South Korea: Education spending, percent of GDP

South Korea: Public spending on education, percent of GDP

: For that indicator, we provide data for South Korea from 1970 to 2016. The average value for South Korea during that period was 3.45 percent with a minimum of 2.1 percent in 1975 and a maximum of 6.38 percent in 1982. The latest value from 2016 is 4.59 percent. For comparison, the world average in 2016 based on 106 countries is 4.55 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: 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.