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World Bank · Economy

Korea, Republic of: Expense (% of GDP)

28.32percent · 2023+23.4% since 2013

Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period. Annual figures for Korea, Republic of from 1972 to 2023.

19842023

Every year

YearValue (percent)Note
202328.323
202231.298
202128.546
202028.026
201925.947
201823.567
201722.742
201622.322
201522.373
201422.53
201322.96
201223.576
201117.389
201016.901
200918.534
200817.575
200717.308
200617.841
200517.144
200416.542
200316.688
200214.899
200115.758
200014.842
199914.322
199814.738
199712.62
199612.809
199512.612
199412.76
199312.697
199213.002
199112.786
199012.865
198912.732
198811.87
198712.3
198612.897
198513.562
198413.392
198313.873
198215.603
198114.609
198014.751
197914.406
197813.38
197713.408
197614.341
197513.624
197412.162
197311.154
197215.308

Source

Published by World Bank, produced by International Monetary Fund, World Bank, OECD. Licence: CC BY 4.0. Retrieved 2026-11-08.

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Cite or download

World Bank (2026). Expense (% of GDP). Interva. https://interva.co/dataset/worldbank-expense-zs (accessed 2026-11-15). catalog snapshot 2026-11-08.

JSON, Korea, Republic ofAPI and MCP

Expense (% of GDP) in other countries

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Korea, Republic of: Expense (% of GDP) (1972–2023) · Interva