R&D tax expenditure and direct government funding of BERD — Indirect in Korea
Korea: R&D tax expenditure and direct government funding of BERD — Indirect was 0.1157 Percentage of GDP in 2024. ▬ Flat
R&D tax expenditure and direct government funding of BERD — Indirect in Korea, 2007–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for r&d tax expenditure and direct government funding of berd — indirect in Korea is 0.1157 Percentage of GDP, measured in 2024.
Compared with earlier readings it is down 39.8% on the previous year and down 36.5% over ten years.
Over the whole period, r&d tax expenditure and direct government funding of berd — indirect in Korea peaked at 0.1938 Percentage of GDP in 2013 and was at its lowest, 0.1152 Percentage of GDP, in 2019.
R&D tax expenditure and direct government funding of BERD — Indirect in Korea, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2007 | 0.1241 Percentage of GDP | — |
| 2008 | 0.1274 Percentage of GDP | +2.7% |
| 2009 | 0.1238 Percentage of GDP | -2.8% |
| 2010 | 0.1346 Percentage of GDP | +8.7% |
| 2011 | 0.1685 Percentage of GDP | +25.2% |
| 2012 | 0.1802 Percentage of GDP | +6.9% |
| 2013 | 0.1938 Percentage of GDP | +7.5% |
| 2014 | 0.1821 Percentage of GDP | -6.0% |
| 2015 | 0.1704 Percentage of GDP | -6.4% |
| 2016 | 0.1222 Percentage of GDP | -28.3% |
| 2017 | 0.1268 Percentage of GDP | +3.8% |
| 2018 | 0.1249 Percentage of GDP | -1.5% |
| 2019 | 0.1152 Percentage of GDP | -7.8% |
| 2020 | 0.1343 Percentage of GDP | +16.6% |
| 2021 | 0.1228 Percentage of GDP | -8.6% |
| 2022 | 0.1602 Percentage of GDP | +30.5% |
| 2023 | 0.1922 Percentage of GDP | +20.0% |
| 2024 | 0.1157 Percentage of GDP | -39.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1251 Percentage of GDP | 0.1238 Percentage of GDP | 0.1274 Percentage of GDP | 3 |
| 2010s | 0.1519 Percentage of GDP | 0.1152 Percentage of GDP | 0.1938 Percentage of GDP | 10 |
| 2020s | 0.145 Percentage of GDP | 0.1157 Percentage of GDP | 0.1922 Percentage of GDP | 5 |
Countries ranked near Korea
- 2 Iceland 0.2802 Percentage of GDP compare
- 2 Viet Nam 0 Percentage of GDP
- 2 United States 0.1635 Percentage of GDP compare
- 3 Türkiye 0.1431 Percentage of GDP compare
- 3 France 0.2689 Percentage of GDP compare
- 4 Netherlands 0.1185 Percentage of GDP compare
- 4 China 0.2426 Percentage of GDP compare
- 5 Austria 0.2354 Percentage of GDP compare
- 6 Belgium 0.2315 Percentage of GDP compare
- 6 Slovenia 0.1033 Percentage of GDP compare
- 7 Ireland 0.186 Percentage of GDP compare
- 7 Poland 0.0674 Percentage of GDP compare
- 8 Japan 0.1652 Percentage of GDP compare
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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 r&d tax expenditure and direct government funding of berd — indirect in Korea?
- R&d tax expenditure and direct government funding of berd — indirect in Korea was 0.1157 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 — indirect recorded in Korea?
- The highest recorded value was 0.1938 Percentage of GDP in 2013.
- What is the lowest r&d tax expenditure and direct government funding of berd — indirect recorded in Korea?
- The lowest recorded value was 0.1152 Percentage of GDP in 2019.
- How does Korea rank for r&d tax expenditure and direct government funding of berd — indirect?
- Korea ranks 5th out of 12 groups with data for 2024.
- Is r&d tax expenditure and direct government funding of berd — indirect rising or falling in Korea?
- Over the last ten years it is down 36.5%. The long-run trend across the full record is flat.
- 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 — Indirect government support through R&D tax incentives (GTARD). Statizoid updates them automatically from the source API.
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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.