Government Spending in South Korea increased to 75743.40 KRW Billion in the second quarter of 2019 from 74118.60 KRW Billion in the first quarter of 2019. Government Spending in South Korea averaged 23837.47 KRW Billion from 1960 until 2019, reaching an all time high of 75743.40 KRW Billion in the second quarter of 2019 and a record low of 2742.81 KRW Billion in the third quarter of 1961.
Government Spending in South Korea is expected to be 73552.00 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 75527.00 in 12 months time. In the long-term, the South Korea Government Spending is projected to trend around 78071.00 KRW Billion in 2020, according to our econometric models.