South Korea Government Budget - Forecast

Government Budget in South Korea is expected to be -1.90 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Government Budget is projected to trend around -3.20 percent of GDP in 2020, according to our econometric models.


South Korea Government Budget
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South Korea Government Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 38 38 38 39 39 40
Government Budget -2 -1.9 -2.3 -2.5 -2.2 -3.2
Government Budget Value 8670 -34000 6000 -9415 -136800 0
Government Spending 59609 58683 59812 61218 58435 63393
Government Revenues 202793 225000 371000 71300 11100 396000
Fiscal Expenditure 194123 259000 365000 80715 147900 396000
Credit Rating 84.4
Military Expenditure 37560 38200 38200 39870 39870 40650
Government Spending To Gdp 32.26 32.3 33.5 32.3 32.9 35
Asylum Applications 652 625 690 710 730 850