Korea, Rep. | Adjusted savings: education expenditure (% of GNI)

Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. Limitations and exceptions: Public education expenditures are considered an addition to savings. However, because of the wide variability in the effectiveness of public education expenditures, these figures cannot be construed as the value of investments in human capital. A current expenditure of $1 on education does not necessarily yield $1 of human capital. The calculation should also consider private education expenditure, but data are not available for a large number of countries.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
Korea, Rep. | Adjusted savings: education expenditure (% of GNI)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 2.6
1971 2.9
1972 2.7
1973 2.5
1974 2.1321984
1975 1.6
1976 2.5
1977 2.3
1978 2.3806545
1979 2.6
1980 3
1981 2.6
1982 5.4
1983 3.5
1984 3.4
1985 3.4
1986 3.2
1987 3.1
1988 2.5
1989 2.8
1990 2.9
1991 2.9
1992 3.1
1993 3.2
1994 3.3
1995 3.2
1996 3.3614832
1997 3.2041161
1998 2.70587525
1999 2.8
2000 2.88333333
2001 2.96666667
2002 3.05
2003 3.35
2004 3.61
2005 3.42
2006 3.73
2007 3.7
2008 4
2009 3.93
2010 4.04247732
2011 4.15495464
2012 4.11
2013 4.56291354
2014 4.59576911
2015 4.63873508
2016 4.1512789
2017 3.66382273
2018 3.76295084
2019 3.84041476
2020 3.84041476
2021 3.84041476
2022

Korea, Rep. | Adjusted savings: education expenditure (% of GNI)

Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. Limitations and exceptions: Public education expenditures are considered an addition to savings. However, because of the wide variability in the effectiveness of public education expenditures, these figures cannot be construed as the value of investments in human capital. A current expenditure of $1 on education does not necessarily yield $1 of human capital. The calculation should also consider private education expenditure, but data are not available for a large number of countries.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source