Healthcare Spending: Korea, Republic of
Korea, Republic of's healthcare spending is currently 8.677 % of GDP as of 2024. # Korea, Republic of Healthcare Spending South Korea allocated 8.
Current (2024)
8.677 % of GDP
+1.3% y/y
Peak (2022)
8.86 % of GDP
Low (2000)
3.718 % of GDP
Source
World Bank World Development Indicators
2000–2024 · 25 pts
Healthcare Spending — Korea, Republic of
2000 — 2024
Healthcare Spending — Korea, Republic of
Analysis# Korea, Republic of Healthcare Spending
South Korea allocated 8.677% of its GDP to healthcare in 2024, representing a substantial commitment to medical services. This figure sits just below the all-time peak of 8.86% recorded in 2022. Over the past quarter-century, healthcare spending has more than doubled, climbing 133.4% from 3.718% in 2000—a dramatic shift reflecting Korea's economic development and aging population.
The most striking trend emerged between 2015 and 2022, when spending accelerated from 6.462% to 8.86%, a jump of 2.4 percentage points in seven years. A slight dip to 8.565% in 2023 preceded the modest recovery in 2024. This consistent upward pressure suggests Korea's healthcare system continues expanding to meet growing demand, with spending likely to stabilize around current levels absent major policy shifts.
Historical Data
25 Rows| Year | Value | Change % |
|---|---|---|
| 2024 | 8.677 % of GDP | +1.31% |
| 2023 | 8.565 % of GDP | -3.33% |
| 2022 | 8.86 % of GDP | +6.18% |
| 2021 | 8.344 % of GDP | +3.95% |
| 2020 | 8.027 % of GDP | +4.33% |
| 2019 | 7.694 % of GDP | +7.73% |
| 2018 | 7.142 % of GDP | +5.06% |
| 2017 | 6.798 % of GDP | +2.44% |
| 2016 | 6.636 % of GDP | +2.69% |
| 2015 | 6.462 % of GDP | +3.47% |
| 2014 | 6.245 % of GDP | +2.90% |
| 2013 | 6.069 % of GDP | +1.86% |
| 2012 | 5.958 % of GDP | +0.93% |
| 2011 | 5.903 % of GDP | +1.88% |
| 2010 | 5.794 % of GDP | +1.92% |
| 2009 | 5.685 % of GDP | +8.37% |
| 2008 | 5.246 % of GDP | +5.81% |
| 2007 | 4.958 % of GDP | -0.02% |
| 2006 | 4.959 % of GDP | +6.60% |
| 2005 | 4.652 % of GDP | +4.94% |
Show all 25 rows
| Year | Value | Change % |
|---|---|---|
| 2004 | 4.433 % of GDP | -0.74% |
| 2003 | 4.466 % of GDP | +14.25% |
| 2002 | 3.909 % of GDP | -6.26% |
| 2001 | 4.17 % of GDP | +12.16% |
| 2000 | 3.718 % of GDP | — |
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