Government Spending in South Korea increased to 78781.50 KRW Billion in the fourth quarter of 2019 from 76796.50 KRW Billion in the third quarter of 2019.

Government Spending in South Korea averaged 24287.07 KRW Billion from 1960 until 2019, reaching an all time high of 78781.50 KRW Billion in the fourth quarter of 2019 and a record low of 2742.81 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. source: The Bank of Korea

Government Spending in South Korea is expected to be 74736.00 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 80593.00 in 12 months time. In the long-term, the South Korea Government Spending is projected to trend around 85253.00 KRW Billion in 2020, according to our econometric models.


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South Korea Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
78781.50 76796.50 78781.50 2742.81 1960 - 2019 KRW Billion Quarterly
Constant Prices 2015, SA

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.

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 78781.50 76796.50 78781.50 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 [+]