GBARD by socioeconomic objectives (NABS 2007) in Korea
Korea: GBARD by socioeconomic objectives (NABS 2007) was 17,986 Million euro in 2024. ▲ Rising
Latest (2024)
17,986 Million euro
Change on year
down 18.2%
World rank
7th
of 51 countries
All-time high
21,996 Million euro
in 2023
All-time low
4,288 Million euro
in 2004
Years of data
21
2004–2024
GBARD by socioeconomic objectives in Korea, 2004–2024
Source: Eurostat. Measured in Million euro.
Analysis
Korea recorded 17,986 Million euro for gbard by socioeconomic objectives in 2024.
Compared with earlier readings it is down 18.2% on the previous year and up 41.4% over ten years.
Over the whole period, gbard by socioeconomic objectives in Korea peaked at 21,996 Million euro in 2023 and was at its lowest, 4,288 Million euro, in 2004.
Korea ranks 7th of 51 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 21 years of available data.
GBARD by socioeconomic objectives (NABS 2007) in Korea, year by year
| Year | Million euro | Change |
|---|---|---|
| 2004 | 4,288 Million euro | — |
| 2005 | 6,124 Million euro | +42.8% |
| 2006 | 7,433 Million euro | +21.4% |
| 2007 | 7,669 Million euro | +3.2% |
| 2008 | 6,898 Million euro | -10.1% |
| 2009 | 7,167 Million euro | +3.9% |
| 2010 | 8,944 Million euro | +24.8% |
| 2011 | 9,661 Million euro | +8.0% |
| 2012 | 11,069 Million euro | +14.6% |
| 2013 | 11,794 Million euro | +6.5% |
| 2014 | 12,716 Million euro | +7.8% |
| 2015 | 15,033 Million euro | +18.2% |
| 2016 | 14,912 Million euro | -0.8% |
| 2017 | 15,275 Million euro | +2.4% |
| 2018 | 15,202 Million euro | -0.5% |
| 2019 | 15,976 Million euro | +5.1% |
| 2020 | 18,026 Million euro | +12.8% |
| 2021 | 20,315 Million euro | +12.7% |
| 2022 | 21,732 Million euro | +7.0% |
| 2023 | 21,996 Million euro | +1.2% |
| 2024 | 17,986 Million euro | -18.2% |
Korea compared with similar countries
- Korea's 17,986 Million euro is above the median for high income countries, which is 2,883 Million euro, 6.2× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6,596 Million euro | 4,288 Million euro | 7,669 Million euro | 6 |
| 2010s | 13,058 Million euro | 8,944 Million euro | 15,976 Million euro | 10 |
| 2020s | 20,011 Million euro | 17,986 Million euro | 21,996 Million euro | 5 |
Countries ranked near Korea
- 4 Germany 46,260 Million euro compare
- 5 United Kingdom 19,589 Million euro compare
- 5 United Kingdom 19,589 Million euro compare
- 7 South Korea 17,986 Million euro compare
- 9 France 17,752 Million euro compare
- 10 Italy 13,095 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 gbard by socioeconomic objectives in Korea?
- Gbard by socioeconomic objectives in Korea was 17,986 Million euro in 2024, according to Eurostat.
- What is the highest gbard by socioeconomic objectives recorded in Korea?
- The highest recorded value was 21,996 Million euro in 2023.
- What is the lowest gbard by socioeconomic objectives recorded in Korea?
- The lowest recorded value was 4,288 Million euro in 2004.
- How does Korea rank for gbard by socioeconomic objectives?
- Korea ranks 7th out of 51 countries with data for 2024.
- Is gbard by socioeconomic objectives rising or falling in Korea?
- Over the last ten years it is up 41.4%. 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 GBARD by socioeconomic objectives (NABS 2007). Statizoid updates them automatically from the source API.
Download this data
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