Social expenditure South Korea 2000-2020

Published by L. Yoon, Aug 20, 2024
In 2020, South Korea's total social expenditure was an estimated 302 trillion South Korean won, an increase from the previous year. Social spending has risen steadily over the past decades.

Social welfare expenditure in South Korea from 2000 to 2020 (in trillion South Korean won)

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Release date

March 2024

Region

South Korea

Survey time period

2000 to 2020

Supplementary notes

*Preliminary figure.

Figures have been rounded.

1,000 South Korean won equals 0.75 U.S. dollars or 0.69 euro as of March 2024.

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