Gross domestic expenditure on R&D by sector of performance and in Korea
Korea: Gross domestic expenditure on R&D by sector of performance and was 141,654 US dollars, PPP converted in 2024. ◆ Volatile
Gross domestic expenditure on R&D by sector of performance and in Korea, 1991–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, PPP converted.
Analysis
In 2024, gross domestic expenditure on r&d by sector of performance and in Korea stood at 141,654 US dollars, PPP converted. That is the highest value across all 34 years on record.
The figure is up 5.8% on the previous year and up 68.9% over ten years.
Over the whole period, gross domestic expenditure on r&d by sector of performance and in Korea peaked at 141,654 US dollars, PPP converted in 2024 and was at its lowest, 11,025 US dollars, PPP converted, in 1991.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic expenditure on R&D by sector of performance and in Korea, year by year
| Year | US dollars, PPP converted | Change |
|---|---|---|
| 1991 | 11,025 US dollars, PPP converted | — |
| 1992 | 12,276 US dollars, PPP converted | +11.3% |
| 1993 | 14,249 US dollars, PPP converted | +16.1% |
| 1994 | 16,914 US dollars, PPP converted | +18.7% |
| 1995 | 18,897 US dollars, PPP converted | +11.7% |
| 1996 | 20,940 US dollars, PPP converted | +10.8% |
| 1997 | 22,585 US dollars, PPP converted | +7.9% |
| 1998 | 20,107 US dollars, PPP converted | -11.0% |
| 1999 | 21,434 US dollars, PPP converted | +6.6% |
| 2000 | 24,668 US dollars, PPP converted | +15.1% |
| 2001 | 27,716 US dollars, PPP converted | +12.4% |
| 2002 | 28,935 US dollars, PPP converted | +4.4% |
| 2003 | 30,751 US dollars, PPP converted | +6.3% |
| 2004 | 34,647 US dollars, PPP converted | +12.7% |
| 2005 | 37,300 US dollars, PPP converted | +7.7% |
| 2006 | 42,295 US dollars, PPP converted | +13.4% |
| 2007 | 47,227 US dollars, PPP converted | +11.7% |
| 2008 | 50,564 US dollars, PPP converted | +7.1% |
| 2009 | 53,711 US dollars, PPP converted | +6.2% |
| 2010 | 60,460 US dollars, PPP converted | +12.6% |
| 2011 | 67,915 US dollars, PPP converted | +12.3% |
| 2012 | 74,520 US dollars, PPP converted | +9.7% |
| 2013 | 78,846 US dollars, PPP converted | +5.8% |
| 2014 | 83,859 US dollars, PPP converted | +6.4% |
| 2015 | 84,072 US dollars, PPP converted | +0.3% |
| 2016 | 86,677 US dollars, PPP converted | +3.1% |
| 2017 | 96,449 US dollars, PPP converted | +11.3% |
| 2018 | 104,353 US dollars, PPP converted | +8.2% |
| 2019 | 109,073 US dollars, PPP converted | +4.5% |
| 2020 | 112,221 US dollars, PPP converted | +2.9% |
| 2021 | 119,354 US dollars, PPP converted | +6.4% |
| 2022 | 129,299 US dollars, PPP converted | +8.3% |
| 2023 | 133,946 US dollars, PPP converted | +3.6% |
| 2024 | 141,654 US dollars, PPP converted | +5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17,603 US dollars, PPP converted | 11,025 US dollars, PPP converted | 22,585 US dollars, PPP converted | 9 |
| 2000s | 37,781 US dollars, PPP converted | 24,668 US dollars, PPP converted | 53,711 US dollars, PPP converted | 10 |
| 2010s | 84,622 US dollars, PPP converted | 60,460 US dollars, PPP converted | 109,073 US dollars, PPP converted | 10 |
| 2020s | 127,295 US dollars, PPP converted | 112,221 US dollars, PPP converted | 141,654 US dollars, PPP converted | 5 |
Countries ranked near Korea
- 1 United States 636,172 US dollars, PPP converted compare
- 1 Japan 204,376 US dollars, PPP converted compare
- 2 Germany 155,922 US dollars, PPP converted compare
- 3 United Kingdom 102,458 US dollars, PPP converted compare
- 3 France 79,386 US dollars, PPP converted compare
- 4 Türkiye 45,563 US dollars, PPP converted compare
- 4 Chinese Taipei 65,085 US dollars, PPP converted compare
- 5 Poland 24,416 US dollars, PPP converted compare
- 5 Russian Federation 46,621 US dollars, PPP converted compare
More economy & growth data for Korea
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.03 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.2 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 24.21 Percentage of GDP (2029)
- Index of digital trade integration and openness 0.2301 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0475 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0121 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.064 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0485 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.058 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 27.5 Percentage of taxable income (2026)
Frequently asked questions
- What is gross domestic expenditure on r&d by sector of performance and in Korea?
- Gross domestic expenditure on r&d by sector of performance and in Korea was 141,654 US dollars, PPP converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest gross domestic expenditure on r&d by sector of performance and recorded in Korea?
- The highest recorded value was 141,654 US dollars, PPP converted in 2024.
- What is the lowest gross domestic expenditure on r&d by sector of performance and recorded in Korea?
- The lowest recorded value was 11,025 US dollars, PPP converted in 1991.
- How does Korea rank for gross domestic expenditure on r&d by sector of performance and?
- Korea ranks 2nd out of 12 groups with data for 2024.
- Is gross domestic expenditure on r&d by sector of performance and rising or falling in Korea?
- Over the last ten years it is up 68.9%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Gross domestic expenditure on R&D by sector of performance and socio-economic objectives — Gross Domestic Expenditure on R&D (GERD). Statizoid updates them automatically from the source API.
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About this data
This table contains data on Gross domestic expenditure on R&D (GERD) by socio-economic objective (SEO), using the NABS 2007 classification i.e.: Exploration and exploitation of the Earth, Environment, Exploration and exploitation of space, Transport, telecommunication and other infrastructures, Energy, Industrial production and technology, Health, Agriculture, Education, Culture, recreation, religion and mass media, Political and social systems, structures and processes, General advancement of knowledge, and Defence.