South Korea Government Spending  1960-2018 | Data | Chart | Calendar

Government Spending in South Korea increased to 58383.10 KRW Billion in the fourth quarter of 2017 from 58078.80 KRW Billion in the third quarter of 2017. Government Spending in South Korea averaged 20963.80 KRW Billion from 1960 until 2017, reaching an all time high of 58383.10 KRW Billion in the fourth quarter of 2017 and a record low of 2742.81 KRW Billion in the third quarter of 1961.

South Korea Government Spending
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South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.60 37.80 38.60 8.24 percent [+]
Government Budget -2.40 -3.00 3.47 -4.10 percent of GDP [+]
Government Budget Value 29177.00 27225.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 58383.10 58078.80 58383.10 2742.81 KRW Billion [+]
Government Revenues 375562.00 350697.00 375562.00 14987.00 KRW Billion [+]
Fiscal Expenditure 346385.00 323472.00 354354.00 7012.00 KRW Billion [+]
Credit Rating 84.40 [+]
Military Expenditure 37264.60 36432.70 37264.60 185.70 USD Million [+]
Government Spending To Gdp 32.30 31.98 34.90 18.60 percent [+]
Asylum Applications 652.00 591.00 775.00 1.00 Persons [+]


South Korea Government Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - South Korea Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Spending - actual data, historical chart and calendar of releases - was last updated on February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
58383.10 58078.80 58383.10 2742.81 1960 - 2017 KRW Billion Quarterly
Constant Prices, SA




government spending by Country
Country Last
Australia 81684.00 Sep/17
Brazil 147846.94 Dec/17
Canada 358066.00 Sep/17
China 203330.00 Dec/17
Euro Area 535.69 Sep/17
France 131469.00 Dec/17
Germany 139.50 Sep/17
India 3962.84 Sep/17
Indonesia 271040.06 Dec/17
Italy 79135.20 Sep/17
Japan 106030.50 Dec/17
Mexico 2089840.06 Sep/17
Netherlands 42246.00 Dec/17
Russia 3908.40 Sep/17
South Korea 58383.10 Dec/17
Spain 53571.00 Sep/17
Switzerland 19934.98 Sep/17
Turkey 51715524.70 Sep/17
United Kingdom 91509.00 Sep/17
United States 2921.13 Dec/17


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