NAAG Chapter 6: Government — Social benefits and social transfers in in Korea
Korea: NAAG Chapter 6: Government — Social benefits and social transfers in was 12.51 Percentage of GDP in 2024. ◆ Volatile
NAAG Chapter 6: Government — Social benefits and social transfers in in Korea, 1970–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for naag chapter 6: government — social benefits and social transfers in in Korea is 12.51 Percentage of GDP, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 0.5% on the previous year and up 53.8% over ten years.
Over the whole period, naag chapter 6: government — social benefits and social transfers in in Korea peaked at 12.51 Percentage of GDP in 2024 and was at its lowest, 0.3792 Percentage of GDP, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
NAAG Chapter 6: Government — Social benefits and social transfers in in Korea, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1970 | 0.3792 Percentage of GDP | — |
| 1971 | 0.4491 Percentage of GDP | +18.4% |
| 1972 | 0.6067 Percentage of GDP | +35.1% |
| 1973 | 0.5372 Percentage of GDP | -11.5% |
| 1974 | 0.539 Percentage of GDP | +0.3% |
| 1975 | 0.6135 Percentage of GDP | +13.8% |
| 1976 | 0.5701 Percentage of GDP | -7.1% |
| 1977 | 0.696 Percentage of GDP | +22.1% |
| 1978 | 0.7177 Percentage of GDP | +3.1% |
| 1979 | 0.9134 Percentage of GDP | +27.3% |
| 1980 | 1.46 Percentage of GDP | +59.6% |
| 1981 | 1.55 Percentage of GDP | +6.4% |
| 1982 | 1.97 Percentage of GDP | +27.2% |
| 1983 | 1.94 Percentage of GDP | -1.6% |
| 1984 | 1.9 Percentage of GDP | -2.0% |
| 1985 | 1.98 Percentage of GDP | +4.3% |
| 1986 | 1.85 Percentage of GDP | -6.7% |
| 1987 | 1.83 Percentage of GDP | -1.2% |
| 1988 | 2.01 Percentage of GDP | +9.7% |
| 1989 | 2.2 Percentage of GDP | +9.5% |
| 1990 | 2.45 Percentage of GDP | +11.7% |
| 1991 | 2.49 Percentage of GDP | +1.6% |
| 1992 | 2.66 Percentage of GDP | +6.5% |
| 1993 | 2.73 Percentage of GDP | +2.7% |
| 1994 | 2.69 Percentage of GDP | -1.5% |
| 1995 | 2.69 Percentage of GDP | +0.3% |
| 1996 | 2.82 Percentage of GDP | +4.6% |
| 1997 | 2.93 Percentage of GDP | +4.1% |
| 1998 | 3.9 Percentage of GDP | +32.8% |
| 1999 | 4.59 Percentage of GDP | +17.8% |
| 2000 | 3.56 Percentage of GDP | -22.4% |
| 2001 | 3.94 Percentage of GDP | +10.4% |
| 2002 | 3.81 Percentage of GDP | -3.3% |
| 2003 | 4.13 Percentage of GDP | +8.3% |
| 2004 | 4.31 Percentage of GDP | +4.6% |
| 2005 | 4.74 Percentage of GDP | +10.0% |
| 2006 | 5.21 Percentage of GDP | +9.9% |
| 2007 | 5.5 Percentage of GDP | +5.6% |
| 2008 | 5.9 Percentage of GDP | +7.2% |
| 2009 | 6.53 Percentage of GDP | +10.6% |
| 2010 | 6.64 Percentage of GDP | +1.8% |
| 2011 | 6.93 Percentage of GDP | +4.2% |
| 2012 | 7.37 Percentage of GDP | +6.5% |
| 2013 | 7.66 Percentage of GDP | +3.9% |
| 2014 | 8.13 Percentage of GDP | +6.1% |
| 2015 | 8.46 Percentage of GDP | +4.1% |
| 2016 | 8.81 Percentage of GDP | +4.0% |
| 2017 | 8.99 Percentage of GDP | +2.1% |
| 2018 | 9.57 Percentage of GDP | +6.4% |
| 2019 | 10.52 Percentage of GDP | +10.0% |
| 2020 | 11.43 Percentage of GDP | +8.7% |
| 2021 | 11.51 Percentage of GDP | +0.7% |
| 2022 | 12.17 Percentage of GDP | +5.7% |
| 2023 | 12.45 Percentage of GDP | +2.3% |
| 2024 | 12.51 Percentage of GDP | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.6022 Percentage of GDP | 0.3792 Percentage of GDP | 0.9134 Percentage of GDP | 10 |
| 1980s | 1.87 Percentage of GDP | 1.46 Percentage of GDP | 2.2 Percentage of GDP | 10 |
| 1990s | 3 Percentage of GDP | 2.45 Percentage of GDP | 4.59 Percentage of GDP | 10 |
| 2000s | 4.76 Percentage of GDP | 3.56 Percentage of GDP | 6.53 Percentage of GDP | 10 |
