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Korea, Rep. — Education spending
Government Education Spending (% of GDP) for Korea, Rep., 1970–2022.
Latest value · 2022
5.41%
Government Education Spending (% of GDP) · % of GDP · +59.8% since 1970
Education spending for Korea, Rep. was 5.41% in 2022, according to the latest World Bank data. The series covers 34 years, from 1970 to 2022. The highest recorded value was 6.21% in 1982. The lowest was 2.06% in 1975 (about 2.6× the low point). Across that span the compound annual growth rate works out to 0.91% per year.
Korea, Rep. ranks 37 of 172 economies on this measure (1 = highest), putting it in the top 22%. The median for East Asia & Pacific is 4.25%, so Korea, Rep. sits above it. It peaked in 1982 and has fallen 13% since. Over the last decade (2015–2022) the figure moved up 27%.
Key figures
Latest (2022)
5.41%
First (1970)
3.38%
Change
+59.8%
Highest
6.21%
in 1982
Lowest
2.06%
in 1975
Average
3.57%
Annual growth (CAGR)
0.91%
Years of data
34
Recent years
| Year | % of GDP |
|---|---|
| 2022 | 5.41% |
| 2021 | 4.56% |
| 2020 | 4.53% |
| 2019 | 4.42% |
| 2018 | 4.22% |
| 2017 | 4.11% |
| 2016 | 4.12% |
| 2015 | 4.24% |
| 1999 | 3.25% |
| 1998 | 3.25% |
| 1995 | 2.84% |
| 1994 | 2.92% |
Reading this correctly. Total general government expenditure on education, expressed as a percentage of GDP. Includes both current and capital spending. Figures are in % of GDP. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
SE.XPD.TOTL.GD.ZS — Government Education Spending (% of GDP). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.