Government Spending in South Korea increased to 62355.80 KRW Billion in the fourth quarter of 2018 from 60505.20 KRW Billion in the third quarter of 2018. Government Spending in South Korea averaged 21633.74 KRW Billion from 1960 until 2018, reaching an all time high of 62355.80 KRW Billion in the fourth quarter of 2018 and a record low of 2742.81 KRW Billion in the third quarter of 1961.

Government Spending in South Korea is expected to be 60980.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in South Korea to stand at 61897.00 in 12 months time. In the long-term, the South Korea Government Spending is projected to trend around 64397.00 KRW Billion in 2020, according to our econometric models.

South Korea Government Spending
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South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.60 38.30 38.60 8.24 percent [+]
Government Budget -1.60 -1.10 3.47 -4.10 percent of GDP [+]
Government Budget Value -11804.00 6893.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 62355.80 60505.20 62355.80 2742.81 KRW Billion [+]
Government Revenues 73087.00 49100.00 408637.00 14987.00 KRW Billion [+]
Fiscal Expenditure 84891.00 42206.00 379809.00 7012.00 KRW Billion [+]
Credit Rating 84.40 [+]
Government Spending To GDP 32.26 32.30 34.90 18.60 percent [+]
Military Expenditure 37559.90 36934.40 37559.90 182.70 USD Million [+]
Asylum Applications 839.00 1059.00 2260.00 1.00 Persons [+]


South Korea Government Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - South Korea Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Spending - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
62355.80 60505.20 62355.80 2742.81 1960 - 2018 KRW Billion Quarterly
Constant Prices, SA




Country Last Previous
Argentina 100173.00 Dec/18
Australia 89290.00 Dec/18
Brazil 103641.04 Feb/19
Canada 417805.00 Dec/18
China 220906.00 Dec/18
Euro Area 545.63 Dec/18
France 136594.00 Dec/18
Germany 143.97 Dec/18
India 3410.32 Dec/18
Indonesia 283404.39 Dec/18
Italy 78024.10 Dec/18
Japan 107892.20 Dec/18
Mexico 2193603.00 Dec/18
Netherlands 44944.00 Dec/18
Russia 4067.40 Dec/18
Saudi Arabia 195776.00 Dec/18
Singapore 10699.80 Dec/18
South Africa 643445.00 Dec/18
South Korea 62355.80 Dec/18
Spain 56511.00 Dec/18
Switzerland 19877.18 Dec/18
Turkey 69495065.30 Dec/18
United Kingdom 92768.00 Dec/18
United States 3188.70 Dec/18


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