Government spending in South Korea was last recorded at 35.6 percent of GDP in 2023 . Government Spending to GDP in South Korea averaged 24.90 percent of GDP from 1970 until 2023, reaching an all time high of 37.02 percent of GDP in 2022 and a record low of 17.90 percent of GDP in 1973. source: The Bank of Korea



Related Last Previous Unit Reference
Fiscal Expenditure 457481.00 409437.00 KRW Billion Jul 2026
Government Budget Value -20076.00 -43901.00 KRW Billion Jul 2026
Government Revenues 437404.00 365536.00 KRW Billion Jul 2026
Government Spending 106276.00 104267.30 KRW Billion Sep 2026
Government Spending to GDP 35.60 37.02 percent of GDP Dec 2023


South Korea Government Spending To GDP
Actual Previous Highest Lowest Dates Unit Frequency
35.60 37.02 37.02 17.90 1970 - 2023 percent of GDP Yearly