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South Korea Subsidies and other transfers (% of expense) 2026: Interactive Chart & Historical Data

Subsidies and other transfers (% of expense) in South Korea stood at 68.5% in 2023, according to World Bank. The latest value is down 3.54 percentage points from 72.04% in 2022. Ten years earlier, in 2013, the value was 62.48% (up 6.02 percentage points since). The highest value since 1987 was 72.04% in 2022, the lowest 2.46% in 1987. South Korea ranked 9th highest of the 109 countries in this dataset in 2022; Czech Republic ranked first.

Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1972–2024

Key facts

What is the latest Subsidies and other transfers (% of expense) in South Korea?

Subsidies and other transfers (% of expense) in South Korea stood at 68.5% in 2023, according to World Bank.

Is Subsidies and other transfers (% of expense) in South Korea rising or falling?

The latest value is down 3.54 percentage points from 72.04% in 2022. Ten years earlier, in 2013, the value was 62.48% (up 6.02 percentage points since).

How does South Korea rank for Subsidies and other transfers (% of expense)?

South Korea ranked 9th highest of the 109 countries in this dataset in 2022; Czech Republic ranked first.

What is the highest Subsidies and other transfers (% of expense) on record in South Korea?

The highest value since 1987 was 72.04% in 2022, the lowest 2.46% in 1987.

Metadata for Subsidies and other transfers (% of expense) in South Korea
IndicatorSubsidies and other transfers (% of expense)
CountrySouth Korea
CategoryMacroeconomics
Unit%
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Latest value: 68.5% (2023)

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Source:World Bank — series GC.XPN.TRFT.ZS
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Subsidies and other transfers (% of expense) — South Korea [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-gc-xpn-trft-zs/KOR. Original source: https://data.worldbank.org/indicator/GC.XPN.TRFT.ZS?locations=KR

MLA

World Bank. "Subsidies and other transfers (% of expense) — South Korea." EconDash, 2026, https://econdash.org/chart/wdi-gc-xpn-trft-zs/KOR. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.XPN.TRFT.ZS?locations=KR.

Chicago

World Bank. 2026. "Subsidies and other transfers (% of expense) — South Korea." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-gc-xpn-trft-zs/KOR. Original source: https://data.worldbank.org/indicator/GC.XPN.TRFT.ZS?locations=KR.

BibTeX
@misc{econdash_wdi_gc_xpn_trft_zs_kor,
  author = {{World Bank}},
  title = {{Subsidies and other transfers (\% of expense) --- South Korea}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/wdi-gc-xpn-trft-zs/KOR},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.XPN.TRFT.ZS?locations=KR}
}