Government Revenues in South Korea increased to 185162 KRW Billion in May from 155748 KRW Billion in April of 2020.

Government Revenues in South Korea averaged 150208.66 KRW Billion from 1999 until 2020, reaching an all time high of 438262 KRW Billion in December of 2018 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 August of 2020. source: The Bank of Korea

Government Revenues in South Korea is expected to be 3150000.00 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 2021, according to our econometric models.

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South Korea Government Revenues

Actual Previous Highest Lowest Dates Unit Frequency
185162.00 155748.00 438262.00 14987.00 1999 - 2020 KRW Billion Monthly
Current Prices, NSA, cumulative

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.60 36.30 39.90 8.24 percent [+]
Government Budget -2.60 -0.60 3.47 -4.10 percent of GDP [+]
Government Budget Value -61279.00 -43345.00 42914.00 -61279.00 KRW Billion [+]
Government Spending 80075.10 79428.70 80075.10 2742.81 KRW Billion [+]
Government Revenues 185162.00 155748.00 438262.00 14987.00 KRW Billion [+]
Fiscal Expenditure 246441.00 199094.00 417525.00 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 30.27 30.30 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.