Government spending in South Korea was last recorded at 32.3 percent of GDP in 2016 .

Government Spending To Gdp in South Korea averaged 25.03 percent from 1970 until 2016, 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. source: The Bank of Korea

Government Spending To GDP in South Korea is expected to be 37.50 percent by the end of this quarter, 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 2020, according to our econometric models.


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South Korea Government Spending To GDP

Actual Previous Highest Lowest Dates Unit Frequency
32.26 32.30 34.90 18.60 1970 - 2016 percent Yearly
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 [+]