Total Expenditure in Agricultural R&D (Standard Local Currency, 2015) in Republic of Korea
Republic of Korea: Total Expenditure in Agricultural R&D (Standard Local Currency, 2015) was 1.22 million million SLC in 2023. ▲ Rising
Total Expenditure in Agricultural R&D (Standard Local Currency, 2015) in Republic of Korea, 2004–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Republic of Korea recorded 1.22 million million SLC for total expenditure in agricultural r&d (standard local currency, 2015) in 2023. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 35.1% over ten years.
Over the whole period, total expenditure in agricultural r&d (standard local currency, 2015) in Republic of Korea peaked at 1.22 million million SLC in 2023 and was at its lowest, 519,022 million SLC, in 2005.
Republic of Korea ranks 4th of 97 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Total Expenditure in Agricultural R&D (Standard Local Currency, 2015) in Republic of Korea, year by year
| Year | million SLC | Change |
|---|---|---|
| 2004 | 527,819 million SLC | — |
| 2005 | 519,022 million SLC | -1.7% |
| 2006 | 578,182 million SLC | +11.4% |
| 2007 | 665,089 million SLC | +15.0% |
| 2008 | 769,451 million SLC | +15.7% |
| 2009 | 825,006 million SLC | +7.2% |
| 2010 | 875,975 million SLC | +6.2% |
| 2011 | 888,890 million SLC | +1.5% |
| 2012 | 872,525 million SLC | -1.8% |
| 2013 | 900,342 million SLC | +3.2% |
| 2014 | 1.03 million million SLC | +13.9% |
| 2015 | 1.00 million million SLC | -2.1% |
| 2016 | 998,399 million SLC | -0.5% |
| 2017 | 1.04 million million SLC | +4.1% |
| 2018 | 1.06 million million SLC | +2.4% |
| 2019 | 1.03 million million SLC | -2.8% |
| 2020 | 1.11 million million SLC | +6.8% |
| 2021 | 1.20 million million SLC | +8.9% |
| 2022 | 1.20 million million SLC | -0.7% |
| 2023 | 1.22 million million SLC | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 647,428 million SLC | 519,022 million SLC | 825,006 million SLC | 6 |
| 2010s | 970,359 million SLC | 872,525 million SLC | 1.06 million million SLC | 10 |
| 2020s | 1.18 million million SLC | 1.11 million million SLC | 1.22 million million SLC | 4 |
Countries ranked near Republic of Korea
More agriculture & rural data for Republic of Korea
- Onions and shallots, dry (excluding dehydrated) — Yield, annual -6.96 % change on previous year (2024)
- Onions and shallots, dry (excluding dehydrated) — Production, annual 0.2072 % change on previous year (2024)
- Other fruits, n.e.c. — Area harvested, annual growth rate 3.46 % change on previous year (2024)
- Other fruits, n.e.c. — Yield, annual growth rate 15.14 % change on previous year (2024)
- Other fruits, n.e.c. — Production, annual growth rate 19.13 % change on previous year (2024)
- Other vegetables, fresh n.e.c. — Area harvested, annual growth rate -0.7059 % change on previous year (2024)
- Other vegetables, fresh n.e.c. — Yield, annual growth rate 0.4753 % change on previous year (2024)
- Other vegetables, fresh n.e.c. — Production, annual growth rate -0.2335 % change on previous year (2024)
- Potatoes — Area harvested, annual growth rate 2.31 % change on previous year (2024)
- Potatoes — Yield, annual growth rate 0.9992 % change on previous year (2024)
Frequently asked questions
- What is total expenditure in agricultural r&d (standard local currency, 2015) in Republic of Korea?
- Total expenditure in agricultural r&d (standard local currency, 2015) in Republic of Korea was 1.22 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure in agricultural r&d (standard local currency, 2015) recorded in Republic of Korea?
- The highest recorded value was 1.22 million million SLC in 2023.
- What is the lowest total expenditure in agricultural r&d (standard local currency, 2015) recorded in Republic of Korea?
- The lowest recorded value was 519,022 million SLC in 2005.
- How does Republic of Korea rank for total expenditure in agricultural r&d (standard local currency, 2015)?
- Republic of Korea ranks 4th out of 97 countries with data for 2023.
- Is total expenditure in agricultural r&d (standard local currency, 2015) rising or falling in Republic of Korea?
- Over the last ten years it is up 35.1%. 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 Total Expenditure in Agricultural R&D (Standard Local Currency, 2015 prices) — Government, Higher Education and Private Non-profit. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The dataset contains a set of financial indicators describing national expenditures on agricultural research and development (R&D). The indicators are derived primarily from responses to the financial resources section of the ASTI questionnaire, complemented with selected external macroeconomic indicators required to ensure comparability across countries and over time.The dataset includes both directly reported financial aggregates and derived indicators, reflecting different dimensions of agricultural R&D investment. Reported expenditure data are collected in current local currency units (LCU) and refer to total institutional expenditures, as provided by national respondents. Coverage of the private for-profit sector remains limited and is therefore excluded from the dataset. To support temporal analysis and international comparability, expenditure indicators are also expressed in constant local currency units, using country-specific GDP deflators sourced from FAOSTAT. In addition, selected indicators relate agricultural R&D expenditures to key structural variables, such as agricultural value added, allowing for meaningful cross-country comparisons of research intensity and resource allocation.