South Korea R&D Expenditure
4.9%▲ +0.1 pt
Dec 2023 · Annual
Korea's research and development expenditure rose to 4.94% of GDP in 2023, up from 4.85% in 2022. This is the highest level on record, surpassing the previous all-time high set in 2023. The series dates back to 1996, with the lowest reading of 1.94% in 1999.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 4.9% | 4.8% | 4.9%Dec 2023 | 1.9%Dec 1999 | 1996 – 2023 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| ICT Goods Exports | 28.3% | 22.8% | 34.4% | 16.4% | Dec 2024 | Annual |
| High-Tech Exports | 36.3% | 30.3% | 36.4% | 28.2% | Dec 2024 | Annual |
About this series
R&D Expenditure in South Korea averaged 3.2% from 1996 until 2023, reaching an all-time high of 4.9% in Dec 2023 and a record low of 1.9% in Dec 1999. The series is reported yearly with history from 1996.
Research and development expenditure as a share of GDP measures the total gross domestic expenditure on R&D relative to the country's economic output. The data is reported annually, expressed as a percentage of GDP. The series spans from 1996 to 2023.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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