Korea, Rep.'s other expense (% of expense) was 5.8% in 2023, the latest year in the World Bank's World Development Indicators. That is down 2.78 percentage points from 8.58% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.8% | 2023 |
| Five years earlier | 7.51% | 2018 |
| Ten years earlier | 8.58% | 2013 |
| Highest | 22.53% | 2004 |
| Lowest | 1.33% | 1990 |
| Average since 2014 | 6.93% | 2014–2023 |
| First recorded | 1.33% | 1990 |
What the numbers say
In 2023, Korea, Rep.'s other expense (% of expense) rose 0.11 percentage points on 2022 (from 5.69% to 5.8%).
Across the 30 yearly changes before that (1993 to 2022), the average change was +0.13 percentage points and a typical year strayed about 3.11 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 13.2 percentage points in 1998 and the biggest yearly fall was 5.78 percentage points in 2007. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is downward, about 0.32 percentage points a year. A straight line explains 89% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Korea, Rep. had the 47th highest value of the 77 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Korea, Rep. | 5.8% | 2023 |
| World | 7.7% | 2022 |
| East Asia & Pacific | 5.69% | 2022 |
| High income | 9.44% | 2023 |
Closest to Korea, Rep. in the 2023 ranking
- Canada — 43rd of 77: 6.18%
- Mexico — 44th of 77: 5.99%
- El Salvador — 45th of 77: 5.97%
- Bosnia and Herzegovina — 47th of 77: 5.73%
- Nicaragua — 48th of 77: 4.87%
- Spain — 49th of 77: 4.75%
What this measures
Other expense is spending on dividends, rent, and other miscellaneous expenses, including provision for consumption of fixed capital. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
Regional and income-group figures are computed by the World Bank as a median.
All 34 values
| Year | Other expense (% of expense) |
|---|---|
| 2023 | 5.8 |
| 2022 | 5.69 |
| 2021 | 5.78 |
| 2020 | 6.15 |
| 2019 | 6.6 |
| 2018 | 7.51 |
| 2017 | 8.08 |
| 2016 | 7.67 |
| 2015 | 7.75 |
| 2014 | 8.32 |
| 2013 |
Other expense (% of expense) in nearby economies
- Australia — 7.37% (2022)
- Cambodia — 6.63% (2023)
- Fiji — 6.3% (2023)
- Kiribati — 2.91% (2023)
- Lao PDR — 0.04% (2022)
- Macao SAR, China — 15.99% (2023)
- Malaysia — 0.28% (2023)
- Marshall Islands — 21.27% (2020)
- Micronesia, Fed. Sts. — 32.57% (2020)
- Mongolia — 1.11% (2017)
- New Zealand — 9.62% (2022)
More public sector data for Korea, Rep.
- Arms imports (SIPRI trend indicator values) — 222 million (2025)
- Military expenditure (current USD) — 47.77 billion (2025)
- Military expenditure (current LCU) — 67.92 trillion (2025)
- Military expenditure (% of GDP) — 2.6% (2025)
- Net incurrence of liabilities, total (current LCU) — 51.22 trillion (2024)
- Net incurrence of liabilities, total (% of GDP) — 2% (2024)
- Net investment in nonfinancial assets (current LCU) — 33.54 trillion (2024)
- Net investment in nonfinancial assets (% of GDP) — 1.31% (2024)
- Net lending (+) / net borrowing (-) (current LCU) — -45.65 trillion (2024)
Reading data like this
Questions people ask
- What is Korea, Rep.'s other expense (% of expense)?
- 5.8% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 4.47 percentage points from 1.33% in 1990. The highest value was 22.53% in 2004 and the lowest 1.33% in 1990.
- How does Korea, Rep. rank?
- 47th highest of 77 economies with data for 2023.
- Is the latest change in other expense (% of expense) unusual for Korea, Rep.?
- In 2023, Korea, Rep.'s other expense (% of expense) rose 0.11 percentage points on 2022 (from 5.69% to 5.8%). Across the 30 yearly changes before that (1993 to 2022), the average change was +0.13 percentage points and a typical year strayed about 3.11 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator GC.XPN.OTHR.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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