
South Korea: Health spending as percent of GDP
* indicates monthly or quarterly data series
South Korea |
Health spending as percent of GDP |
---|---|
Latest value | 8.16 |
Reference | 2019 |
Measure | percent |
Source | The World Bank |
For that indicator, we provide data for South Korea from 2000 to 2019. The average value for South Korea during that period was 5.72 percent with a minimum of 3.9 percent in 2000 and a maximum of 8.16 percent in 2019.
The latest value from 2019 is 8.16 percent. For comparison, the world average in 2019 based on 180
countries is 6.50 percent.
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Definition: Level of current health expenditure expressed as a percentage of GDP. Estimates of current health expenditures include healthcare goods and services consumed during each year. This indicator does not include capital health expenditures such as buildings, machinery, IT and stocks of vaccines for emergency or outbreaks.