Food expenditure share gdp in Korea
Korea: Food expenditure share gdp was 12.33 in 2023. ▼ Falling
Latest (2023)
12.33
Change on year
up 1.5%
World rank
88th
of 104 countries
All-time high
13.8
in 2017
All-time low
11.44
in 2019
Years of data
7
2017–2023
Food expenditure share gdp in Korea, 2017–2023
Source: Our World in Data.
Analysis
In 2023, food expenditure share gdp in Korea stood at 12.33.
Compared with earlier readings it is up 1.5% on the previous year and down 10.6% over ten years.
That places Korea 88th out of 104 countries with data for 2023, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.01 | 11.44 | 13.8 | 3 |
| 2020s | 12.22 | 11.58 | 12.82 | 4 |
Countries ranked near Korea
More economy & growth data for Korea
- Net primary income (Net income from abroad) (current LCU), annual 23.99 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -2.41 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0698 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 2,528 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 1.82 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 99.26 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 3.60 million current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0005 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1,965 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1,435 (2025)
Frequently asked questions
- What is food expenditure share gdp in Korea?
- Food expenditure share gdp in Korea was 12.33 in 2023, according to Our World in Data.
- What is the highest food expenditure share gdp recorded in Korea?
- The highest recorded value was 13.8 in 2017.
- What is the lowest food expenditure share gdp recorded in Korea?
- The lowest recorded value was 11.44 in 2019.
- How does Korea rank for food expenditure share gdp?
- Korea ranks 88th out of 104 countries with data for 2023.
- Is food expenditure share gdp rising or falling in Korea?
- Over the last ten years it is down 10.6%. The long-run trend across the full record is falling.
- Where does this Korea data come from?
- The figures come from Our World in Data, published as part of Food expenditure share gdp. Statizoid updates them automatically from the source API.
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