Historical gov spending gdp in South Korea
South Korea: Historical gov spending gdp 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
Historical gov spending gdp in South Korea, 1953–2024
Source: Our World in Data.
Analysis
The most recent figure for historical gov spending gdp in South Korea is 22.53, measured in 2024.
The figure is down 2.4% on the previous year and up 19.6% over ten years.
Over the whole period, historical gov spending gdp in South Korea peaked at 26.68 in 2022 and was at its lowest, 12.12, in 1964.
South 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.
Historical gov spending gdp in South 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% |
South Korea compared with similar countries
- South Korea's 22.53 is below the median for high income countries, which is 42.31, 53% of the median. (56 countries reporting)
- South Korea's 22.53 is below the median for East Asia & Pacific, which is 30.81, 73% of the median. (21 countries reporting)
Biggest year-on-year movements
Years where Historical gov spending gdp in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1954 | +43.5% | 14.5 | 20.8 |
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 South Korea
More economy & growth data for South Korea
- Real gdp growth, annual growth rate -49.75 % change on previous year (2025)
- SDRs holdings, US dollar, annual growth rate 7.89 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0085 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 307.17 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.74 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0062 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 224.29 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.58 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 168.75 units per person (2025)
Frequently asked questions
- What is historical gov spending gdp in South Korea?
- Historical gov spending gdp in South Korea was 22.53 in 2024, according to Our World in Data.
- What is the highest historical gov spending gdp recorded in South Korea?
- The highest recorded value was 26.68 in 2022.
- What is the lowest historical gov spending gdp recorded in South Korea?
- The lowest recorded value was 12.12 in 1964.
- How does South Korea rank for historical gov spending gdp?
- South Korea ranks 108th out of 151 countries with data for 2024.
- Is historical gov spending gdp rising or falling in South Korea?
- Over the last ten years it is up 19.6%. 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 Historical gov spending gdp. Statizoid updates them automatically from the source API.
Download this data
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