Government Revenues in South Korea increased to 247759 KRW Billion in May from 206719 KRW Billion in April of 2021. source: The Bank of Korea

Government Revenues in South Korea averaged 155182.09 KRW Billion from 1999 until 2021, 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 July of 2021.

Government Revenues in South Korea is expected to be 399000.00 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 399000.00 in 12 months time. In the long-term, the South Korea Government Revenues is projected to trend around 399000.00 KRW Billion in 2022, according to our econometric models.

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South Korea Government Revenues

Actual Previous Highest Lowest Dates Unit Frequency
247759.00 206719.00 443853.00 14987.00 1999 - 2021 KRW Billion Monthly
Current Prices, NSA, cumulative

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 42.60 36.40 42.60 8.24 percent of GDP [+]
Government Budget -6.10 -2.60 3.47 -6.10 percent of GDP [+]
Government Budget Value -20477.00 -16347.00 42914.00 -89971.00 KRW Billion [+]
Government Spending 81349.10 79988.00 81349.10 2925.40 KRW Billion [+]
Government Revenues 247759.00 206719.00 443853.00 14987.00 KRW Billion [+]
Fiscal Expenditure 268236.00 223066.00 472025.00 7012.00 KRW Billion [+]
Credit Rating 86.00 [+]
Military Expenditure 46056.00 43891.00 46056.00 189.00 USD Million [+]
Asylum Applications 6684.00 15451.00 16173.00 4.00 Persons [+]
Government Spending To GDP 31.15 30.27 32.28 17.90 percent of GDP [+]


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.