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 August 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

Actual Previous Highest Lowest Dates Unit Frequency
31.15 30.27 32.28 17.90 1970 - 2018 percent of GDP Yearly

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 42.60 36.40 42.60 8.24 percent of GDP [+]
Government Budget -6.10 -2.60 3.47 -6.10 percent of GDP [+]
Government Budget Value -20477.00 -16347.00 42914.00 -89971.00 KRW Billion [+]
Government Spending 84266.60 81349.10 84266.60 2925.40 KRW Billion [+]
Government Revenues 247759.00 206719.00 443853.00 14987.00 KRW Billion [+]
Fiscal Expenditure 268236.00 223066.00 472025.00 7012.00 KRW Billion [+]
Credit Rating 86.00 [+]
Military Expenditure 46056.00 43891.00 46056.00 189.00 USD Million [+]
Asylum Applications 6684.00 15451.00 16173.00 4.00 Persons [+]
Government Spending To GDP 31.15 30.27 32.28 17.90 percent of GDP [+]