Statizoid

Other expense in South Korea

South Korea: Other expense was 5.8% in 2023. ◆ Volatile

Latest (2023)
5.8%
Change on year
up 1.9%
World rank
83rd
of 147 countries
All-time high
22.5%
in 2004
All-time low
1.3%
in 1990
Years of data
34
1990–2023

Other expense in South Korea, 1990–2023

05101520251990200620231990: 1.3 % of expense1991: 1.7 % of expense1992: 1.8 % of expense1993: 2.1 % of expense1994: 2.5 % of expense1995: 3.1 % of expense1996: 4 % of expense1997: 3 % of expense1998: 16.2 % of expense1999: 15.8 % of expense2000: 15.1 % of expense2001: 15.2 % of expense2002: 15.4 % of expense2003: 20.5 % of expense2004: 22.5 % of expense2005: 21.1 % of expense2006: 19.9 % of expense2007: 14.1 % of expense2008: 15.4 % of expense2009: 17.2 % of expense2010: 14.8 % of expense2011: 14.6 % of expense2012: 13.4 % of expense2013: 8.6 % of expense2014: 8.3 % of expense2015: 7.7 % of expense2016: 7.7 % of expense2017: 8.1 % of expense2018: 7.5 % of expense2019: 6.6 % of expense2020: 6.2 % of expense2021: 5.8 % of expense2022: 5.7 % of expense2023: 5.8 % of expense

Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.

Analysis

In 2023, other expense in South Korea stood at 5.8%.

That represents a change of up 1.9% on the previous year and down 32.4% over ten years.

Over the whole period, other expense in South Korea peaked at 22.5% in 2004 and was at its lowest, 1.3%, in 1990.

South Korea ranks 83rd of 147 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 5.2% 1.3% 16.2% 10
2000s 17.6% 14.1% 22.5% 10
2010s 9.7% 6.6% 14.8% 10
2020s 5.9% 5.7% 6.2% 4

Countries ranked near South Korea

  1. 80 Slovakia 6.0% compare
  2. 81 Mexico 6.0% compare
  3. 82 El Salvador 6.0% compare
  4. 84 Bosnia and Herzegovina 5.7% compare
  5. 85 Ecuador 5.5% compare
  6. 86 Tajikistan 5.1% compare

See the full ranking of 188 places →

More public sector data for South Korea

All data for South Korea →

Frequently asked questions

What is other expense in South Korea?
Other expense in South Korea was 5.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
What is the highest other expense recorded in South Korea?
The highest recorded value was 22.5% in 2004.
What is the lowest other expense recorded in South Korea?
The lowest recorded value was 1.3% in 1990.
How does South Korea rank for other expense?
South Korea ranks 83rd out of 147 countries with data for 2023.
Is other expense rising or falling in South Korea?
Over the last ten years it is down 32.4%. The long-run trend across the full record is volatile.
Where does this South Korea data come from?
The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Other expense (% of expense). Statizoid updates them automatically from the source API.

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About this data

Indicator
Other expense (% of expense)
Unit
% of expense
Source
Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
188 places, 3,953 data points, 1990–2024
Last refreshed

Other expense is spending on dividends, rent, and other miscellaneous expenses, including provision for consumption of fixed capital. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.