Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in South Korea
South 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 South Korea, 2005–2023
Source: Eurostat. Measured in Million euro.
Analysis
South 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.
The figure is 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 South Korea peaked at 66,741 Million euro in 2023 and was at its lowest, 14,576 Million euro, in 2005.
South 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 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% |
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 South Korea
More economy & growth data for South Korea
- R&D personnel and researchers in business enterprise sector by size 459,405 Full-time equivalent (FTE) (2023)
- G20 CPI all-items - Group of Twenty - Consumer price index 126.3 Index, 2015=100 (2026)
- GBARD by socioeconomic objectives 17,986 Million euro (2024)
- GERD by sector of performance and socioeconomic objectives 84,278 Million euro (2023)
- R&D personnel and researchers in business enterprise sector by NACE 459,405 Full-time equivalent (FTE) (2023)
- Business enterprise R&D personnel in high-tech sectors by NACE Rev. 2 459,405 Full-time equivalent (FTE) (2023)
- Business expenditure on R&D (BERD) in ICT sector as % of total R&D 14.7% (2021)
- 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 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 South 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 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 52 countries with data for 2023.
- 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 108.4%. 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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