South Korea Government Budget  Forecast


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Government Budget in South Korea is expected to be -3.50 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 Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 38.6 39 38 38 38.65 44
Government Budget -2.4 -3.5 -2.9 -2.9 -0.38 -3.2
Government Budget Value 17381 9095 6172 5133 5218 -4300
Government Spending 58079 57384 57698 57931 58152 59117
Government Revenues 281785 364000 130924 92400 138397 396000
Fiscal Expenditure 264403 353000 128284 131410 131636 396000
Credit Rating 84.4
Military Expenditure 37265 37983 41430 41430 38527 39657
Asylum Applications 652 810 618 580 592 950
Government Spending To Gdp 32.3 34 34.5 34.5 31.7 36