Government Spending in South Korea increased to 60505.20 KRW Billion in the third quarter of 2018 from 59634.50 KRW Billion in the second quarter of 2018. Government Spending in South Korea averaged 21460.46 KRW Billion from 1960 until 2018, reaching an all time high of 60505.20 KRW Billion in the third 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 59812.00 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 62342.00 in 12 months time. In the long-term, the South Korea Government Spending is projected to trend around 62411.00 KRW Billion in 2020, according to our econometric models.

South Korea Government Spending
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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 14031.00 15993.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 60505.20 59634.50 60505.20 2742.81 KRW Billion [+]
Government Revenues 339609.00 309467.00 403839.00 14987.00 KRW Billion [+]
Fiscal Expenditure 325578.00 293473.00 379809.00 7012.00 KRW Billion [+]
Credit Rating 84.40 [+]
Military Expenditure 37559.90 36934.40 37559.90 182.70 USD Million [+]
Government Spending To GDP 32.26 32.30 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
60505.20 59634.50 60505.20 2742.81 1960 - 2018 KRW Billion Quarterly
Constant Prices, SA




Country Last Previous
Argentina 97236.00 Jun/18
Australia 87057.00 Sep/18
Brazil 105318.73 Oct/18
Canada 417220.00 Sep/18
China 203330.00 Dec/17
Euro Area 542.69 Sep/18
France 136130.00 Sep/18
Germany 142.29 Sep/18
India 4216.64 Sep/18
Indonesia 205839.31 Sep/18
Italy 78350.00 Sep/18
Japan 107015.20 Sep/18
Mexico 2196413.00 Jun/18
Netherlands 44573.00 Sep/18
Russia 3972.90 Jun/18
Saudi Arabia 183426.00 Jun/18
Singapore 10674.70 Sep/18
South Africa 643704.00 Sep/18
South Korea 60505.20 Sep/18
Spain 56107.00 Sep/18
Switzerland 19864.58 Sep/18
Turkey 58201812.20 Sep/18
United Kingdom 92514.00 Sep/18
United States 3192.17 Sep/18


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