Business enterprise R&D expenditure in high-tech sectors by NACE … 2 in Korea
Korea: Business enterprise R&D expenditure in high-tech sectors by NACE … 2 was 66,741 Million euro in 2023. ▲ Rising
Latest (2023)
66,741 Million euro
Change on year
up 1.4%
World rank
6th
of 54 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 Korea, 2005–2023
Source: Eurostat. Measured in Million euro.
Analysis
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 Korea peaked at 66,741 Million euro in 2023 and was at its lowest, 14,576 Million euro, in 2005.
Korea ranks 6th of 54 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 … 2 in 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% |
Korea compared with similar countries
- Korea's 66,741 Million euro is above the median for high income countries, which is 6,039 Million euro, 11.1× the median. (35 countries reporting)
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 Korea
- 3 Japan 106,380 Million euro compare
- 4 Germany 92,514 Million euro compare
- 5 South Korea 72,319 Million euro compare
- 7 France 42,023 Million euro compare
- 8 United Kingdom 30,179 Million euro compare
- 8 United Kingdom 30,179 Million euro compare
More economy & growth data for Korea
- Real gdp growth, annual growth rate -49.75 % change on previous year (2025)
- SDRs holdings, US dollar, annual growth rate 7.89 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0085 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 307.17 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.74 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0062 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 224.29 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.58 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 168.75 units per person (2025)
Frequently asked questions
- What is business enterprise r&d expenditure in high-tech sectors by nace rev. in Korea?
- Business enterprise r&d expenditure in high-tech sectors by nace rev. in 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 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 Korea?
- The lowest recorded value was 14,576 Million euro in 2005.
- How does Korea rank for business enterprise r&d expenditure in high-tech sectors by nace rev.?
- Korea ranks 6th out of 54 countries with data for 2023.
- Is business enterprise r&d expenditure in high-tech sectors by nace rev. rising or falling in Korea?
- Over the last ten years it is up 108.4%. The long-run trend across the full record is rising.
- Where does this 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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