Government Spending To GDP in South Korea increased to 31.15 percent in 2018 from 30.27 percent in 2017. source: The Bank of Korea

Government Spending To GDP in South Korea averaged 25.15 percent from 1970 until 2018, 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 February of 2021.

Government Spending To GDP in South Korea is expected to reach 39.00 percent by the end of 2021, 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 2022, according to our econometric models.

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South Korea Government Spending To GDP

Actual Previous Highest Lowest Dates Unit Frequency
31.15 30.27 34.90 18.60 1970 - 2018 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 -63264.00 -58956.00 42914.00 -89971.00 KRW Billion [+]
Government Spending 79988.00 80247.40 80247.40 2925.40 KRW Billion [+]
Government Revenues 408760.00 382798.00 443853.00 14987.00 KRW Billion [+]
Fiscal Expenditure 472025.00 441754.00 472025.00 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 31.15 30.27 34.90 18.60 percent [+]