| 2010s | 8.31 Percentage of GDP | 6.64 Percentage of GDP | 10.52 Percentage of GDP | 10 |
| 2020s | 12.02 Percentage of GDP | 11.43 Percentage of GDP | 12.51 Percentage of GDP | 5 |
Countries ranked near Korea
- 1 Germany 26.05 Percentage of GDP compare
- 2 France 25.78 Percentage of GDP compare
- 3 Belgium 25.67 Percentage of GDP compare
- 3 Netherlands 21.34 Percentage of GDP compare
- 4 Austria 24.7 Percentage of GDP compare
- 4 Poland 19.66 Percentage of GDP compare
- 5 Slovenia 18.97 Percentage of GDP compare
- 5 Brazil 24.68 Percentage of GDP compare
More population data for Korea
- Africa's Development Dynamics (AfDD) Table 03 - Annual population -0.199 Percent per annum (2030)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 45,771 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates -0.1991 % change on previous year (2030)
- Annual Purchasing Power Parities and exchange rates — Purchasing 880.12 National currency per US dollar (2025)
- Population projections 37.18 million Persons (2070)
- Historical population data 51.68 million Persons (2025)
- Population by 5-year age groups - Regions 51.22 million Persons (2024)
- Population density - Regions 51.22 million Persons (2024)
- Population by broad age groups - Regions 51.22 million Persons (2024)
- Annual government non-financial accounts and key indicators (Revenue) 123.67 million National currency (2024)
Frequently asked questions
- What is naag chapter 6: government — social benefits and social transfers in in Korea?
- Naag chapter 6: government — social benefits and social transfers in in Korea was 12.51 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest naag chapter 6: government — social benefits and social transfers in recorded in Korea?
- The highest recorded value was 12.51 Percentage of GDP in 2024.
- What is the lowest naag chapter 6: government — social benefits and social transfers in recorded in Korea?
- The lowest recorded value was 0.3792 Percentage of GDP in 1970.
- How does Korea rank for naag chapter 6: government — social benefits and social transfers in?
- Korea ranks 2nd out of 2 groups with data for 2024.
- Is naag chapter 6: government — social benefits and social transfers in rising or falling in Korea?
- Over the last ten years it is up 53.8%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of NAAG Chapter 6: Government — Social benefits and social transfers in kind for products supplied to households via market producers, paid by general government. Statizoid updates them automatically from the source API.
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About this data
The National Accounts at a Glance (NAAG) is based on the original publication and has nine chapters: The first chapter focuses on indicators of Gross Domestic Product (GDP). The second is about income and related indicators and presents measures of net national income, savings and net lending/net borrowing. The third chapter looks at the expenditure approach to GDP, with information on the key components of demand and imports. The fourth chapter presents indicators from a production perspective. The fifth chapter looks at household sector indicators such as household disposable income, saving and net worth. The sixth chapter focuses on general government, presenting indicators such as general government revenue, expenditure and gross debt. The seventh chapter looks at financial and non-financial corporations. The eighth chapter presents indicators of capital stock and depreciation. Finally, chapter 9 provides reference indicators, important in their own right but also because they are used in the construction of many of the indicators presented elsewhere in NAAG.