Total Expenditure (general government) — Value US$ in Republic of Korea
Republic of Korea: Total Expenditure (general government) — Value US$ was 455,417 million USD in 2015. ▲ Rising
Total Expenditure (general government) — Value US$ in Republic of Korea, 2007–2015
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2015, total expenditure (general government) — value us$ in Republic of Korea stood at 455,417 million USD.
The figure is down 1.0% on the previous year and up 99.1% over ten years.
Over the whole period, total expenditure (general government) — value us$ in Republic of Korea peaked at 459,829 million USD in 2014 and was at its lowest, 228,717 million USD, in 2007.
Republic of Korea ranks 15th of 114 countries on this measure, in the top quarter.
Total Expenditure (general government) — Value US$ in Republic of Korea, year by year
| Year | million USD | Change |
|---|---|---|
| 2007 | 228,717 million USD | — |
| 2008 | 261,954 million USD | +14.5% |
| 2009 | 256,378 million USD | -2.1% |
| 2010 | 272,293 million USD | +6.2% |
| 2011 | 298,867 million USD | +9.8% |
| 2012 | 411,133 million USD | +37.6% |
| 2013 | 423,083 million USD | +2.9% |
| 2014 | 459,829 million USD | +8.7% |
| 2015 | 455,417 million USD | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 249,016 million USD | 228,717 million USD | 261,954 million USD | 3 |
| 2010s | 386,770 million USD | 272,293 million USD | 459,829 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$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
Frequently asked questions
- What is total expenditure (general government) — value us$ in Republic of Korea?
- Total expenditure (general government) — value us$ 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$ recorded in Republic of Korea?
- The highest recorded value was 459,829 million USD in 2014.
- What is the lowest total expenditure (general government) — value us$ recorded in Republic of Korea?
- The lowest recorded value was 228,717 million USD in 2007.
- How does Republic of Korea rank for total expenditure (general government) — value us$?
- Republic of Korea ranks 15th out of 114 countries with data for 2015.
- Is total expenditure (general government) — value us$ rising or falling in Republic of Korea?
- Over the last ten years it is up 99.1%. 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$. Statizoid updates them automatically from the source API.
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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.