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 2022.

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



Related Last Previous Unit Reference
Government Budget Value -48889.00 -21317.00 KRW Billion May 2022
Government Spending 87638.00 86413.00 KRW Billion Jun 2022
Government Revenues 281457.00 236310.00 KRW Billion May 2022
Fiscal Expenditure 330346.00 257627.00 KRW Billion May 2022
Government Spending To GDP 33.87 31.15 percent of GDP Dec 2019