Agriculture (central government expenditure) — Value US$, 2015 prices in Republic of Korea
Republic of Korea: Agriculture (central government expenditure) — Value US$, 2015 prices was 6,805 million USD in 2023. ▬ Flat
Agriculture (central government expenditure) — Value US$, 2015 prices in Republic of Korea, 2001–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for agriculture (central government expenditure) — value us$, 2015 prices in Republic of Korea is 6,805 million USD, measured in 2023.
Compared with earlier readings it is up 4.2% on the previous year and down 10.2% over ten years.
Over the whole period, agriculture (central government expenditure) — value us$, 2015 prices in Republic of Korea peaked at 9,197 million USD in 2006 and was at its lowest, 5,570 million USD, in 2002.
That places Republic of Korea 1st out of 84 countries with data for 2023, putting it in the top 10%.
Agriculture (central government expenditure) — Value US$, 2015 prices in Republic of Korea, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 8,382 million USD | — |
| 2002 | 5,570 million USD | -33.5% |
| 2003 | 5,619 million USD | +0.9% |
| 2004 | 5,748 million USD | +2.3% |
| 2005 | 6,040 million USD | +5.1% |
| 2006 | 9,197 million USD | +52.3% |
| 2007 | 7,231 million USD | -21.4% |
| 2008 | 8,152 million USD | +12.7% |
| 2009 | 7,568 million USD | -7.2% |
| 2010 | 7,602 million USD | +0.4% |
| 2011 | 8,256 million USD | +8.6% |
| 2012 | 8,075 million USD | -2.2% |
| 2013 | 7,581 million USD | -6.1% |
| 2014 | 6,201 million USD | -18.2% |
| 2015 | 7,785 million USD | +25.5% |
| 2016 | 7,628 million USD | -2.0% |
| 2019 | 8,030 million USD | +5.3% |
| 2020 | 6,067 million USD | -24.4% |
| 2021 | 6,846 million USD | +12.8% |
| 2022 | 6,529 million USD | -4.6% |
| 2023 | 6,805 million USD | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7,057 million USD | 5,570 million USD | 9,197 million USD | 9 |
| 2010s | 7,645 million USD | 6,201 million USD | 8,256 million USD | 8 |
| 2020s | 6,562 million USD | 6,067 million USD | 6,846 million USD | 4 |
Countries ranked near Republic of Korea
- 1 Côte d'Ivoire 195.88 million USD compare
- 1 United Republic of Tanzania 277.57 million USD compare
- 2 Cabo Verde 9.56 million USD compare
- 2 Poland 4,443 million USD compare
- 2 Viet Nam 186.38 million USD compare
- 3 Brazil 4,293 million USD compare
- 3 Republic of Moldova 78.84 million USD compare
- 4 Russian Federation 3,896 million USD compare
More agriculture & rural data for Republic of Korea
- Fruit Primary — Area harvested, annual growth rate 1.72 % change on previous year (2024)
- Eggs Primary — Laying, annual growth rate 2.23 % change on previous year (2024)
- Eggs Primary — Production, annual growth rate 2.47 % change on previous year (2024)
- Eggs Primary — Yield/Carcass Weight, annual growth rate 0.2266 % change on previous year (2024)
- Citrus Fruit, Total — Production, annual growth rate 5.33 % change on previous year (2024)
- Citrus Fruit, Total — Yield, annual growth rate 3.71 % change on previous year (2024)
- Citrus Fruit, Total — Area harvested, annual growth rate 1.56 % change on previous year (2024)
- Cereals, primary — Production, annual growth rate -2.92 % change on previous year (2024)
- Cereals, primary — Yield, annual growth rate -1.02 % change on previous year (2024)
- Cereals, primary — Area harvested, annual growth rate -1.92 % change on previous year (2024)
Frequently asked questions
- What is agriculture (central government expenditure) — value us$, 2015 prices in Republic of Korea?
- Agriculture (central government expenditure) — value us$, 2015 prices in Republic of Korea was 6,805 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest agriculture (central government expenditure) — value us$, 2015 prices recorded in Republic of Korea?
- The highest recorded value was 9,197 million USD in 2006.
- What is the lowest agriculture (central government expenditure) — value us$, 2015 prices recorded in Republic of Korea?
- The lowest recorded value was 5,570 million USD in 2002.
- How does Republic of Korea rank for agriculture (central government expenditure) — value us$, 2015 prices?
- Republic of Korea ranks 1st out of 84 countries with data for 2023.
- Is agriculture (central government expenditure) — value us$, 2015 prices rising or falling in Republic of Korea?
- Over the last ten years it is down 10.2%. The long-run trend across the full record is flat.
- 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
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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.