
South Korea: Education spending, percent of GDP
* indicates monthly or quarterly data series
South Korea |
Public spending on education, percent of GDP |
---|---|
Latest value | 4.46 |
Reference | 2018 |
Measure | percent |
Source | UNESCO |
For that indicator, we provide data for South Korea from 1970 to 2018. The average value for South Korea during that period was 3.44 percent with a minimum of 2.09 percent in 1975 and a maximum of 6.33 percent in 1982.
The latest value from 2018 is 4.46 percent. For comparison, the world average in 2018 based on 158
countries is 4.56 percent.
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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.