* indicates monthly or quarterly data series
To explore further:
Articles on the world economy:
South Korea: Research and development expenditure, percent of GDP: For that indicator, The United Nations provides data for South Korea from 1996 to 2015. The average value for South Korea during that period was 2.96 percent with a minumum of 2.06 percent in 1999 and a maximum of 4.28 percent in 2014. 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: Gloss 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.