Government spending vs gdp per capita in Republic of Korea
Republic of Korea: Government spending vs gdp per capita was 22.53 in 2024. ▲ Rising
Latest (2024)
22.53
Change on year
down 2.4%
World rank
108th
of 151 countries
All-time high
26.68
in 2022
All-time low
12.12
in 1964
Years of data
72
1953–2024
Government spending vs gdp per capita in Republic of Korea, 1953–2024
Source: Our World in Data.
Analysis
In 2024, government spending vs gdp per capita in Republic of Korea stood at 22.53.
That represents a change of down 2.4% on the previous year and up 19.6% over ten years.
Over the whole period, government spending vs gdp per capita in Republic of Korea peaked at 26.68 in 2022 and was at its lowest, 12.12, in 1964.
Republic of Korea ranks 108th of 151 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 72 years of available data.
Government spending vs gdp per capita in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1953 | 14.5 | — |
| 1954 | 20.8 | +43.5% |
| 1955 | 21.47 | +3.2% |
| 1956 | 22.13 | +3.1% |
| 1957 | 18.19 | -17.8% |
| 1958 | 19.61 | +7.8% |
| 1959 | 18.42 | -6.1% |
| 1960 | 17.88 | -3.0% |
| 1961 | 21.2 | +18.6% |
| 1962 | 22.26 | +5.0% |
| 1963 | 15.44 | -30.6% |
| 1964 | 12.12 | -21.5% |
| 1965 | 13.05 | +7.7% |
| 1966 | 15.95 | +22.2% |
| 1967 | 16.71 | +4.8% |
| 1968 | 18.55 | +11.0% |
| 1969 | 19.84 | +7.0% |
| 1970 | 17.5 | -11.8% |
| 1971 | 18.47 | +5.6% |
| 1972 | 18.45 | -0.1% |
| 1973 | 14.22 | -22.9% |
| 1974 | 16.05 | +12.9% |
| 1975 | 18.84 | +17.4% |
| 1976 | 16.98 | -9.9% |
| 1977 | 17.7 | +4.2% |
| 1978 | 15.7 | -11.3% |
| 1979 | 16.3 | +3.9% |
| 1980 | 16.77 | +2.9% |
| 1981 | 16.31 | -2.8% |
| 1982 | 17.82 | +9.3% |
| 1983 | 16.05 | -10.0% |
| 1984 | 15.55 | -3.1% |
| 1985 | 15.52 | -0.2% |
| 1986 | 14.86 | -4.2% |
| 1987 | 14.33 | -3.6% |
| 1988 | 13.88 | -3.2% |
| 1989 | 15 | +8.1% |
| 1990 | 15.15 | +1.0% |
| 1991 | 15.38 | +1.5% |
| 1992 | 15.45 | +0.5% |
| 1993 | 15.06 | -2.5% |
| 1994 | 15.4 | +2.3% |
| 1995 | 13.51 | -12.3% |
| 1996 | 14.04 | +3.9% |
| 1997 | 13.87 | -1.2% |
| 1998 | 16.03 | +15.6% |
| 1999 | 16.15 | +0.7% |
| 2000 | 16.02 | -0.8% |
| 2001 | 16.94 | +5.7% |
| 2002 | 15.89 | -6.2% |
| 2003 | 17.87 | +12.5% |
| 2004 | 18.5 | +3.5% |
| 2005 | 18.15 | -1.9% |
| 2006 | 18.72 | +3.1% |
| 2007 | 18.81 | +0.5% |
| 2008 | 19.1 | +1.6% |
| 2009 | 19.54 | +2.3% |
| 2010 | 17.86 | -8.6% |
| 2011 | 18.28 | +2.4% |
| 2012 | 18.82 | +2.9% |
| 2013 | 19.02 | +1.0% |
| 2014 | 18.85 | -0.9% |
| 2015 | 18.8 | -0.2% |
| 2016 | 18.51 | -1.6% |
| 2017 | 18.64 | +0.7% |
| 2018 | 19.28 | +3.4% |
| 2019 | 21.27 | +10.3% |
| 2020 | 23.66 | +11.2% |
| 2021 | 24.1 | +1.8% |
| 2022 | 26.68 | +10.7% |
| 2023 | 23.08 | -13.5% |
| 2024 | 22.53 | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 19.3 | 14.5 | 22.13 | 7 |
| 1960s | 17.3 | 12.12 | 22.26 | 10 |
| 1970s | 17.02 | 14.22 | 18.84 | 10 |
| 1980s | 15.61 | 13.88 | 17.82 | 10 |
| 1990s | 15.01 | 13.51 | 16.15 | 10 |
| 2000s | 17.95 | 15.89 | 19.54 | 10 |
| 2010s | 18.93 | 17.86 | 21.27 | 10 |
| 2020s | 24.01 | 22.53 | 26.68 | 5 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- GNI, Atlas method (current US$), annual growth rate 2.94 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.05 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 37,884 current US$ per person (2025)
- GNI (current US$), annual growth rate 0.1093 % change on previous year (2025)
- GNI (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 36,849 current US$ per person (2025)
- GNI (current LCU), annual growth rate 4.45 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1,447 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 52.42 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 18.84 % change on previous year (2025)
Frequently asked questions
- What is government spending vs gdp per capita in Republic of Korea?
- Government spending vs gdp per capita in Republic of Korea was 22.53 in 2024, according to Our World in Data.
- What is the highest government spending vs gdp per capita recorded in Republic of Korea?
- The highest recorded value was 26.68 in 2022.
- What is the lowest government spending vs gdp per capita recorded in Republic of Korea?
- The lowest recorded value was 12.12 in 1964.
- How does Republic of Korea rank for government spending vs gdp per capita?
- Republic of Korea ranks 108th out of 151 countries with data for 2024.
- Is government spending vs gdp per capita rising or falling in Republic of Korea?
- Over the last ten years it is up 19.6%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Our World in Data, published as part of Government spending vs gdp per capita. Statizoid updates them automatically from the source API.
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