Adjusted savings: education expenditure in South Korea
South Korea: Adjusted savings: education expenditure was 70.32 billion current US$ in 2021. ◆ Volatile
Adjusted savings: education expenditure in South Korea, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for adjusted savings: education expenditure in South Korea is 70.32 billion current US$, measured in 2021. That is the highest value across all 52 years on record.
Compared with earlier readings it is up 10.4% on the previous year and up 34.2% over ten years.
Over the whole period, adjusted savings: education expenditure in South Korea peaked at 70.32 billion current US$ in 2021 and was at its lowest, 238.38 million current US$, in 1970.
South Korea ranks 13th of 195 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 653.74 million current US$ | 238.38 million current US$ | 1.74 billion current US$ | 10 |
| 1980s | 3.77 billion current US$ | 1.87 billion current US$ | 6.89 billion current US$ | 10 |
| 1990s | 13.73 billion current US$ | 8.21 billion current US$ | 20.44 billion current US$ | 10 |
| 2000s | 29.69 billion current US$ | 16.14 billion current US$ | 43.28 billion current US$ | 10 |
| 2010s | 60.29 billion current US$ | 46.32 billion current US$ | 68.55 billion current US$ | 10 |
| 2020s | 67.01 billion current US$ | 63.70 billion current US$ | 70.32 billion current US$ | 2 |
Countries ranked near South Korea
More economy & growth data for South Korea
- DEC alternative conversion factor 1,422 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -6.93 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.87 billion current US$ (2025)
- Taxes less subsidies on products 185.85 trillion current LCU (2025)
- Taxes less subsidies on products 130.66 billion current US$ (2025)
- Net primary income (Net income from abroad) 45.76 trillion current LCU (2025)
- Net primary income (Net income from abroad) 32.17 billion current US$ (2025)
- GNI per capita 52.42 million current LCU (2025)
- GNI per capita, Atlas method 37,880 current US$ (2025)
- GNI 2,709.10 trillion current LCU (2025)
Frequently asked questions
- What is adjusted savings: education expenditure in South Korea?
- Adjusted savings: education expenditure in South Korea was 70.32 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in South Korea?
- The highest recorded value was 70.32 billion current US$ in 2021.
- What is the lowest adjusted savings: education expenditure recorded in South Korea?
- The lowest recorded value was 238.38 million current US$ in 1970.
- How does South Korea rank for adjusted savings: education expenditure?
- South Korea ranks 13th out of 195 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in South Korea?
- Over the last ten years it is up 34.2%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: education expenditure (current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.