Government Revenues in South Korea increased to 408760 KRW Billion in November from 382798 KRW Billion in October of 2020. source: The Bank of Korea

Government Revenues in South Korea averaged 155299.78 KRW Billion from 1999 until 2020, reaching an all time high of 443853 KRW Billion in December of 2019 and a record low of 14987 KRW Billion in January of 2000. This page provides - South Korea Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Revenues - values, historical data and charts - was last updated on March of 2021.

Government Revenues in South Korea is expected to be 425000.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Revenues in South Korea to stand at 425000.00 in 12 months time. In the long-term, the South Korea Government Revenues is projected to trend around 425000.00 KRW Billion in 2022, according to our econometric models.

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South Korea Government Revenues

Actual Previous Highest Lowest Dates Unit Frequency
408760.00 382798.00 443853.00 14987.00 1999 - 2020 KRW Billion Monthly
Current Prices, NSA, cumulative

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.70 36.60 39.90 8.24 percent [+]
Government Budget -2.60 -0.60 3.47 -4.10 percent of GDP [+]
Government Budget Value -63264.00 -58956.00 42914.00 -89971.00 KRW Billion [+]
Government Spending 79988.00 80247.40 80247.40 2925.40 KRW Billion [+]
Government Revenues 408760.00 382798.00 443853.00 14987.00 KRW Billion [+]
Fiscal Expenditure 472025.00 441754.00 472025.00 7012.00 KRW Billion [+]
Military Expenditure 41157.00 39171.00 41157.00 190.00 USD Million [+]
Credit Rating 86.00 [+]
Asylum Applications 839.00 1059.00 2260.00 1.00 Persons [+]
Government Spending To GDP 31.15 30.27 34.90 18.60 percent [+]


South Korea Government Revenues
Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation.