Agriculture (central government expenditure) — Value US$ in Republic of Korea
Republic of Korea: Agriculture (central government expenditure) — Value US$ was 6,670 million USD in 2023. ▲ Rising
Agriculture (central government expenditure) — Value US$ in Republic of Korea, 2001–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, agriculture (central government expenditure) — value us$ in Republic of Korea stood at 6,670 million USD.
That represents a change of up 5.1% on the previous year and down 11.1% over ten years.
Over the whole period, agriculture (central government expenditure) — value us$ in Republic of Korea peaked at 8,973 million USD in 2006 and was at its lowest, 3,841 million USD, in 2002.
Republic of Korea ranks 1st of 84 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Agriculture (central government expenditure) — Value US$ in Republic of Korea, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 5,441 million USD | — |
| 2002 | 3,841 million USD | -29.4% |
| 2003 | 4,215 million USD | +9.7% |
| 2004 | 4,629 million USD | +9.8% |
| 2005 | 5,505 million USD | +18.9% |
| 2006 | 8,973 million USD | +63.0% |
| 2007 | 7,434 million USD | -17.1% |
| 2008 | 7,287 million USD | -2.0% |
| 2009 | 6,032 million USD | -17.2% |
| 2010 | 6,874 million USD | +14.0% |
| 2011 | 7,889 million USD | +14.8% |
| 2012 | 7,687 million USD | -2.6% |
| 2013 | 7,506 million USD | -2.4% |
| 2014 | 6,453 million USD | -14.0% |
| 2015 | 7,785 million USD | +20.6% |
| 2016 | 7,585 million USD | -2.6% |
| 2019 | 8,109 million USD | +6.9% |
| 2020 | 6,146 million USD | -24.2% |
| 2021 | 7,382 million USD | +20.1% |
| 2022 | 6,349 million USD | -14.0% |
| 2023 | 6,670 million USD | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5,929 million USD | 3,841 million USD | 8,973 million USD | 9 |
| 2010s | 7,486 million USD | 6,453 million USD | 8,109 million USD | 8 |
| 2020s | 6,637 million USD | 6,146 million USD | 7,382 million USD | 4 |
Countries ranked near Republic of Korea
- 1 Côte d'Ivoire 219.92 million USD compare
- 1 United Republic of Tanzania 280.22 million USD compare
- 2 Cabo Verde 11.19 million USD compare
- 2 Poland 5,635 million USD compare
- 2 Viet Nam 212.88 million USD compare
- 3 Republic of Moldova 154.82 million USD compare
- 3 Russian Federation 4,762 million USD compare
- 4 Brazil 4,614 million USD compare
More agriculture & rural data for Republic of Korea
- Milk, Total — Milk Animals, annual growth rate 0.3806 % change on previous year (2024)
- Oilcrops, Cake Equivalent — Area harvested, annual growth rate 2.53 % change on previous year (2024)
- Oilcrops, Cake Equivalent — Yield, annual growth rate 4.36 % change on previous year (2024)
- Oilcrops, Cake Equivalent — Production, annual growth rate 7 % change on previous year (2024)
- Oilcrops, Oil Equivalent — Area harvested, annual growth rate 2.53 % change on previous year (2024)
- Oilcrops, Oil Equivalent — Yield, annual growth rate 2.56 % change on previous year (2024)
- Oilcrops, Oil Equivalent — Production, annual growth rate 5.16 % change on previous year (2024)
- Poultry Birds — Stocks, annual growth rate -1.61 % change on previous year (2024)
- Pulses, Total — Area harvested, annual growth rate -10.59 % change on previous year (2024)
- Pulses, Total — Yield, annual growth rate 0.8905 % change on previous year (2024)
Frequently asked questions
- What is agriculture (central government expenditure) — value us$ in Republic of Korea?
- Agriculture (central government expenditure) — value us$ in Republic of Korea was 6,670 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest agriculture (central government expenditure) — value us$ recorded in Republic of Korea?
- The highest recorded value was 8,973 million USD in 2006.
- What is the lowest agriculture (central government expenditure) — value us$ recorded in Republic of Korea?
- The lowest recorded value was 3,841 million USD in 2002.
- How does Republic of Korea rank for agriculture (central government expenditure) — value us$?
- Republic of Korea ranks 1st out of 84 countries with data for 2023.
- Is agriculture (central government expenditure) — value us$ rising or falling in Republic of Korea?
- Over the last ten years it is down 11.1%. 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 US$. 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.