R&D tax expenditure and direct government funding of BERD — Sum of in Korea
Korea: R&D tax expenditure and direct government funding of BERD — Sum of was 0.3326 Percentage of GDP in 2024. ▲ Rising
R&D tax expenditure and direct government funding of BERD — Sum of in Korea, 2007–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Korea recorded 0.3326 Percentage of GDP for r&d tax expenditure and direct government funding of berd — sum of in 2024.
That represents a change of down 19.6% on the previous year and down 1.7% over ten years.
Over the whole period, r&d tax expenditure and direct government funding of berd — sum of in Korea peaked at 0.4135 Percentage of GDP in 2023 and was at its lowest, 0.2452 Percentage of GDP, in 2016.
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 — Sum of in Korea, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2007 | 0.255 Percentage of GDP | — |
| 2008 | 0.2549 Percentage of GDP | -0.0% |
| 2009 | 0.2769 Percentage of GDP | +8.6% |
| 2010 | 0.2946 Percentage of GDP | +6.4% |
| 2011 | 0.3281 Percentage of GDP | +11.4% |
| 2012 | 0.3523 Percentage of GDP | +7.4% |
| 2013 | 0.358 Percentage of GDP | +1.6% |
| 2014 | 0.3385 Percentage of GDP | -5.4% |
| 2015 | 0.3211 Percentage of GDP | -5.1% |
| 2016 | 0.2452 Percentage of GDP | -23.6% |
| 2017 | 0.2788 Percentage of GDP | +13.7% |
| 2018 | 0.2741 Percentage of GDP | -1.7% |
| 2019 | 0.2708 Percentage of GDP | -1.2% |
| 2020 | 0.3229 Percentage of GDP | +19.2% |
| 2021 | 0.3321 Percentage of GDP | +2.8% |
| 2022 | 0.3798 Percentage of GDP | +14.4% |
| 2023 | 0.4135 Percentage of GDP | +8.9% |
| 2024 | 0.3326 Percentage of GDP | -19.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2623 Percentage of GDP | 0.2549 Percentage of GDP | 0.2769 Percentage of GDP | 3 |
| 2010s | 0.3062 Percentage of GDP | 0.2452 Percentage of GDP | 0.358 Percentage of GDP | 10 |
| 2020s | 0.3562 Percentage of GDP | 0.3229 Percentage of GDP | 0.4135 Percentage of GDP | 5 |
Countries ranked near Korea
- 1 United Kingdom 0.4043 Percentage of GDP compare
- 1 Portugal 0.516 Percentage of GDP compare
- 2 Russia 0.4728 Percentage of GDP compare
- 3 Iceland 0.4404 Percentage of GDP compare
- 3 United States 0.2885 Percentage of GDP compare
- 4 France 0.4168 Percentage of GDP compare
- 4 Türkiye 0.2764 Percentage of GDP compare
- 5 Netherlands 0.2343 Percentage of GDP compare
- 5 Austria 0.3449 Percentage of GDP compare
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- 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)
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Frequently asked questions
- What is r&d tax expenditure and direct government funding of berd — sum of in Korea?
- R&d tax expenditure and direct government funding of berd — sum of in Korea was 0.3326 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 — sum of recorded in Korea?
- The highest recorded value was 0.4135 Percentage of GDP in 2023.
- What is the lowest r&d tax expenditure and direct government funding of berd — sum of recorded in Korea?
- The lowest recorded value was 0.2452 Percentage of GDP in 2016.
- How does Korea rank for r&d tax expenditure and direct government funding of berd — sum of?
- Korea ranks 2nd out of 12 groups with data for 2024.
- Is r&d tax expenditure and direct government funding of berd — sum of rising or falling in Korea?
- Over the last ten years it is down 1.7%. 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 — Sum of tax incentive support for business R&D (GTARD) and government-financed BERD. 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.