Public expenditure on family by type of expenditure (cash and in) in Korea
Korea: Public expenditure on family by type of expenditure (cash and in) was 1.65 Percentage of GDP in 2022. ◆ Volatile
Public expenditure on family by type of expenditure (cash and in) in Korea, 1990–2022
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for public expenditure on family by type of expenditure (cash and in) in Korea is 1.65 Percentage of GDP, measured in 2022.
The figure is up 2.2% on the previous year and up 107.0% over ten years.
Over the whole period, public expenditure on family by type of expenditure (cash and in) in Korea peaked at 1.81 Percentage of GDP in 2020 and was at its lowest, 0.029 Percentage of GDP, in 1990.
The series is highly variable year to year, so single readings are best treated with caution.
Public expenditure on family by type of expenditure (cash and in) in Korea, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1990 | 0.029 Percentage of GDP | — |
| 1991 | 0.035 Percentage of GDP | +20.7% |
| 1992 | 0.039 Percentage of GDP | +11.4% |
| 1993 | 0.047 Percentage of GDP | +20.5% |
| 1994 | 0.048 Percentage of GDP | +2.1% |
| 1995 | 0.058 Percentage of GDP | +20.8% |
| 1996 | 0.066 Percentage of GDP | +13.8% |
| 1997 | 0.076 Percentage of GDP | +15.2% |
| 1998 | 0.099 Percentage of GDP | +30.3% |
| 1999 | 0.086 Percentage of GDP | -13.1% |
| 2000 | 0.098 Percentage of GDP | +14.0% |
| 2001 | 0.128 Percentage of GDP | +30.6% |
| 2002 | 0.125 Percentage of GDP | -2.3% |
| 2003 | 0.146 Percentage of GDP | +16.8% |
| 2004 | 0.175 Percentage of GDP | +19.9% |
| 2005 | 0.214 Percentage of GDP | +22.3% |
| 2006 | 0.455 Percentage of GDP | +112.6% |
| 2007 | 0.4 Percentage of GDP | -12.1% |
| 2008 | 0.519 Percentage of GDP | +29.8% |
| 2009 | 0.623 Percentage of GDP | +20.0% |
| 2010 | 0.642 Percentage of GDP | +3.0% |
| 2011 | 0.645 Percentage of GDP | +0.5% |
| 2012 | 0.798 Percentage of GDP | +23.7% |
| 2013 | 1.09 Percentage of GDP | +36.8% |
| 2014 | 1.07 Percentage of GDP | -1.8% |
| 2015 | 1.07 Percentage of GDP | +0.2% |
| 2016 | 1.05 Percentage of GDP | -2.6% |
| 2017 | 1.05 Percentage of GDP | +0.1% |
| 2018 | 1.12 Percentage of GDP | +6.6% |
| 2019 | 1.3 Percentage of GDP | +16.1% |
| 2020 | 1.81 Percentage of GDP | +40.0% |
| 2021 | 1.62 Percentage of GDP | -10.9% |
| 2022 | 1.65 Percentage of GDP | +2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0583 Percentage of GDP | 0.029 Percentage of GDP | 0.099 Percentage of GDP | 10 |
| 2000s | 0.2883 Percentage of GDP | 0.098 Percentage of GDP | 0.623 Percentage of GDP | 10 |
| 2010s | 0.9828 Percentage of GDP | 0.642 Percentage of GDP | 1.3 Percentage of GDP | 10 |
| 2020s | 1.69 Percentage of GDP | 1.62 Percentage of GDP | 1.81 Percentage of GDP | 3 |
Countries ranked near Korea
- 1 Iceland 3.82 Percentage of GDP compare
- 1 Poland 3.33 Percentage of GDP compare
- 2 Estonia 3 Percentage of GDP compare
- 2 Sweden 3.32 Percentage of GDP compare
- 2 Croatia 1.97 Percentage of GDP compare
- 3 Latvia 2.88 Percentage of GDP compare
- 3 Luxembourg 3.19 Percentage of GDP compare
- 4 Denmark 3.15 Percentage of GDP compare
- 4 Lithuania 2.81 Percentage of GDP compare
- 5 Finland 3.09 Percentage of GDP compare
- 5 Slovenia 1.87 Percentage of GDP compare
- 6 Belgium 2.8 Percentage of GDP compare
- 6 Netherlands 1.62 Percentage of GDP compare
More economy & growth data for Korea
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- 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 public expenditure on family by type of expenditure (cash and in) in Korea?
- Public expenditure on family by type of expenditure (cash and in) in Korea was 1.65 Percentage of GDP in 2022, according to Organisation for Economic Co-operation and Development.
- What is the highest public expenditure on family by type of expenditure (cash and in) recorded in Korea?
- The highest recorded value was 1.81 Percentage of GDP in 2020.
- What is the lowest public expenditure on family by type of expenditure (cash and in) recorded in Korea?
- The lowest recorded value was 0.029 Percentage of GDP in 1990.
- How does Korea rank for public expenditure on family by type of expenditure (cash and in)?
- Korea ranks 3rd out of 3 groups with data for 2022.
- Is public expenditure on family by type of expenditure (cash and in) rising or falling in Korea?
- Over the last ten years it is up 107.0%. 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 Public expenditure on family by type of expenditure (cash and in kind) in % GDP — Social expenditure. Statizoid updates them automatically from the source API.
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About this data
The OECD Social Expenditure Database (SOCX) has been developed in order to serve a growing need for indicators of social policy. It includes reliable and internationally comparable statistics on public and mandatory and voluntary private social expenditure at programme level. SOCX provides a unique tool for monitoring trends in aggregate social expenditure and analysing changes in its composition. It covers 38 OECD countries and some accession countries for the period 1980-2021/23 and estimates for aggregates for 2022-24. A Social Expenditure Update can be found under www.oecd.org/en/data/datasets/social-expenditure-database-socx.htm. The main social policy areas are as follows: Old age, Survivors, Incapacity-related benefits, Health, Family, Active labor market programmes, Unemployment, Housing, and Other social policy areas. This version also includes estimates of net total social spending for 2021 for 38 OECD countries. SOCX aggregated data as well as sources and methodology are described in The OECD SOCX Manual – 2019 edition- A guide to the OECD Social Expenditure Database.