Government Revenues in South Korea increased to 409618 KRW Billion in November from 382629 KRW Billion in October of 2019. Government Revenues in South Korea averaged 150944.80 KRW Billion from 1999 until 2019, reaching an all time high of 438262 KRW Billion in December of 2018 and a record low of 14987 KRW Billion in January of 2000. source: The Bank of Korea

Government Revenues in South Korea is expected to be 110800.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Revenues in South Korea to stand at 425000.00 in 12 months time. In the long-term, the South Korea Government Revenues is projected to trend around 425000.00 KRW Billion in 2020, according to our econometric models.

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South Korea Government Revenues

Actual Previous Highest Lowest Dates Unit Frequency
409618.00 382629.00 438262.00 14987.00 1999 - 2019 KRW Billion Monthly
Current Prices, NSA, cumulative


South Korea Government Revenues
Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation.

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.60 36.30 39.90 8.24 percent [+]
Government Budget -1.60 -1.10 3.47 -4.10 percent of GDP [+]
Government Budget Value -7906.00 -11394.00 42914.00 -38492.00 KRW Billion [+]
Government Spending 76796.50 75743.40 76796.50 2742.81 KRW Billion [+]
Government Revenues 409618.00 382629.00 438262.00 14987.00 KRW Billion [+]
Fiscal Expenditure 417525.00 394024.00 417525.00 7012.00 KRW Billion [+]
Credit Rating 86.00 [+]
Military Expenditure 41157.00 39171.00 41157.00 190.00 USD Million [+]
Asylum Applications 839.00 1059.00 2260.00 1.00 Persons [+]
Government Spending To GDP 32.26 32.30 34.90 18.60 percent [+]