Fiscal Expenditure in South Korea increased to 371229 KRW Billion in November from 352462 KRW Billion in October of 2018. Fiscal Expenditure in South Korea averaged 139880.41 KRW Billion from 1999 until 2018, reaching an all time high of 379809 KRW Billion in December of 2017 and a record low of 7012 KRW Billion in January of 2002.

Fiscal Expenditure in South Korea is expected to be 117000.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Fiscal Expenditure in South Korea to stand at 389000.00 in 12 months time. In the long-term, the South Korea Fiscal Expenditure is projected to trend around 392000.00 KRW Billion in 2020, according to our econometric models.

South Korea Fiscal Expenditure
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South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.00 38.30 38.30 8.24 percent [+]
Government Budget -2.00 -2.40 3.47 -4.10 percent of GDP [+]
Government Budget Value 37409.00 28653.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 62355.80 60505.20 62355.80 2742.81 KRW Billion [+]
Government Revenues 408637.00 381115.00 408637.00 14987.00 KRW Billion [+]
Fiscal Expenditure 371229.00 352462.00 379809.00 7012.00 KRW Billion [+]
Credit Rating 84.40 [+]
Government Spending To GDP 32.26 32.30 34.90 18.60 percent [+]
Military Expenditure 37559.90 36934.40 37559.90 182.70 USD Million [+]
Asylum Applications 652.00 591.00 775.00 1.00 Persons [+]


South Korea Fiscal Expenditure

Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. This page provides - South Korea Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Fiscal Expenditure - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
371229.00 352462.00 379809.00 7012.00 1999 - 2018 KRW Billion Monthly
Current Prices, NSA




Country Last Previous
Argentina 401314.20 Dec/18
Australia 40803.00 Dec/18
Canada 26053.00 Nov/18
China 29154.00 Dec/18
France 390.69 Dec/18
Germany 355.47 Sep/18
India 18320.33 Dec/18
Indonesia 2202200.00 Dec/18
Italy 77.24 Dec/18
Mexico 467117.60 Nov/18
Netherlands 49.60 Dec/18
Russia 28456043.70 Nov/18
Saudi Arabia 929999.00 Dec/17
Singapore 6833.00 Dec/18
South Africa 142871.00 Dec/18
South Korea 371229.00 Nov/18
Switzerland 224309.00 Dec/19
Turkey 84184409.00 Dec/18
United States 326123.00 Dec/18


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