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Korea, Rep. — Health spending
Health Spending (% of GDP) for Korea, Rep., 2000–2024.
Latest value · 2024
8.68%
Health Spending (% of GDP) · % of GDP · +133.4% since 2000
Health spending for Korea, Rep. was 8.68% in 2024, according to the latest World Bank data. The series covers 25 years, from 2000 to 2024. The highest recorded value was 8.86% in 2022. The lowest was 3.72% in 2000 (about 2.3× the low point). Across that span the compound annual growth rate works out to 3.59% per year.
Korea, Rep. ranks 49 of 189 economies on this measure (1 = highest), putting it in the top 26%. The median for East Asia & Pacific is 5.94%, so Korea, Rep. sits above it. It peaked in 2022 and has fallen 2% since. Over the last decade (2014–2024) the figure moved up 39%.
Key figures
Latest (2024)
8.68%
First (2000)
3.72%
Change
+133.4%
Highest
8.86%
in 2022
Lowest
3.72%
in 2000
Average
6.13%
Annual growth (CAGR)
3.59%
Years of data
25
Recent years
| Year | % of GDP |
|---|---|
| 2024 | 8.68% |
| 2023 | 8.57% |
| 2022 | 8.86% |
| 2021 | 8.34% |
| 2020 | 8.03% |
| 2019 | 7.69% |
| 2018 | 7.14% |
| 2017 | 6.8% |
| 2016 | 6.64% |
| 2015 | 6.46% |
| 2014 | 6.24% |
| 2013 | 6.07% |
Reading this correctly. Current health expenditure as a share of GDP. Covers both public and private spending on health goods and services. 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
SH.XPD.CHEX.GD.ZS — Health 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.