Total Expenditure in Agricultural R&D (US$ PPP, 2015 prices) in Republic of Korea
Republic of Korea: Total Expenditure in Agricultural R&D (US$ PPP, 2015 prices) was 1,419 million USD in 2023. ▲ Rising
Total Expenditure in Agricultural R&D (US$ PPP, 2015 prices) in Republic of Korea, 2004–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for total expenditure in agricultural r&d (us$ ppp, 2015 prices) in Republic of Korea is 1,419 million USD, measured 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 (us$ ppp, 2015 prices) in Republic of Korea peaked at 1,419 million USD in 2023 and was at its lowest, 605.28 million USD, in 2005.
That places Republic of Korea 6th out of 101 countries with data for 2023, putting it 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 (US$ PPP, 2015 prices) in Republic of Korea, year by year
| Year | million USD | Change |
|---|---|---|
| 2004 | 615.54 million USD | — |
| 2005 | 605.28 million USD | -1.7% |
| 2006 | 674.28 million USD | +11.4% |
| 2007 | 775.63 million USD | +15.0% |
| 2008 | 897.34 million USD | +15.7% |
| 2009 | 962.12 million USD | +7.2% |
| 2010 | 1,022 million USD | +6.2% |
| 2011 | 1,037 million USD | +1.5% |
| 2012 | 1,018 million USD | -1.8% |
| 2013 | 1,050 million USD | +3.2% |
| 2014 | 1,196 million USD | +13.9% |
| 2015 | 1,171 million USD | -2.1% |
| 2016 | 1,164 million USD | -0.5% |
| 2017 | 1,212 million USD | +4.1% |
| 2018 | 1,241 million USD | +2.4% |
| 2019 | 1,207 million USD | -2.8% |
| 2020 | 1,289 million USD | +6.8% |
| 2021 | 1,404 million USD | +8.9% |
| 2022 | 1,395 million USD | -0.7% |
| 2023 | 1,419 million USD | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 755.03 million USD | 605.28 million USD | 962.12 million USD | 6 |
| 2010s | 1,132 million USD | 1,018 million USD | 1,241 million USD | 10 |
| 2020s | 1,377 million USD | 1,289 million USD | 1,419 million USD | 4 |
Countries ranked near Republic of Korea
- 3 United States of America 5,131 million USD compare
- 4 India 4,518 million USD compare
- 5 Brazil 2,091 million USD compare
- 7 Australia and New Zealand 1,261 million USD compare
- 8 Thailand 1,137 million USD compare
- 9 Russian Federation 791.19 million USD compare
- 9 Russian Federation 791.19 million USD compare
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 (us$ ppp, 2015 prices) in Republic of Korea?
- Total expenditure in agricultural r&d (us$ ppp, 2015 prices) in Republic of Korea was 1,419 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure in agricultural r&d (us$ ppp, 2015 prices) recorded in Republic of Korea?
- The highest recorded value was 1,419 million USD in 2023.
- What is the lowest total expenditure in agricultural r&d (us$ ppp, 2015 prices) recorded in Republic of Korea?
- The lowest recorded value was 605.28 million USD in 2005.
- How does Republic of Korea rank for total expenditure in agricultural r&d (us$ ppp, 2015 prices)?
- Republic of Korea ranks 6th out of 101 countries with data for 2023.
- Is total expenditure in agricultural r&d (us$ ppp, 2015 prices) 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 (US$ PPP, 2015 prices) — Government, Higher Education and Private Non-profit. Statizoid updates them automatically from the source API.
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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.