R&D Expenditures (As % of GDP) rose to 4.23% in South Korea in 2016

R&D Expenditures (As % of GDP) (%)
Telcos & Hi-Tech | South Korea | May 17, 2019
$2.99
Excel Sheet

R&D expenditures as a percentage of GDP reached 4.23 % in 2016 in South Korea, according to World Bank. This is 0.247 % more than in the previous year.

Historically, R&D expenditures as a percentage of GDP in South Korea reached an all time high of 4.29 % in 2014 and an all time low of 2.07 % in 1999. When compared to South Korea's main peers, R&D expenditures as a percentage of GDP in China amounted to 2.11 % and 3.14 % in Japan in 2016.

South Korea has been ranked 2nd within the group of 80 countries we follow in terms of R&D expenditures as a percentage of GDP, 4 places above the position seen 10 years ago.

Expenditures for research and development are current and capital expenditures (both public and private) on creative work undertaken systematically to increase knowledge, including knowledge of humanity, culture, and society, and the use of knowledge for new applications.

R&D Expenditures (As % of GDP) Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016
Cambodia % ... ... ... ... ... ... ... ...
China % 1.71% 1.78% 1.91% 1.99% 2.02%
Dem. People's Republic of Korea % ... ... ... ... ... ... ... ... ...
India % 0.822% 0.831% ... ... ... ...
Japan % 3.14% 3.24% 3.21% 3.31% 3.40%
Laos % ... ... ... ... ... ... ... ... ...
Russia % 1.13% 1.01% 1.03% 1.03% 1.07%
South Korea % 3.47% 3.74% 4.03% 4.15% 4.29%
Thailand % ... 0.361% ... 0.442% 0.480%
USA % 2.74% 2.77% 2.69% 2.72% 2.73%
Vietnam % ... ... ... 0.190% ... 0.374% ... ...