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# South Korea R&D Expenditure

> South Korea r&d expenditure is 4.9% as of Dec 2023, from 4.8%. History from 1996, source World Bank. Free API & MCP access.

R&D Expenditure in South Korea rose to 4.9% in Dec 2023 from 4.8% in Dec 2022.

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.

## Stats

| Actual | Previous | Highest | Lowest | Span | Unit | Frequency |
| --- | --- | --- | --- | --- | --- | --- |
| 4.9% | 4.8% | 4.9% (Dec 2023) | 1.9% (Dec 1999) | 1996–2023 | % of GDP | annual |

## FAQ

**What is South Korea's r&d expenditure right now?**

R&D Expenditure in South Korea is 4.9% as of Dec 2023.

**What are the historical extremes for South Korea's r&d expenditure?**

The all-time high is 4.9% (Dec 2023); the record low is 1.9% (Dec 1999), over a series starting in 1996.

**How often is this series updated?**

R&D Expenditure for South Korea is a annual series; values refresh when new data is published or revised.

**Where does this data come from?**

See our methodology page for how we source and verify every series.

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Full history via API: `GET https://api.economicsapi.com/v1/history?country=south-korea&indicator=rd-expenditure-pct-gdp`.
Back to [Korea, Republic of economy](/south-korea.md).