Government expenditure on tertiary education, constant US$ in Republic of Korea

Republic of Korea: Government expenditure on tertiary education, constant US$ was 15,702 millions in 2022. ◆ Volatile

Latest (2022)
15,702 millions
Change on year
up 3.5%
World rank
13th
of 159 countries
All-time high
15,702 millions
in 2022
All-time low
176.33 millions
in 1970
Years of data
34
1970–2022

Government expenditure on tertiary education, constant US$ in Republic of Korea, 1970–2022

05.0k10.0k15.0k1970199620221970: 176.3 millions1971: 214.7 millions1972: 196.2 millions1973: 200.2 millions1975: 225.1 millions1976: 347.4 millions1977: 253.2 millions1979: 561.5 millions1980: 600 millions1981: 483.4 millions1982: 3.2k millions1983: 1.0k millions1984: 1.1k millions1985: 1.1k millions1986: 1.0k millions1987: 1.1k millions1988: 897.9 millions1989: 1.1k millions1990: 1.2k millions1991: 1.3k millions1992: 1.4k millions1993: 1.5k millions1994: 1.3k millions1995: 1.4k millions1998: 2.3k millions1999: 3.3k millions2015: 12.8k millions2016: 13.1k millions2017: 13.0k millions2018: 13.7k millions2019: 13.1k millions2020: 14.6k millions2021: 15.2k millions2022: 15.7k millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

The most recent figure for government expenditure on tertiary education, constant us$ in Republic of Korea is 15,702 millions, measured in 2022. That is the highest value across all 34 years on record.

The figure is up 3.5% on the previous year and up 22.3% over ten years.

Over the whole period, government expenditure on tertiary education, constant us$ in Republic of Korea peaked at 15,702 millions in 2022 and was at its lowest, 176.33 millions, in 1970.

Republic of Korea ranks 13th of 159 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Government expenditure on tertiary education, constant US$ in Republic of Korea, year by year

Annual values for Government expenditure on tertiary education, constant US$ (millions) in Republic of Korea, 1970 to 2022.
Year millions Change
1970 176.33 millions
1971 214.69 millions +21.8%
1972 196.19 millions -8.6%
1973 200.2 millions +2.0%
1975 225.13 millions +12.4%
1976 347.41 millions +54.3%
1977 253.2 millions -27.1%
1979 561.45 millions +121.7%
1980 600.04 millions +6.9%
1981 483.39 millions -19.4%
1982 3,204 millions +562.7%
1983 1,024 millions -68.0%
1984 1,134 millions +10.7%
1985 1,098 millions -3.1%
1986 1,036 millions -5.7%
1987 1,070 millions +3.3%
1988 897.9 millions -16.1%
1989 1,118 millions +24.5%
1990 1,167 millions +4.4%
1991 1,265 millions +8.4%
1992 1,371 millions +8.4%
1993 1,532 millions +11.7%
1994 1,297 millions -15.4%
1995 1,401 millions +8.1%
1998 2,338 millions +66.8%
1999 3,303 millions +41.3%
2015 12,836 millions +288.7%
2016 13,114 millions +2.2%
2017 12,956 millions -1.2%
2018 13,690 millions +5.7%
2019 13,120 millions -4.2%
2020 14,608 millions +11.3%
2021 15,176 millions +3.9%
2022 15,702 millions +3.5%

Averages by decade

DecadeAverage LowestHighest Years
1970s 271.83 millions 176.33 millions 561.45 millions 8
1980s 1,166 millions 483.39 millions 3,204 millions 10
1990s 1,709 millions 1,167 millions 3,303 millions 8
2010s 13,143 millions 12,836 millions 13,690 millions 5
2020s 15,162 millions 14,608 millions 15,702 millions 3

Countries ranked near Republic of Korea

  1. 10 Netherlands 18,338 millions compare
  2. 11 Australia 17,100 millions compare
  3. 12 Spain 16,996 millions compare
  4. 14 Japan 14,718 millions compare
  5. 15 Mexico 14,110 millions compare
  6. 16 Russian Federation 13,822 millions compare

See the full ranking of 159 places →

More education data for Republic of Korea

All data for Republic of Korea →

Frequently asked questions

What is government expenditure on tertiary education, constant us$ in Republic of Korea?
Government expenditure on tertiary education, constant us$ in Republic of Korea was 15,702 millions in 2022, according to UNESCO Institute for Statistics.
What is the highest government expenditure on tertiary education, constant us$ recorded in Republic of Korea?
The highest recorded value was 15,702 millions in 2022.
What is the lowest government expenditure on tertiary education, constant us$ recorded in Republic of Korea?
The lowest recorded value was 176.33 millions in 1970.
How does Republic of Korea rank for government expenditure on tertiary education, constant us$?
Republic of Korea ranks 13th out of 159 countries with data for 2022.
Is government expenditure on tertiary education, constant us$ rising or falling in Republic of Korea?
Over the last ten years it is up 22.3%. The long-run trend across the full record is volatile.
Where does this Republic of Korea data come from?
The figures come from UNESCO Institute for Statistics, published as part of Government expenditure on tertiary education, constant US$ (millions). Statizoid updates them automatically from the source API.

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Government expenditure on tertiary education, constant US$ in Republic of Korea. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 27 August 2026, from https://education.statizoid.com/stat/government-expenditure-on-tertiary-education-constant-us-millions-2/korea-rep/

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About this data

Indicator
Government expenditure on tertiary education, constant US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
159 places, 3,551 data points, 1970–2024
Last refreshed

February 2026 Data Release