South Korea: Research and development expenditure, percent of GDP
, 1996 - 2018:
For that indicator, we provide data for South Korea from 1996 to 2018. The average value for South Korea during that period was 3.17 percent with a minimum of 2.07 percent in 1999 and a maximum of 4.81 percent in 2018.
The latest value from 2018 is 4.81 percent. For comparison, the world average in 2018 based on 72
countries is 1.17 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The expenditure for R&D on the charts includes both private and public spending on research and development.
Definition: Gross domestic expenditures on research and development (R&D), expressed as a percent of GDP. They include both capital and current expenditures in the four main sectors: Business enterprise, Government, Higher education and Private non-profit. R&D covers basic research, applied research, and experimental development.