Government spending in South Korea was last recorded at 30.3 percent of GDP in 2017 .

Government Spending To GDP in South Korea averaged 25.02 percent from 1970 until 2017, reaching an all time high of 34.90 percent in 2009 and a record low of 18.60 percent in 1973. This page provides - South Korea Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Spending To GDP - values, historical data and charts - was last updated on October of 2020. source: The Bank of Korea

Government Spending To GDP in South Korea is expected to reach 38.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Government Spending To GDP is projected to trend around 39.00 percent in 2021, according to our econometric models.

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South Korea Government Spending To GDP

Actual Previous Highest Lowest Dates Unit Frequency
30.27 30.30 34.90 18.60 1970 - 2017 percent Yearly

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.70 36.60 39.90 8.24 percent [+]
Government Budget -2.60 -0.60 3.47 -4.10 percent of GDP [+]
Government Budget Value -70888.00 -75607.00 42914.00 -89971.00 KRW Billion [+]
Government Spending 80151.90 79280.70 80151.90 2925.40 KRW Billion [+]
Government Revenues 296469.00 261424.00 443853.00 14987.00 KRW Billion [+]
Fiscal Expenditure 367357.00 337031.00 455850.00 7012.00 KRW Billion [+]
Military Expenditure 41157.00 39171.00 41157.00 190.00 USD Million [+]
Credit Rating 86.00 [+]
Asylum Applications 839.00 1059.00 2260.00 1.00 Persons [+]
Government Spending To GDP 30.27 30.30 34.90 18.60 percent [+]