Government spending in South Korea was last recorded at 32.3 percent of GDP in 2016 . Government Spending To Gdp in South Korea averaged 25.03 percent from 1970 until 2016, reaching an all time high of 34.90 percent in 2009 and a record low of 18.60 percent in 1973.

Government Spending To GDP in South Korea is expected to be 33.40 percent by the end of this quarter, 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 34.00 percent in 2020, according to our econometric models.

South Korea Government Spending To GDP
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South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.60 38.30 38.60 8.24 percent [+]
Government Budget -1.60 -1.10 3.47 -4.10 percent of GDP [+]
Government Budget Value -11804.00 6893.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 62355.80 60505.20 62355.80 2742.81 KRW Billion [+]
Government Revenues 73087.00 49100.00 408637.00 14987.00 KRW Billion [+]
Fiscal Expenditure 84891.00 42206.00 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 839.00 1059.00 2260.00 1.00 Persons [+]


South Korea Government Spending To GDP

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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
32.26 32.30 34.90 18.60 1970 - 2016 percent Yearly




Country Last Previous
France 56.50 Dec/17
Italy 48.90 Dec/17
Euro Area 47.10 Dec/17
Germany 43.90 Dec/17
Netherlands 42.20 Dec/18
Spain 41.00 Dec/17
Japan 39.05 Dec/16
United Kingdom 38.50 Dec/18
United States 38.00 Dec/17
Switzerland 33.00 Dec/17
South Korea 32.26 Dec/16
India 12.74 Dec/17


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