Korea, Rep. | Government expenditure on education, total (% of GDP)

General government expenditure on education (current, capital, and transfers) is expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments. Development relevance: The percentage of government expenditure on education to GDP is useful to compare education expenditure between countries and/or over time in relation to the size of their economy; A high percentage to GDP suggests a high priority for education and a capacity of raising revenues for public spending. Note that government expenditure appears lower in some countries where the private sector and/or households have a large share in total funding for education. Limitations and exceptions: Data may refer to spending by the ministry of education only (excluding spending on educational activities by other ministries). Statistical concept and methodology: Government expenditure on education, total (% of GDP) is calculated by dividing total government expenditure for all levels of education by the GDP, and multiplying by 100. Aggregate data are based on World Bank estimates. Data on education are collected by the UNESCO Institute for Statistics from official responses to its annual education survey. All the data are mapped to the International Standard Classification of Education (ISCED) to ensure the comparability of education programs at the international level. The current version was formally adopted by UNESCO Member States in 2011. GDP data come from the World Bank. The reference years reflect the school year for which the data are presented. In some countries the school year spans two calendar years (for example, from September 2010 to June 2011); in these cases the reference year refers to the year in which the school year ended (2011 in the example).
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
Korea, Rep. | Government expenditure on education, total (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 3.41404009
1971 3.73918009
1972 3.22075009
1973 2.68021989
1974
1975 2.08925009
1976 2.75457001
1977 2.42641997
1978
1979 3.01883006
1980 3.45874
1981 2.8986299
1982 6.32966995
1983 4.3153801
1984 4.00532007
1985 3.98644996
1986 3.63594007
1987 3.37423992
1988 2.74737
1989 3.06262994
1990 3.03873992
1991 3.48924994
1992 3.57788992
1993 3.69698
1994 3.01831007
1995 2.93543005
1996
1997
1998 3.36813998
1999 3.36929011
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009 3.91358161
2010 3.52756691
2011
2012
2013
2014
2015 4.45423794
2016 4.33309984
2017 4.32823992
2018 4.45807981
2019 4.68465996
2020 4.80172014
2021
2022

Korea, Rep. | Government expenditure on education, total (% of GDP)

General government expenditure on education (current, capital, and transfers) is expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments. Development relevance: The percentage of government expenditure on education to GDP is useful to compare education expenditure between countries and/or over time in relation to the size of their economy; A high percentage to GDP suggests a high priority for education and a capacity of raising revenues for public spending. Note that government expenditure appears lower in some countries where the private sector and/or households have a large share in total funding for education. Limitations and exceptions: Data may refer to spending by the ministry of education only (excluding spending on educational activities by other ministries). Statistical concept and methodology: Government expenditure on education, total (% of GDP) is calculated by dividing total government expenditure for all levels of education by the GDP, and multiplying by 100. Aggregate data are based on World Bank estimates. Data on education are collected by the UNESCO Institute for Statistics from official responses to its annual education survey. All the data are mapped to the International Standard Classification of Education (ISCED) to ensure the comparability of education programs at the international level. The current version was formally adopted by UNESCO Member States in 2011. GDP data come from the World Bank. The reference years reflect the school year for which the data are presented. In some countries the school year spans two calendar years (for example, from September 2010 to June 2011); in these cases the reference year refers to the year in which the school year ended (2011 in the example).
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source