Total Expenditure (general government) — Value US$, 2015 prices in Republic of Korea
Republic of Korea: Total Expenditure (general government) — Value US$, 2015 prices was 455,417 million USD in 2015. ▲ Rising
Total Expenditure (general government) — Value US$, 2015 prices in Republic of Korea, 2007–2015
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for total expenditure (general government) — value us$, 2015 prices in Republic of Korea is 455,417 million USD, measured in 2015. That is the highest value across all 9 years on record.
The figure is up 3.1% on the previous year and up 104.7% over ten years.
Over the whole period, total expenditure (general government) — value us$, 2015 prices in Republic of Korea peaked at 455,417 million USD in 2015 and was at its lowest, 222,482 million USD, in 2007.
That places Republic of Korea 13th out of 114 countries with data for 2015, putting it in the top quarter.
Total Expenditure (general government) — Value US$, 2015 prices in Republic of Korea, year by year
| Year | million USD | Change |
|---|---|---|
| 2007 | 222,482 million USD | — |
| 2008 | 293,018 million USD | +31.7% |
| 2009 | 321,687 million USD | +9.8% |
| 2010 | 301,158 million USD | -6.4% |
| 2011 | 312,777 million USD | +3.9% |
| 2012 | 431,898 million USD | +38.1% |
| 2013 | 427,297 million USD | -1.1% |
| 2014 | 441,889 million USD | +3.4% |
| 2015 | 455,417 million USD | +3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 279,062 million USD | 222,482 million USD | 321,687 million USD | 3 |
| 2010s | 395,073 million USD | 301,158 million USD | 455,417 million USD | 6 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
Frequently asked questions
- What is total expenditure (general government) — value us$, 2015 prices in Republic of Korea?
- Total expenditure (general government) — value us$, 2015 prices in Republic of Korea was 455,417 million USD in 2015, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (general government) — value us$, 2015 prices recorded in Republic of Korea?
- The highest recorded value was 455,417 million USD in 2015.
- What is the lowest total expenditure (general government) — value us$, 2015 prices recorded in Republic of Korea?
- The lowest recorded value was 222,482 million USD in 2007.
- How does Republic of Korea rank for total expenditure (general government) — value us$, 2015 prices?
- Republic of Korea ranks 13th out of 114 countries with data for 2015.
- Is total expenditure (general government) — value us$, 2015 prices rising or falling in Republic of Korea?
- Over the last ten years it is up 104.7%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (general government) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.