South Korea - Public Pension Spending

Since 2014, South Korea Public Pension Spending jumped by 3.9points year on year. In 2019, the country was number 32 comparing other countries in Public Pension Spending with 3.21 Percent of GDP. South Korea is overtaken by Ireland, which was ranked number 31 with 3.84 Percent of GDP and is followed by Chile with 2.59 Percent of GDP. Greece ranked the highest with 18.32 Percent of GDP in 2019, that is a growth of 2points versus 2018. Italy, Portugal and France respectively ranked number 2, 3 and 4 in this ranking. South Korea recorded the best 5 years average growth at +3.9points per year, while Ireland recorded the worst performance at -3.6points per year.

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Date Percent of GDP
2019 3.21
2018 3.11
2017 3.01
2016 2.94
2015 2.92
Download all data from 1990 to 2019

How does South Korea rank in Public Pension Spending?

# 35 Countries Percent of GDP Last YoY 5‑years CAGR
1 #1
Greece
18.32 % 2019 +1.9 % +2.2 % View data
2 #2
Italy
16.91 % 2019 +0.9 % +0.8 % View data
31 #31
Ireland
3.84 % 2019 -0.8 % -3.6 % View data
32 #32
South Korea
3.21 % 2019 +3.0 % +3.9 % View data
33 #33
Chile
2.59 % 2019 -3.5 % -2.5 % View data
Compare all 35 countries

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