Government spending in South Korea was last recorded at 31.2 percent of GDP in 2018 . source: The Bank of Korea

Government Spending To GDP in South Korea averaged 24.11 percent of GDP from 1970 until 2018, reaching an all time high of 32.28 percent of GDP in 2009 and a record low of 17.90 percent of GDP 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 2021.

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

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South Korea Government Spending To GDP


South Korea Last Unit Reference Previous Highest Lowest
Government Budget Value -20709.00 KRW Billion Jul/21 -47188.00 42914.00 -89971.00
Government Spending 84290.80 KRW Billion Jun/21 81092.00 84290.80 2925.40
Government Revenues 337403.00 KRW Billion Jul/21 281802.00 443853.00 14987.00
Fiscal Expenditure 358112.00 KRW Billion Jul/21 328990.00 472025.00 7012.00
Government Spending To GDP 31.15 percent of GDP Dec/18 30.27 32.28 17.90