South Korea: Education spending, percent of GDP
* indicates monthly or quarterly data series
| South Korea |
Public spending on education, percent of GDP |
|---|---|
| Latest value | 4.80 |
| Year | 2020 |
| Measure | percent |
| Data availability | 1970 - 2020 |
| Average | 3.59 |
| Min - Max | 2.09 - 6.33 |
| Source | UNESCO |
The latest value from 2020 is 4.8 percent, an increase from 4.68 percent in 2019. In comparison, the world average is 4.57 percent, based on data from 152 countries. Historically, the average for South Korea from 1970 to 2020 is 3.59 percent. The minimum value, 2.09 percent, was reached in 1975 while the maximum of 6.33 percent was recorded in 1982.
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* indicates monthly or quarterly data series
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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.
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