Government Spending in South Korea increased to 74118.60 KRW Billion in the first quarter of 2019 from 73858.40 KRW Billion in the fourth quarter of 2018. Government Spending in South Korea averaged 23618.46 KRW Billion from 1960 until 2019, reaching an all time high of 74118.60 KRW Billion in the first quarter of 2019 and a record low of 2742.81 KRW Billion in the third quarter of 1961.
Government Spending in South Korea is expected to be 60112.00 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 63782.00 in 12 months time. In the long-term, the South Korea Government Spending is projected to trend around 65912.00 KRW Billion in 2020, according to our econometric models.