Total gov expenditure gdp wdi in Republic of Korea
Republic of Korea: Total gov expenditure gdp wdi was 28.32 in 2023. β² Rising
Latest (2023)
28.32
Change on year
down 9.5%
World rank
66th
of 157 countries
All-time high
31.3
in 2022
All-time low
11.15
in 1973
Years of data
52
1972β2023
Total gov expenditure gdp wdi in Republic of Korea, 1972β2023
Source: Our World in Data.
Analysis
In 2023, total gov expenditure gdp wdi in Republic of Korea stood at 28.32.
That represents a change of down 9.5% on the previous year and up 23.4% over ten years.
Over the whole period, total gov expenditure gdp wdi in Republic of Korea peaked at 31.3 in 2022 and was at its lowest, 11.15, in 1973.
That places Republic of Korea 66th out of 157 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 52 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.47 | 11.15 | 15.31 | 8 |
| 1980s | 13.56 | 11.87 | 15.6 | 10 |
| 1990s | 13.12 | 12.61 | 14.74 | 10 |
| 2000s | 16.71 | 14.84 | 18.53 | 10 |
| 2010s | 22.03 | 16.9 | 25.95 | 10 |
| 2020s | 29.05 | 28.03 | 31.3 | 4 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Taxes less subsidies on products (current LCU), annual growth rate 1.82 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 99.26 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 3.60 million current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0005 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1,965 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1,435 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.0007 (2025)
- Gdp worldbank constant usd, annual growth rate 1.01 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 1.03 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 37,470 units per person (2025)
Frequently asked questions
- What is total gov expenditure gdp wdi in Republic of Korea?
- Total gov expenditure gdp wdi in Republic of Korea was 28.32 in 2023, according to Our World in Data.
- What is the highest total gov expenditure gdp wdi recorded in Republic of Korea?
- The highest recorded value was 31.3 in 2022.
- What is the lowest total gov expenditure gdp wdi recorded in Republic of Korea?
- The lowest recorded value was 11.15 in 1973.
- How does Republic of Korea rank for total gov expenditure gdp wdi?
- Republic of Korea ranks 66th out of 157 countries with data for 2023.
- Is total gov expenditure gdp wdi rising or falling in Republic of Korea?
- Over the last ten years it is up 23.4%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Our World in Data, published as part of Total gov expenditure gdp wdi. Statizoid updates them automatically from the source API.
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