Current education expenditure, tertiary in Republic of Korea

Republic of Korea: Current education expenditure, tertiary was 87.3% in 2022. ▲ Rising

Latest (2022)
87.3%
Change on year
up 1.1%
World rank
80th
of 112 countries
All-time high
87.8%
in 2016
All-time low
66.0%
in 1998
Years of data
10
1998–2022

Current education expenditure, tertiary in Republic of Korea, 1998–2022

0204060801998201020221998: 66 % of total expenditure in tertiary public institutions1999: 68.5 % of total expenditure in tertiary public institutions2015: 87.1 % of total expenditure in tertiary public institutions2016: 87.8 % of total expenditure in tertiary public institutions2017: 86.9 % of total expenditure in tertiary public institutions2018: 86.9 % of total expenditure in tertiary public institutions2019: 86.4 % of total expenditure in tertiary public institutions2020: 84.4 % of total expenditure in tertiary public institutions2021: 86.4 % of total expenditure in tertiary public institutions2022: 87.3 % of total expenditure in tertiary public institutions

Source: Data API, UN Educational, Scientific and Cultural Organization (UNESCO). Measured in % of total expenditure in tertiary public institutions.

Analysis

Republic of Korea recorded 87.3% for current education expenditure, tertiary in 2022.

Compared with earlier readings it is up 1.1% on the previous year and up 0.3% over ten years.

Over the whole period, current education expenditure, tertiary in Republic of Korea peaked at 87.8% in 2016 and was at its lowest, 66.0%, in 1998.

Republic of Korea ranks 80th of 112 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 10 years of available data.

Current education expenditure, tertiary in Republic of Korea, year by year

Annual values for Current education expenditure, tertiary (% of total expenditure in tertiary public institutions) in Republic of Korea, 1998 to 2022.
Year % of total expenditure in tertiary public institutions Change
1998 66.0%
1999 68.5% +3.8%
2015 87.1% +27.1%
2016 87.8% +0.9%
2017 86.9% -1.1%
2018 86.9% +0.1%
2019 86.4% -0.6%
2020 84.4% -2.3%
2021 86.4% +2.4%
2022 87.3% +1.1%

Averages by decade

DecadeAverage LowestHighest Years
1990s 67.2% 66.0% 68.5% 2
2010s 87.0% 86.4% 87.8% 5
2020s 86.0% 84.4% 87.3% 3

Countries ranked near Republic of Korea

  1. 77 Poland 87.8% compare
  2. 78 Philippines 87.5% compare
  3. 79 Latvia 87.4% compare
  4. 81 Japan 87.3% compare
  5. 82 Türkiye 86.8% compare
  6. 83 Spain 85.9% compare

See the full ranking of 130 places →

More education data for Republic of Korea

All data for Republic of Korea →

Frequently asked questions

What is current education expenditure, tertiary in Republic of Korea?
Current education expenditure, tertiary in Republic of Korea was 87.3% in 2022, according to Data API, UN Educational, Scientific and Cultural Organization (UNESCO).
What is the highest current education expenditure, tertiary recorded in Republic of Korea?
The highest recorded value was 87.8% in 2016.
What is the lowest current education expenditure, tertiary recorded in Republic of Korea?
The lowest recorded value was 66.0% in 1998.
How does Republic of Korea rank for current education expenditure, tertiary?
Republic of Korea ranks 80th out of 112 countries with data for 2022.
Is current education expenditure, tertiary rising or falling in Republic of Korea?
Over the last ten years it is up 0.3%. The long-run trend across the full record is rising.
Where does this Republic of Korea data come from?
The figures come from Data API, UN Educational, Scientific and Cultural Organization (UNESCO), published as part of Current education expenditure, tertiary (% of total expenditure in tertiary public institutions). Statizoid updates them automatically from the source API.

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Current education expenditure, tertiary in Republic of Korea. Statizoid, drawing on Data API, UN Educational, Scientific and Cultural Organization (UNESCO). Retrieved 06 September 2026, from https://education.statizoid.com/stat/current-education-expenditure-tertiary-percent-of-total-expenditure-in-tertiary-public/korea-rep/

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About this data

Indicator
Current education expenditure, tertiary (% of total expenditure in tertiary public institutions)
Unit
% of total expenditure in tertiary public institutions
Source
Data API, UN Educational, Scientific and Cultural Organization (UNESCO)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
130 places, 1,854 data points, 1998–2024
Last refreshed

Current expenditure is expressed as a percentage of direct expenditure in public educational institutions (instructional and non-instructional) of the specified level of education. Financial aid to students and other transfers are excluded from direct expenditure. Current expenditure is consumed within the current year and would have to be renewed if needed in the following year. It includes staff compensation and current expenditure other than for staff compensation (ex. on teaching materials, ancillary services and administration).