In 2021, South Korea devoted around five percent of its gross domestic product (GDP) to public expenditure on healthcare. Its spending on old-age benefits, which include pensions, early retirement pensions, home help, and residential services for the elderly, came in second. Except for unemployment and other social policy areas, South Korea's spending on social programs was lower than the average of the Organization for Economic Co-operation and Development (OECD).
Public social spending as a share of gross domestic product (GDP) in South Korea in 2021, by sector
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OECD. (May 2, 2024). Public social spending as a share of gross domestic product (GDP) in South Korea in 2021, by sector [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1464484/south-korea-social-spending-as-gdp-share-by-sector/
OECD. "Public social spending as a share of gross domestic product (GDP) in South Korea in 2021, by sector." Chart. May 2, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1464484/south-korea-social-spending-as-gdp-share-by-sector/
OECD. (2024). Public social spending as a share of gross domestic product (GDP) in South Korea in 2021, by sector. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1464484/south-korea-social-spending-as-gdp-share-by-sector/
OECD. "Public Social Spending as a Share of Gross Domestic Product (Gdp) in South Korea in 2021, by Sector." Statista, Statista Inc., 2 May 2024, https://www.statista.com/statistics/1464484/south-korea-social-spending-as-gdp-share-by-sector/
OECD, Public social spending as a share of gross domestic product (GDP) in South Korea in 2021, by sector Statista, https://www.statista.com/statistics/1464484/south-korea-social-spending-as-gdp-share-by-sector/ (last visited December 22, 2024)
Public social spending as a share of gross domestic product (GDP) in South Korea in 2021, by sector [Graph], OECD, May 2, 2024. [Online]. Available: https://www.statista.com/statistics/1464484/south-korea-social-spending-as-gdp-share-by-sector/
