Social expenditure aggregates in Korea
Korea: Social expenditure aggregates was 15.33 Percentage of GDP in 2024. ◆ Volatile
Social expenditure aggregates in Korea, 1990–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Korea recorded 15.33 Percentage of GDP for social expenditure aggregates 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, social expenditure aggregates 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
- Public and private social expenditure 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 social expenditure aggregates in Korea?
- Social expenditure aggregates in Korea was 15.33 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest social expenditure aggregates recorded in Korea?
- The highest recorded value was 16.23 Percentage of GDP in 2022.
- What is the lowest social expenditure aggregates recorded in Korea?
- The lowest recorded value was 2.46 Percentage of GDP in 1991.
- How does Korea rank for social expenditure aggregates?
- Korea ranks 3rd out of 3 groups with data for 2024.
- Is social expenditure aggregates 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 Social expenditure aggregates. 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.