Government spending by function as share of gdp across countries in South Korea
South Korea: Government spending by function as share of gdp across countries was 9.31 in 2023. ▲ Rising
Government spending by function as share of gdp across countries in South Korea, 2007–2023
Source: Our World in Data.
Analysis
In 2023, government spending by function as share of gdp across countries in South Korea stood at 9.31. That is the highest value across all 17 years on record.
The figure is up 3.3% on the previous year and up 57.1% over ten years.
Over the whole period, government spending by function as share of gdp across countries in South Korea peaked at 9.31 in 2023 and was at its lowest, 4.48, in 2007.
That places South Korea 33rd out of 37 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Government spending by function as share of gdp across countries in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 4.48 | — |
| 2008 | 4.9 | +9.5% |
| 2009 | 5.21 | +6.2% |
| 2010 | 5.06 | -2.8% |
| 2011 | 5.4 | +6.8% |
| 2012 | 5.81 | +7.6% |
| 2013 | 5.93 | +2.1% |
| 2014 | 6.25 | +5.5% |
| 2015 | 6.39 | +2.2% |
| 2016 | 6.44 | +0.8% |
| 2017 | 6.43 | -0.1% |
| 2018 | 6.57 | +2.1% |
| 2019 | 7.23 | +10.1% |
| 2020 | 8.79 | +21.6% |
| 2021 | 8.54 | -2.9% |
| 2022 | 9.02 | +5.6% |
| 2023 | 9.31 | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.86 | 4.48 | 5.21 | 3 |
| 2010s | 6.15 | 5.06 | 7.23 | 10 |
| 2020s | 8.92 | 8.54 | 9.31 | 4 |
Countries ranked near South Korea
More economy & growth data for South Korea
- GDP (current US$), annual growth rate -0.161 % change on previous year (2025)
- GDP (current US$), per capita 36,227 current US$ per person (2025)
- GDP (current LCU), annual growth rate 4.16 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 1,422 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 51.53 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 1.01 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 1.03 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 37,470 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 1.01 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 1,237 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is government spending by function as share of gdp across countries in South Korea?
- Government spending by function as share of gdp across countries in South Korea was 9.31 in 2023, according to Our World in Data.
- What is the highest government spending by function as share of gdp across countries recorded in South Korea?
- The highest recorded value was 9.31 in 2023.
- What is the lowest government spending by function as share of gdp across countries recorded in South Korea?
- The lowest recorded value was 4.48 in 2007.
- How does South Korea rank for government spending by function as share of gdp across countries?
- South Korea ranks 33rd out of 37 countries with data for 2023.
- Is government spending by function as share of gdp across countries rising or falling in South Korea?
- Over the last ten years it is up 57.1%. 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 spending by function as share of gdp across countries. Statizoid updates them automatically from the source API.
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CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).