South Korea Government Budget  1988-2017 | Data | Chart | Calendar

South Korea recorded a Government Budget deficit equal to 3 percent of the country's Gross Domestic Product in 2015. Government Budget in South Korea averaged -0.31 percent of GDP from 1988 until 2015, reaching an all time high of 3.47 percent of GDP in 2007 and a record low of -4.10 percent of GDP in 2009.

South Korea Government Budget
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South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.60 37.80 38.60 8.24 percent [+]
Government Budget -3.00 -2.00 3.47 -4.10 percent of GDP [+]
Government Budget Value 9070.00 -3918.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 56152.00 55890.80 56152.00 2742.81 KRW Billion [+]
Government Revenues 154263.00 106216.00 371264.00 14987.00 KRW Billion [+]
Fiscal Expenditure 145192.00 110134.00 354354.00 7012.00 KRW Billion [+]
Military Expenditure 37264.60 36432.70 37264.60 185.70 USD Million [+]
Credit Rating 84.40 [+]
Asylum Applications 611.00 592.00 773.00 1.00 Persons [+]
Government Spending To Gdp 32.00 31.80 34.90 18.60 percent [+]


South Korea Government Budget Notes

Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - South Korea Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Budget - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-3.00 -2.00 3.47 -4.10 1988 - 2015 percent of GDP Yearly



government budget by Country

Last
Australia -2.40 Dec/16
Brazil -8.90 Dec/16
Canada 0.10 Dec/15
China -3.80 Dec/16
Euro Area -1.50 Dec/16
France -3.40 Dec/16
Germany 0.80 Dec/16
India -3.50 Dec/16
Indonesia -2.46 Dec/16
Italy -2.40 Dec/16
Japan -4.50 Dec/16
Mexico -2.60 Dec/16
Netherlands 0.40 Dec/16
Russia -3.70 Dec/16
South Korea -3.00 Dec/15
Spain -4.50 Dec/16
Switzerland 0.20 Dec/16
Turkey -1.00 Dec/15
United Kingdom -3.00 Dec/16
United States -3.20 Dec/16