Initial government funding per tertiary student as a percentage of in Republic of Korea

Republic of Korea: Initial government funding per tertiary student as a percentage of was 16.0% in 2022. ▲ Rising

Latest (2022)
16.0%
Change on year
up 3.5%
World rank
96th
of 120 countries
All-time high
16.0%
in 2022
All-time low
6.1%
in 1998
Years of data
10
1998–2022

Initial government funding per tertiary student as a percentage of in Republic of Korea, 1998–2022

0510151998201020221998: 6.11999: 7.22015: 13.42016: 13.62017: 13.42018: 142019: 13.32020: 15.22021: 15.52022: 16

Source: UNESCO Institute for Statistics.

Analysis

The most recent figure for initial government funding per tertiary student as a percentage of in Republic of Korea is 16.0%, measured in 2022. That is the highest value across all 10 years on record.

The figure is up 3.5% on the previous year and up 19.4% over ten years.

Over the whole period, initial government funding per tertiary student as a percentage of in Republic of Korea peaked at 16.0% in 2022 and was at its lowest, 6.1%, in 1998.

Republic of Korea ranks 96th of 120 countries on this measure, in the bottom quarter.

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

Initial government funding per tertiary student as a percentage of in Republic of Korea, year by year

Annual values for Initial government funding per tertiary student as a percentage of GDP per capita in Republic of Korea, 1998 to 2022.
Year Value Change
1998 6.1%
1999 7.2% +18.4%
2015 13.4% +85.9%
2016 13.6% +1.5%
2017 13.4% -2.0%
2018 14.0% +4.4%
2019 13.3% -4.4%
2020 15.2% +13.9%
2021 15.5% +2.0%
2022 16.0% +3.5%

Averages by decade

DecadeAverage LowestHighest Years
1990s 6.7% 6.1% 7.2% 2
2010s 13.6% 13.3% 14.0% 5
2020s 15.6% 15.2% 16.0% 3

Countries ranked near Republic of Korea

  1. 93 Croatia 17.2% compare
  2. 94 Macau, China 16.7% compare
  3. 95 Bangladesh 16.6% compare
  4. 97 Ireland 15.4% compare
  5. 98 Israel 14.9% compare
  6. 99 Singapore 14.1% compare

See the full ranking of 120 places →

More education data for Republic of Korea

All data for Republic of Korea →

Frequently asked questions

What is initial government funding per tertiary student as a percentage of in Republic of Korea?
Initial government funding per tertiary student as a percentage of in Republic of Korea was 16.0% in 2022, according to UNESCO Institute for Statistics.
What is the highest initial government funding per tertiary student as a percentage of recorded in Republic of Korea?
The highest recorded value was 16.0% in 2022.
What is the lowest initial government funding per tertiary student as a percentage of recorded in Republic of Korea?
The lowest recorded value was 6.1% in 1998.
How does Republic of Korea rank for initial government funding per tertiary student as a percentage of?
Republic of Korea ranks 96th out of 120 countries with data for 2022.
Is initial government funding per tertiary student as a percentage of rising or falling in Republic of Korea?
Over the last ten years it is up 19.4%. The long-run trend across the full record is rising.
Where does this Republic of Korea data come from?
The figures come from UNESCO Institute for Statistics, published as part of Initial government funding per tertiary student as a percentage of GDP per capita. Statizoid updates them automatically from the source API.

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Initial government funding per tertiary student as a percentage of in Republic of Korea. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 08 September 2026, from https://education.statizoid.com/stat/initial-government-funding-per-tertiary-student-as-a-percentage-of-gdp-per-capita-2/korea-rep/

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About this data

Indicator
Initial government funding per tertiary student as a percentage of GDP per capita
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
120 places, 1,713 data points, 1970–2024
Last refreshed

February 2026 Data Release