Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Republic of Korea
Republic of Korea: Business enterprise R&D expenditure in high-tech sectors by NACE Rev. was 66,741 Million euro in 2023. ▲ Rising
Latest (2023)
66,741 Million euro
Change on year
up 1.4%
World rank
5th
of 52 countries
All-time high
66,741 Million euro
in 2023
All-time low
14,576 Million euro
in 2005
Years of data
19
2005–2023
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Republic of Korea, 2005–2023
Source: Eurostat. Measured in Million euro.
Analysis
Republic of Korea recorded 66,741 Million euro for business enterprise r&d expenditure in high-tech sectors by nace rev. in 2023. That is the highest value across all 19 years on record.
That represents a change of up 1.4% on the previous year and up 108.4% over ten years.
Over the whole period, business enterprise r&d expenditure in high-tech sectors by nace rev. in Republic of Korea peaked at 66,741 Million euro in 2023 and was at its lowest, 14,576 Million euro, in 2005.
Republic of Korea ranks 5th of 52 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Republic of Korea, year by year
| Year | Million euro | Change |
|---|---|---|
| 2005 | 14,576 Million euro | — |
| 2006 | 17,626 Million euro | +20.9% |
| 2007 | 18,747 Million euro | +6.4% |
| 2008 | 16,188 Million euro | -13.6% |
| 2009 | 15,887 Million euro | -1.9% |
| 2010 | 21,415 Million euro | +34.8% |
| 2011 | 24,775 Million euro | +15.7% |
| 2012 | 29,856 Million euro | +20.5% |
| 2013 | 32,024 Million euro | +7.3% |
| 2014 | 35,658 Million euro | +11.3% |
| 2015 | 40,696 Million euro | +14.1% |
| 2016 | 42,013 Million euro | +3.2% |
| 2017 | 49,002 Million euro | +16.6% |
| 2018 | 52,988 Million euro | +8.1% |
| 2019 | 54,781 Million euro | +3.4% |
| 2020 | 54,697 Million euro | -0.2% |
| 2021 | 59,678 Million euro | +9.1% |
| 2022 | 65,844 Million euro | +10.3% |
| 2023 | 66,741 Million euro | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16,605 Million euro | 14,576 Million euro | 18,747 Million euro | 5 |
| 2010s | 38,321 Million euro | 21,415 Million euro | 54,781 Million euro | 10 |
| 2020s | 61,740 Million euro | 54,697 Million euro | 66,741 Million euro | 4 |
Countries ranked near Republic of Korea
- 3 Japan 106,059 Million euro compare
- 4 Germany 92,509 Million euro compare
- 5 South Korea 66,741 Million euro compare
- 7 France 42,006 Million euro compare
- 8 United Kingdom of Great Britain and Northern Ireland 30,179 Million euro compare
- 8 United Kingdom 30,179 Million euro compare
More economy & growth data for Republic of Korea
- Households and NPISHs Final consumption expenditure (current LCU) 3.17 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 683.09 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 24.75 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 1.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4928 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 17,853 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate -0.6167 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.6567 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 23,790 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 3.69 % change on previous year (2025)
Frequently asked questions
- What is business enterprise r&d expenditure in high-tech sectors by nace rev. in Republic of Korea?
- Business enterprise r&d expenditure in high-tech sectors by nace rev. in Republic of Korea was 66,741 Million euro in 2023, according to Eurostat.
- What is the highest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Republic of Korea?
- The highest recorded value was 66,741 Million euro in 2023.
- What is the lowest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Republic of Korea?
- The lowest recorded value was 14,576 Million euro in 2005.
- How does Republic of Korea rank for business enterprise r&d expenditure in high-tech sectors by nace rev.?
- Republic of Korea ranks 5th out of 52 countries with data for 2023.
- Is business enterprise r&d expenditure in high-tech sectors by nace rev. rising or falling in Republic of Korea?
- Over the last ten years it is up 108.4%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Eurostat, published as part of Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 2. Statizoid updates them automatically from the source API.
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