Government spending in South Korea was last recorded at 31.2 percent of GDP in 2018 . source: The Bank of Korea

Government Spending To GDP in South Korea averaged 24.11 percent of GDP from 1970 until 2018, reaching an all time high of 32.28 percent of GDP in 2009 and a record low of 17.90 percent of GDP in 1973. This page provides - South Korea Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Spending To GDP - values, historical data and charts - was last updated on November of 2021.

Government Spending To GDP in South Korea is expected to reach 39.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Government Spending To GDP is projected to trend around 39.00 percent of GDP in 2022, according to our econometric models.

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South Korea Government Spending To GDP


Related Last Previous Unit Reference
Government Budget Value -29648.00 -29802.00 KRW Billion Sep/21
Government Spending 85257.00 84290.80 KRW Billion Sep/21
Government Revenues 417651.00 375514.00 KRW Billion Sep/21
Fiscal Expenditure 447300.00 405316.00 KRW Billion Sep/21
Government Spending To GDP 31.15 30.27 percent of GDP Dec/18