Government procurement share gdp in South Korea
South Korea: Government procurement share gdp was 13.87 in 2024. ▲ Rising
Latest (2024)
13.87
Change on year
down 3.0%
World rank
23rd
of 43 countries
All-time high
14.3
in 2023
All-time low
10.99
in 2007
Years of data
18
2007–2024
Government procurement share gdp in South Korea, 2007–2024
Source: Our World in Data.
Analysis
In 2024, government procurement share gdp in South Korea stood at 13.87.
The figure is down 3.0% on the previous year and up 19.0% over ten years.
Over the whole period, government procurement share gdp in South Korea peaked at 14.3 in 2023 and was at its lowest, 10.99, in 2007.
That places South Korea 23rd out of 43 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.88 | 10.99 | 13.13 | 3 |
| 2010s | 12 | 11.66 | 13.28 | 10 |
| 2020s | 13.93 | 13.72 | 14.3 | 5 |
Countries ranked near South Korea
More economy & growth data for South Korea
- External balance on goods and services as a percent of gdp 5.16 (2025)
- Inflation of consumer prices 2.12 (2025)
- Gdp per capita worldbank constant usd 37,470 (2025)
- Manufacturing value added to gdp 27.43 (2025)
- Gdp worldbank constant usd 1.94 trillion (2025)
- Gdp per capita in international and market dollars 37,470 (2025)
- DEC alternative conversion factor 1,422 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -6.93 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.87 billion current US$ (2025)
- Taxes less subsidies on products 185.85 trillion current LCU (2025)
Frequently asked questions
- What is government procurement share gdp in South Korea?
- Government procurement share gdp in South Korea was 13.87 in 2024, according to Our World in Data.
- What is the highest government procurement share gdp recorded in South Korea?
- The highest recorded value was 14.3 in 2023.
- What is the lowest government procurement share gdp recorded in South Korea?
- The lowest recorded value was 10.99 in 2007.
- How does South Korea rank for government procurement share gdp?
- South Korea ranks 23rd out of 43 countries with data for 2024.
- Is government procurement share gdp rising or falling in South Korea?
- Over the last ten years it is up 19.0%. The long-run trend across the full record is rising.
- Where does this South Korea data come from?
- The figures come from Our World in Data, published as part of Government procurement share gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (Our World in Data).