Government Spending in South Korea increased to 62355.80 KRW Billion in the fourth quarter of 2018 from 60505.20 KRW Billion in the third quarter of 2018. Government Spending in South Korea averaged 21633.74 KRW Billion from 1960 until 2018, reaching an all time high of 62355.80 KRW Billion in the fourth quarter of 2018 and a record low of 2742.81 KRW Billion in the third quarter of 1961.

Government Spending in South Korea is expected to be 60980.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in South Korea to stand at 61897.00 in 12 months time. In the long-term, the South Korea Government Spending is projected to trend around 64397.00 KRW Billion in 2020, according to our econometric models.

South Korea Government Spending
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.00 38.30 38.30 8.24 percent [+]
Government Budget -2.00 -2.40 3.47 -4.10 percent of GDP [+]
Government Budget Value 37409.00 28653.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 62355.80 60505.20 62355.80 2742.81 KRW Billion [+]
Government Revenues 408637.00 381115.00 408637.00 14987.00 KRW Billion [+]
Fiscal Expenditure 371229.00 352462.00 379809.00 7012.00 KRW Billion [+]
Credit Rating 84.40 [+]
Government Spending To GDP 32.26 32.30 34.90 18.60 percent [+]
Military Expenditure 37559.90 36934.40 37559.90 182.70 USD Million [+]
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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
62355.80 60505.20 62355.80 2742.81 1960 - 2018 KRW Billion Quarterly
Constant Prices, SA




Country Last Previous
Argentina 95670.00 Sep/18
Australia 87057.00 Sep/18
Brazil 148423.72 Dec/18
Canada 417220.00 Sep/18
China 203330.00 Dec/17
Euro Area 542.69 Sep/18
France 136541.00 Dec/18
Germany 142.29 Sep/18
India 4216.64 Sep/18
Indonesia 283404.39 Dec/18
Italy 78350.00 Sep/18
Japan 107931.50 Dec/18
Mexico 2120744.19 Sep/18
Netherlands 44795.00 Dec/18
Russia 3930.20 Sep/18
Saudi Arabia 156928.00 Sep/18
Singapore 10699.80 Dec/18
South Africa 643704.00 Sep/18
South Korea 62355.80 Dec/18
Spain 56676.00 Dec/18
Switzerland 19864.58 Sep/18
Turkey 58201812.20 Sep/18
United Kingdom 92768.00 Dec/18
United States 3192.01 Sep/18


Related

Latest