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South Korea R&D Expenditure (% GDP)

South Korea's R&D expenditure (% GDP) rose to 5.21% in 2022, up from 4.91% in 2021, according to World Bank. This represents an increase of 0.3% from the previous year. South Korea has the 3rd highest R&D expenditure (% GDP). Other top countries are Israel, Liechtenstein, United States and Sweden.

Yearly Historical Data (1996-2022)

(in %)
Year R&D Expenditure (% GDP)
2022 5.21%
2021 4.91%
2020 4.8%
2019 4.63%
2018 4.52%
2017 4.29%
2016 3.99%
2015 3.98%
2014 4.08%
2013 3.95%
2012 3.85%
2011 3.59%
2010 3.32%
2009 3.15%
2008 2.99%
2007 2.87%
2006 2.72%
2005 2.52%
2004 2.44%
2003 2.28%
2002 2.21%
2001 2.28%
2000 2.13%
1999 2.02%
1998 2.11%
1997 2.25%
1996 2.22%
South Korea R&D Expenditure (% GDP) : Definition
R&D Expenditure (% GDP) measures the percentage of South Korea's total economic output spent on research and development.
Indicator Last Value Prior Value Period
GDP $1.71T $1.67T 2023
GDP Annual Growth Rate 1.36% 2.61% 2023
GDP Growth Rate (QoQ) 0.7% -0.2% Jun'25
GDP Growth Rate (YoY) 0.6% 0% Jun'25
GDP per Capita $34,121.02 $33,690.38 2023
GDP per Capita PPP $50,414.21 $49,777.93 2023
Real GDP $1.76T $1.74T 2023