R&D tax expenditure and direct government funding of BERD in Korea
Korea: R&D tax expenditure and direct government funding of BERD was 1.15 Percentage of GDP in 2024. ▲ Rising
R&D tax expenditure and direct government funding of BERD in Korea, 2007–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, r&d tax expenditure and direct government funding of berd in Korea stood at 1.15 Percentage of GDP.
That represents a change of down 22.2% on the previous year and down 9.0% over ten years.
Over the whole period, r&d tax expenditure and direct government funding of berd in Korea peaked at 1.48 Percentage of GDP in 2023 and was at its lowest, 0.9846 Percentage of GDP, in 2007.
The long-run direction has been consistently rising across the 18 years of available data.
R&D tax expenditure and direct government funding of BERD in Korea, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2007 | 0.9846 Percentage of GDP | — |
| 2008 | 1.05 Percentage of GDP | +6.5% |
| 2009 | 1.14 Percentage of GDP | +8.3% |
| 2010 | 1.13 Percentage of GDP | -0.7% |
| 2011 | 1.2 Percentage of GDP | +6.1% |
| 2012 | 1.25 Percentage of GDP | +4.1% |
| 2013 | 1.29 Percentage of GDP | +3.2% |
| 2014 | 1.27 Percentage of GDP | -1.4% |
| 2015 | 1.26 Percentage of GDP | -0.9% |
| 2016 | 1.17 Percentage of GDP | -7.1% |
| 2017 | 1.14 Percentage of GDP | -2.7% |
| 2018 | 1.11 Percentage of GDP | -2.3% |
| 2019 | 1.14 Percentage of GDP | +2.5% |
| 2020 | 1.31 Percentage of GDP | +15.4% |
| 2021 | 1.36 Percentage of GDP | +3.7% |
| 2022 | 1.43 Percentage of GDP | +5.1% |
| 2023 | 1.48 Percentage of GDP | +3.6% |
| 2024 | 1.15 Percentage of GDP | -22.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.06 Percentage of GDP | 0.9846 Percentage of GDP | 1.14 Percentage of GDP | 3 |
| 2010s | 1.19 Percentage of GDP | 1.11 Percentage of GDP | 1.29 Percentage of GDP | 10 |
| 2020s | 1.35 Percentage of GDP | 1.15 Percentage of GDP | 1.48 Percentage of GDP | 5 |
Countries ranked near Korea
- 1 Japan 1.54 Percentage of GDP compare
- 2 Iceland 1.32 Percentage of GDP compare
- 2 Slovenia 0.9177 Percentage of GDP compare
- 3 Netherlands 0.9143 Percentage of GDP compare
- 3 Austria 1.13 Percentage of GDP compare
- 4 United Kingdom 0.8936 Percentage of GDP compare
- 4 Germany 1.06 Percentage of GDP 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 r&d tax expenditure and direct government funding of berd in Korea?
- R&d tax expenditure and direct government funding of berd in Korea was 1.15 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest r&d tax expenditure and direct government funding of berd recorded in Korea?
- The highest recorded value was 1.48 Percentage of GDP in 2023.
- What is the lowest r&d tax expenditure and direct government funding of berd recorded in Korea?
- The lowest recorded value was 0.9846 Percentage of GDP in 2007.
- How does Korea rank for r&d tax expenditure and direct government funding of berd?
- Korea ranks 1st out of 12 groups with data for 2024.
- Is r&d tax expenditure and direct government funding of berd rising or falling in Korea?
- Over the last ten years it is down 9.0%. 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 R&D tax expenditure and direct government funding of BERD — Government budgets for R&D and tax incentive support for business R&D (GBARD+GTARD). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
The OECD R&D Tax Incentives database provides a set of indicators that reflect the level and structure of central and subnational government support for business R&D in form of R&D tax incentives and direct funding across OECD member countries and other major economies. This includes time-series indicators of tax expenditures for R&D, based on the latest OECD data collection on tax incentive support for R&D expenditures. Estimates of the cost of R&D tax support at subnational government level are reported whenever such provisions are applicable and relevant data are available. These estimates of the cost of central and subnational R&D tax relief have been combined with data on direct government funding of business expenditure on R&D (BERD), as compiled by National Statistical Offices based on reports from firms, in order to provide a more complete picture of government efforts to promote business R&D. Furthermore, these estimates are combined with data on Government budget allocations for R&D (GBARD) in the broader context of overall budgetary support for R&D activities undertaken by governments. Government budget allocations for R&D include direct funding provided to all sectors, including contributions to R&D programmes abroad. OECD (2019) provides a practical guide to using the OECD R&D Tax Incentives database, describing the R&D tax incentive time series data and highlighting their potential for internationally comparative work through descriptive indicators and econometric analysis.