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 594398.00 557058.00 KRW Billion Nov 2025
Government Budget Value -43259.00 -43978.00 KRW Billion Nov 2025
Government Revenues 551139.00 513080.00 KRW Billion Nov 2025
Government Spending 104994.90 103620.70 KRW Billion Dec 2025
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