Public and private social expenditure in Korea
Korea: Public and private social expenditure was 15.33 Percentage of GDP in 2024. ◆ Volatile
Public and private social expenditure in Korea, 1990–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for public and private social expenditure in Korea is 15.33 Percentage of GDP, measured in 2024.
Compared with earlier readings it is down 0.2% on the previous year and up 77.5% over ten years.
Over the whole period, public and private social expenditure in Korea peaked at 16.23 Percentage of GDP in 2022 and was at its lowest, 2.46 Percentage of GDP, in 1991.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.24 Percentage of GDP | 2.46 Percentage of GDP | 5.42 Percentage of GDP | 10 |
| 2000s | 5.54 Percentage of GDP | 4.25 Percentage of GDP | 7.59 Percentage of GDP | 10 |
| 2010s | 8.88 Percentage of GDP | 7.34 Percentage of GDP | 11.42 Percentage of GDP | 10 |
| 2020s | 15.4 Percentage of GDP | 14.88 Percentage of GDP | 16.23 Percentage of GDP | 5 |
Countries ranked near Korea
More social development data for Korea
- Social expenditure aggregates 15.33 Percentage of GDP (2024)
- Annual non-financial accounts by institutional sector (Revenue) 863.91 million National currency (2024)
- Annual government non-financial accounts and key indicators (Revenue) 238.21 million National currency (2024)
- Annual non-financial accounts by institutional sector (Revenue) — Net 316.36 million National currency (2024)
- Annual non-financial accounts by institutional sector (Revenue) 179.07 million National currency (2024)
Frequently asked questions
- What is public and private social expenditure in Korea?
- Public and private social expenditure in Korea was 15.33 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest public and private social expenditure recorded in Korea?
- The highest recorded value was 16.23 Percentage of GDP in 2022.
- What is the lowest public and private social expenditure recorded in Korea?
- The lowest recorded value was 2.46 Percentage of GDP in 1991.
- How does Korea rank for public and private social expenditure?
- Korea ranks 3rd out of 3 groups with data for 2024.
- Is public and private social expenditure rising or falling in Korea?
- Over the last ten years it is up 77.5%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Public and private social expenditure. Statizoid updates them automatically from the source API.
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About this data
The OECD Social Expenditure Database (SOCX) has been developed in order to serve a growing need for indicators of social policy. It includes reliable and internationally comparable statistics on public and mandatory and voluntary private social expenditure at programme level. SOCX provides a unique tool for monitoring trends in aggregate social expenditure and analysing changes in its composition. It covers 38 OECD countries and some accession countries for the period 1980-2021/23 and estimates for aggregates for 2022-24. A Social Expenditure Update can be found under www.oecd.org/en/data/datasets/social-expenditure-database-socx.htm. The main social policy areas are as follows: Old age, Survivors, Incapacity-related benefits, Health, Family, Active labor market programmes, Unemployment, Housing, and Other social policy areas. This version also includes estimates of net total social spending for 2021 for 38 OECD countries. SOCX aggregated data as well as sources and methodology are described in The OECD SOCX Manual – 2019 edition- A guide to the OECD Social Expenditure Database.