GBARD by socioeconomic objectives in South Korea
South Korea: GBARD by socioeconomic objectives was 17,986 Million euro in 2024. ▲ Rising
Latest (2024)
17,986 Million euro
Change on year
down 18.2%
World rank
7th
of 50 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 South Korea, 2004–2024
Source: Eurostat. Measured in Million euro.
Analysis
South Korea recorded 17,986 Million euro for gbard by socioeconomic objectives in 2024.
The figure is down 18.2% on the previous year and up 41.4% over ten years.
Over the whole period, gbard by socioeconomic objectives in South Korea peaked at 21,996 Million euro in 2023 and was at its lowest, 4,288 Million euro, in 2004.
That places South Korea 7th out of 50 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 21 years of available data.
GBARD by socioeconomic objectives in South 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% |
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 South Korea
- 4 Germany 46,260 Million euro compare
- 5 United Kingdom of Great Britain and Northern Ireland 19,589 Million euro compare
- 5 United Kingdom 19,589 Million euro compare
- 7 Republic of 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 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)
- GERD by sector of performance and socioeconomic objectives 84,278 Million euro (2023)
- Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 66,741 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 gbard by socioeconomic objectives in South Korea?
- Gbard by socioeconomic objectives in South Korea was 17,986 Million euro in 2024, according to Eurostat.
- What is the highest gbard by socioeconomic objectives recorded in South Korea?
- The highest recorded value was 21,996 Million euro in 2023.
- What is the lowest gbard by socioeconomic objectives recorded in South Korea?
- The lowest recorded value was 4,288 Million euro in 2004.
- How does South Korea rank for gbard by socioeconomic objectives?
- South Korea ranks 7th out of 50 countries with data for 2024.
- Is gbard by socioeconomic objectives rising or falling in South Korea?
- Over the last ten years it is up 41.4%. 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 GBARD by socioeconomic objectives (NABS 2007). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (Eurostat).