Public expenditure on old-age and survivors cash benefits in % GDP in Korea
Korea: Public expenditure on old-age and survivors cash benefits in % GDP was 3.81 Percentage of GDP in 2022. ▲ Rising
Public expenditure on old-age and survivors cash benefits in % GDP in Korea, 1990–2022
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2022, public expenditure on old-age and survivors cash benefits in % gdp in Korea stood at 3.81 Percentage of GDP. That is the highest value across all 33 years on record.
Compared with earlier readings it is up 7.0% on the previous year and up 79.9% over ten years.
Over the whole period, public expenditure on old-age and survivors cash benefits in % gdp in Korea peaked at 3.81 Percentage of GDP in 2022 and was at its lowest, 0.71 Percentage of GDP, in 1990.
The long-run direction has been consistently rising across the 33 years of available data.
Public expenditure on old-age and survivors cash benefits in % GDP in Korea, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1990 | 0.71 Percentage of GDP | — |
| 1991 | 0.764 Percentage of GDP | +7.6% |
| 1992 | 0.882 Percentage of GDP | +15.4% |
| 1993 | 0.969 Percentage of GDP | +9.9% |
| 1994 | 1.01 Percentage of GDP | +4.3% |
| 1995 | 1.1 Percentage of GDP | +8.5% |
| 1996 | 1.07 Percentage of GDP | -2.6% |
| 1997 | 1.12 Percentage of GDP | +5.3% |
| 1998 | 1.76 Percentage of GDP | +56.3% |
| 1999 | 2.27 Percentage of GDP | +28.8% |
| 2000 | 1.27 Percentage of GDP | -44.1% |
| 2001 | 1.05 Percentage of GDP | -16.7% |
| 2002 | 1.04 Percentage of GDP | -1.2% |
| 2003 | 1.17 Percentage of GDP | +12.7% |
| 2004 | 1.23 Percentage of GDP | +4.9% |
| 2005 | 1.35 Percentage of GDP | +10.1% |
| 2006 | 1.42 Percentage of GDP | +4.9% |
| 2007 | 1.48 Percentage of GDP | +4.0% |
| 2008 | 1.75 Percentage of GDP | +18.5% |
| 2009 | 1.85 Percentage of GDP | +5.7% |
| 2010 | 1.89 Percentage of GDP | +1.9% |
| 2011 | 1.94 Percentage of GDP | +2.7% |
| 2012 | 2.12 Percentage of GDP | +9.4% |
| 2013 | 2.16 Percentage of GDP | +1.8% |
| 2014 | 2.4 Percentage of GDP | +11.5% |
| 2015 | 2.62 Percentage of GDP | +8.9% |
| 2016 | 2.63 Percentage of GDP | +0.5% |
| 2017 | 2.7 Percentage of GDP | +2.7% |
| 2018 | 2.83 Percentage of GDP | +4.9% |
| 2019 | 3.1 Percentage of GDP | +9.2% |
| 2020 | 3.52 Percentage of GDP | +13.7% |
| 2021 | 3.56 Percentage of GDP | +1.2% |
| 2022 | 3.81 Percentage of GDP | +7.0% |
Biggest year-on-year movements
Years where Public expenditure on old-age and survivors cash benefits in % GDP in 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 |
|---|---|---|---|
| 1998 | +56.3% | 1.12 Percentage of GDP | 1.76 Percentage of GDP |
| 2000 | -44.1% | 2.27 Percentage of GDP | 1.27 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.16 Percentage of GDP | 0.71 Percentage of GDP | 2.27 Percentage of GDP | 10 |
| 2000s | 1.36 Percentage of GDP | 1.04 Percentage of GDP | 1.85 Percentage of GDP | 10 |
| 2010s | 2.44 Percentage of GDP | 1.89 Percentage of GDP | 3.1 Percentage of GDP | 10 |
| 2020s | 3.63 Percentage of GDP | 3.52 Percentage of GDP | 3.81 Percentage of GDP | 3 |
Countries ranked near Korea
- 1 Greece 16.18 Percentage of GDP compare
- 1 Poland 11.19 Percentage of GDP compare
- 1 Croatia 8.89 Percentage of GDP compare
- 2 Italy 16.09 Percentage of GDP compare
- 2 Slovenia 10.62 Percentage of GDP compare
- 3 Austria 14.02 Percentage of GDP compare
- 3 Latvia 7.52 Percentage of GDP compare
- 4 Estonia 6.78 Percentage of GDP compare
- 4 France 13.4 Percentage of GDP compare
- 5 Lithuania 6.5 Percentage of GDP compare
- 5 Portugal 12.92 Percentage of GDP compare
- 6 Netherlands 6.44 Percentage of GDP compare
- 6 Spain 12.28 Percentage of GDP compare
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- 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 old-age and survivors cash benefits in % gdp in Korea?
- Public expenditure on old-age and survivors cash benefits in % gdp in Korea was 3.81 Percentage of GDP in 2022, according to Organisation for Economic Co-operation and Development.
- What is the highest public expenditure on old-age and survivors cash benefits in % gdp recorded in Korea?
- The highest recorded value was 3.81 Percentage of GDP in 2022.
- What is the lowest public expenditure on old-age and survivors cash benefits in % gdp recorded in Korea?
- The lowest recorded value was 0.71 Percentage of GDP in 1990.
- How does Korea rank for public expenditure on old-age and survivors cash benefits in % gdp?
- Korea ranks 3rd out of 3 groups with data for 2022.
- Is public expenditure on old-age and survivors cash benefits in % gdp rising or falling in Korea?
- Over the last ten years it is up 79.9%. The long-run trend across the full record is rising.
- 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 old-age and survivors cash benefits 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.