South Korea recorded a Government Budget deficit equal to 2.60 percent of the country's Gross Domestic Product in 2019.
Government Budget in South Korea averaged -0.42 percent of GDP from 1988 until 2019, 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. This page provides - South Korea Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Budget - values, historical data and charts - was last updated on August of 2020. source: Statistics Korea
Government Budget in South Korea is expected to reach -5.70 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Government Budget is projected to trend around -6.20 percent of GDP in 2021 and -2.80 percent of GDP in 2022, according to our econometric models.