Agriculture (central government expenditure) — Value Standard Local in Republic of Korea
Republic of Korea: Agriculture (central government expenditure) — Value Standard Local was 8.71 million million SLC in 2023. ▲ Rising
Agriculture (central government expenditure) — Value Standard Local in Republic of Korea, 2001–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, agriculture (central government expenditure) — value standard local in Republic of Korea stood at 8.71 million million SLC.
That represents a change of up 6.2% on the previous year and up 6.0% over ten years.
Over the whole period, agriculture (central government expenditure) — value standard local in Republic of Korea peaked at 9.45 million million SLC in 2019 and was at its lowest, 4.81 million million SLC, in 2002.
That places Republic of Korea 2nd out of 84 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Agriculture (central government expenditure) — Value Standard Local in Republic of Korea, year by year
| Year | million SLC | Change |
|---|---|---|
| 2001 | 7.02 million million SLC | — |
| 2002 | 4.81 million million SLC | -31.5% |
| 2003 | 5.02 million million SLC | +4.5% |
| 2004 | 5.31 million million SLC | +5.6% |
| 2005 | 5.64 million million SLC | +6.3% |
| 2006 | 8.57 million million SLC | +52.0% |
| 2007 | 6.91 million million SLC | -19.4% |
| 2008 | 8.02 million million SLC | +16.0% |
| 2009 | 7.70 million million SLC | -3.9% |
| 2010 | 7.95 million million SLC | +3.2% |
| 2011 | 8.74 million million SLC | +10.0% |
| 2012 | 8.66 million million SLC | -0.9% |
| 2013 | 8.22 million million SLC | -5.1% |
| 2014 | 6.79 million million SLC | -17.3% |
| 2015 | 8.80 million million SLC | +29.6% |
| 2016 | 8.80 million million SLC | +0.0% |
| 2019 | 9.45 million million SLC | +7.3% |
| 2020 | 7.25 million million SLC | -23.2% |
| 2021 | 8.44 million million SLC | +16.4% |
| 2022 | 8.20 million million SLC | -2.9% |
| 2023 | 8.71 million million SLC | +6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.56 million million SLC | 4.81 million million SLC | 8.57 million million SLC | 9 |
| 2010s | 8.43 million million SLC | 6.79 million million SLC | 9.45 million million SLC | 8 |
| 2020s | 8.15 million million SLC | 7.25 million million SLC | 8.71 million million SLC | 4 |
Countries ranked near Republic of Korea
- 1 Côte d'Ivoire 133,348 million SLC compare
- 1 Indonesia 49.65 million million SLC compare
- 1 Viet Nam 4.95 million million SLC compare
- 2 Cabo Verde 1,139 million SLC compare
- 2 United Republic of Tanzania 728,675 million SLC compare
- 3 Colombia 3.79 million million SLC compare
- 3 Republic of Moldova 2,737 million SLC compare
- 4 Chile 895,482 million SLC compare
- 5 Paraguay 707,903 million SLC compare
More agriculture & rural data for Republic of Korea
- Cattle and Buffaloes — Stocks, annual growth rate -3.61 % change on previous year (2024)
- Raw milk of cattle — Yield/Carcass Weight, annual growth rate -8.58 % change on previous year (2024)
- Raw milk of cattle — Production, annual growth rate -8.47 % change on previous year (2024)
- Raw milk of cattle — Milk Animals, annual growth rate 0.115 % change on previous year (2024)
- Sheep — Stocks, annual growth rate -11.06 % change on previous year (2024)
- Sheep fat, unrendered — Production, annual growth rate -11.54 % change on previous year (2024)
- Sheep fat, unrendered — Producing Animals/Slaughtered, annual growth -11.32 % change on previous year (2024)
- Beef and Buffalo Meat, primary — Yield/Carcass Weight, annual growth 2.15 % change on previous year (2024)
- Beef and Buffalo Meat, primary — Production, annual growth rate 7.25 % change on previous year (2024)
- Beef and Buffalo Meat, primary — Producing Animals/Slaughtered 5.09 % change on previous year (2024)
Frequently asked questions
- What is agriculture (central government expenditure) — value standard local in Republic of Korea?
- Agriculture (central government expenditure) — value standard local in Republic of Korea was 8.71 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest agriculture (central government expenditure) — value standard local recorded in Republic of Korea?
- The highest recorded value was 9.45 million million SLC in 2019.
- What is the lowest agriculture (central government expenditure) — value standard local recorded in Republic of Korea?
- The lowest recorded value was 4.81 million million SLC in 2002.
- How does Republic of Korea rank for agriculture (central government expenditure) — value standard local?
- Republic of Korea ranks 2nd out of 84 countries with data for 2023.
- Is agriculture (central government expenditure) — value standard local rising or falling in Republic of Korea?
- Over the last ten years it is up 6.0%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Agriculture (central government expenditure) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.