 Colombia 88.25 million National currency compare
- 2 Japan 28.21 million National currency compare
- 2 Poland 256,179 National currency compare
- 3 Netherlands 75,953 National currency compare
- 3 Chile 11.77 million National currency compare
- 3 Croatia 6,494 National currency compare
- 4 Slovenia 4,405 National currency compare
- 4 Hungary 6.94 million National currency compare
More economy & growth data for Korea
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- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.2 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 24.21 Percentage of GDP (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)
Frequently asked questions
- What is annual government expenditure by function (cofog) — intermediate in Korea?
- Annual government expenditure by function (cofog) — intermediate in Korea was 93.41 million National currency in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — intermediate recorded in Korea?
- The highest recorded value was 93.41 million National currency in 2023.
- What is the lowest annual government expenditure by function (cofog) — intermediate recorded in Korea?
- The lowest recorded value was 102,800 National currency in 1970.
- How does Korea rank for annual government expenditure by function (cofog) — intermediate?
- Korea ranks 1st out of 3 groups with data for 2023.
- Is annual government expenditure by function (cofog) — intermediate rising or falling in Korea?
- Over the last ten years it is up 64.6%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Intermediate consumption, Other taxes on production, Current taxes on income, wealth, etc., Adjustment for the change in pension entitlements. Statizoid updates them automatically from the source API.
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About this data
This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org