Business enterprise R&D expenditure in high-tech sectors by NACE … 2 in South Korea
South Korea: Business enterprise R&D expenditure in high-tech sectors by NACE … 2 was 72,319 Million euro in 2024. ▲ Rising
Latest (2024)
72,319 Million euro
Change on year
up 8.4%
World rank
5th
of 54 countries
All-time high
72,319 Million euro
in 2024
All-time low
14,576 Million euro
in 2005
Years of data
20
2005–2024
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in South Korea, 2005–2024
Source: Eurostat. Measured in Million euro.
Analysis
South Korea recorded 72,319 Million euro for business enterprise r&d expenditure in high-tech sectors by nace rev. in 2024. That is the highest value across all 20 years on record.
The figure is up 8.4% on the previous year and up 102.8% over ten years.
Over the whole period, business enterprise r&d expenditure in high-tech sectors by nace rev. in South Korea peaked at 72,319 Million euro in 2024 and was at its lowest, 14,576 Million euro, in 2005.
South Korea ranks 5th of 54 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Business enterprise R&D expenditure in high-tech sectors by NACE … 2 in South 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% |
| 2024 | 72,319 Million euro | +8.4% |
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 | 63,856 Million euro | 54,697 Million euro | 72,319 Million euro | 5 |
Countries ranked near South Korea
- 2 United States 693,045 Million euro compare
- 3 Japan 106,380 Million euro compare
- 4 Germany 92,514 Million euro compare
- 6 Korea 66,741 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 South Korea
- R&D personnel and researchers in business enterprise sector by size 416,895 Full-time equivalent (FTE) (2020)
- G20 CPI all-items - Group of Twenty - Consumer price index 127 Index, 2015=100 (2026)
- GBARD by socioeconomic objectives 17,986 Million euro (2024)
- GERD by sector of performance and socioeconomic objectives 88,821 Million euro (2024)
- R&D personnel and researchers in business enterprise sector by NACE 416,895 Full-time equivalent (FTE) (2020)
- Business enterprise R&D personnel in high-tech sectors by NACE Rev. 2 416,895 Full-time equivalent (FTE) (2020)
- Business expenditure on R&D (BERD) in ICT sector as % of total R&D 13.6% (2023)
- R&D personnel and researchers in business enterprise sector by NACE 208,428 Full-time equivalent (FTE) (2008)
- Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 16,188 Million euro (2008)
- Business enterprise R&D personnel in high-tech sectors by NACE Rev. 208,428 Full-time equivalent (FTE) (2008)
Frequently asked questions
- What is business enterprise r&d expenditure in high-tech sectors by nace rev. in South Korea?
- Business enterprise r&d expenditure in high-tech sectors by nace rev. in South Korea was 72,319 Million euro in 2024, according to Eurostat.
- What is the highest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in South Korea?
- The highest recorded value was 72,319 Million euro in 2024.
- What is the lowest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in South Korea?
- The lowest recorded value was 14,576 Million euro in 2005.
- How does South Korea rank for business enterprise r&d expenditure in high-tech sectors by nace rev.?
- South Korea ranks 5th out of 54 countries with data for 2024.
- Is business enterprise r&d expenditure in high-tech sectors by nace rev. rising or falling in South Korea?
- Over the last ten years it is up 102.8%. The long-run trend across the full record is rising.
- Where does this South 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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