South Korea Government Spending  1960-2017 | Data | Chart | Calendar

Government Spending in South Korea increased to 58078.80 KRW Billion in the third quarter of 2017 from 56774.50 KRW Billion in the second quarter of 2017. Government Spending in South Korea averaged 20801.81 KRW Billion from 1960 until 2017, reaching an all time high of 58078.80 KRW Billion in the third 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 12656.00 17381.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 58078.80 56774.50 58078.80 2742.81 KRW Billion [+]
Government Revenues 309794.00 281785.00 371264.00 14987.00 KRW Billion [+]
Fiscal Expenditure 297138.00 264403.00 354354.00 7012.00 KRW Billion [+]
Credit Rating 84.40 [+]
Military Expenditure 37264.60 36432.70 37264.60 185.70 USD Million [+]
Asylum Applications 652.00 591.00 775.00 1.00 Persons [+]
Government Spending To Gdp 32.30 31.98 34.90 18.60 percent [+]


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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
58078.80 56774.50 58078.80 2742.81 1960 - 2017 KRW Billion Quarterly
Constant Prices, SA




government spending by Country
Country Last
Australia 81684.00 Sep/17
Brazil 98058.02 Oct/17
Canada 358066.00 Sep/17
China 187841.00 Dec/16
Euro Area 535.69 Sep/17
France 131009.00 Sep/17
Germany 139.50 Sep/17
India 3962.84 Sep/17
Indonesia 193654.89 Sep/17
Italy 79135.20 Sep/17
Japan 106160.90 Sep/17
Mexico 1555633.00 Jun/17
Netherlands 42047.00 Sep/17
Russia 3892.60 Jun/17
South Korea 58078.80 Sep/17
Spain 53571.00 Sep/17
Switzerland 19934.98 Sep/17
Turkey 51715524.70 Sep/17
United Kingdom 92127.00 Sep/17
United States 2897.99 Sep/17