Government Spending in South Korea increased to 80151.90 KRW Billion in the second quarter of 2020 from 79280.70 KRW Billion in the first quarter of 2020.
Government Spending in South Korea averaged 25163.42 KRW Billion from 1960 until 2020, reaching an all time high of 80151.90 KRW Billion in the second quarter of 2020 and a record low of 2925.40 KRW Billion in the third quarter of 1961. This page provides - South Korea Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Spending - values, historical data and charts - was last updated on October of 2020. source: The Bank of Korea
Government Spending in South Korea is expected to be 76489.00 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 82209.00 in 12 months time. In the long-term, the South Korea Government Spending is projected to trend around 81632.00 KRW Billion in 2021 and 83673.00 KRW Billion in 2022, according to our econometric models.