Korea - Subsidies and other transfers
Subsidies and other transfers (current LCU)
The value for Subsidies and other transfers (current LCU) in Korea was 365,854,000,000,000 as of 2019. As the graph below shows, over the past 32 years this indicator reached a maximum value of 365,854,000,000,000 in 2019 and a minimum value of 379,000,000,000 in 1987.
Definition: Subsidies, grants, and other social benefits include all unrequited, nonrepayable transfers on current account to private and public enterprises; grants to foreign governments, international organizations, and other government units; and social security, social assistance benefits, and employer social benefits in cash and in kind.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1987 | 379,000,000,000 |
| 1988 | 744,000,000,000 |
| 1989 | 1,227,000,000,000 |
| 1990 | 14,956,000,000,000 |
| 1991 | 18,222,000,000,000 |
| 1992 | 21,367,000,000,000 |
| 1993 | 24,456,000,000,000 |
| 1994 | 29,820,000,000,000 |
| 1995 | 35,848,000,000,000 |
| 1996 | 41,128,000,000,000 |
| 1997 | 45,200,000,000,000 |
| 1998 | 43,654,700,000,000 |
| 1999 | 48,234,100,000,000 |
| 2000 | 53,575,300,000,000 |
| 2001 | 64,459,400,000,000 |
| 2002 | 67,004,600,000,000 |
| 2003 | 78,752,700,000,000 |
| 2004 | 78,246,800,000,000 |
| 2005 | 88,333,000,000,000 |
| 2006 | 98,284,800,000,000 |
| 2007 | 120,684,000,000,000 |
| 2008 | 127,210,000,000,000 |
| 2009 | 132,471,000,000,000 |
| 2010 | 135,400,000,000,000 |
| 2011 | 147,578,000,000,000 |
| 2012 | 209,495,000,000,000 |
| 2013 | 225,367,000,000,000 |
| 2014 | 230,070,000,000,000 |
| 2015 | 240,872,000,000,000 |
| 2016 | 254,560,000,000,000 |
| 2017 | 278,481,000,000,000 |
| 2018 | 315,033,000,000,000 |
| 2019 | 365,854,000,000,000 |
Subsidies and other transfers (% of expense)
Subsidies and other transfers (% of expense) in Korea was 69.10 as of 2019. Its highest value over the past 32 years was 69.10 in 2019, while its lowest value was 2.46 in 1987.
Definition: Subsidies, grants, and other social benefits include all unrequited, nonrepayable transfers on current account to private and public enterprises; grants to foreign governments, international organizations, and other government units; and social security, social assistance benefits, and employer social benefits in cash and in kind.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1987 | 2.46 |
| 1988 | 4.17 |
| 1989 | 5.65 |
| 1990 | 56.24 |
| 1991 | 57.02 |
| 1992 | 57.37 |
| 1993 | 59.15 |
| 1994 | 60.70 |
| 1995 | 62.86 |
| 1996 | 63.24 |
| 1997 | 63.90 |
| 1998 | 53.20 |
| 1999 | 54.93 |
| 2000 | 53.42 |
| 2001 | 55.83 |
| 2002 | 55.30 |
| 2003 | 54.36 |
| 2004 | 50.17 |
| 2005 | 51.77 |
| 2006 | 52.68 |
| 2007 | 61.46 |
| 2008 | 60.17 |
| 2009 | 56.94 |
| 2010 | 58.08 |
| 2011 | 58.59 |
| 2012 | 59.05 |
| 2013 | 62.48 |
| 2014 | 62.32 |
| 2015 | 61.85 |
| 2016 | 62.22 |
| 2017 | 63.31 |
| 2018 | 66.60 |
| 2019 | 69.10 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
