Government Spending in South Korea increased to 85257 KRW Billion in the third quarter of 2021 from 84290.80 KRW Billion in the second quarter of 2021. source: The Bank of Korea

Government Spending in South Korea averaged 26313.79 KRW Billion from 1960 until 2021, reaching an all time high of 85257 KRW Billion in the third quarter of 2021 and a record low of 2925.40 KRW Billion in the third quarter of 1961. This page provides - South Korea Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Spending - values, historical data and charts - was last updated on January of 2022.

Government Spending in South Korea is expected to be 82389.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Government Spending is projected to trend around 89923.00 KRW Billion in 2023 and 92530.00 KRW Billion in 2024, according to our econometric models.

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South Korea Government Spending


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.
Actual Previous Highest Lowest Dates Unit Frequency
85257.00 84290.80 85257.00 2925.40 1960 - 2021 KRW Billion Quarterly
Constant Prices 2015, SA

Related Last Previous Unit Reference
Government Budget Value -22366.00 -19317.00 KRW Billion Nov/21
Government Spending 85257.00 84290.80 KRW Billion Sep/21
Government Revenues 494494.00 462814.00 KRW Billion Nov/21
Fiscal Expenditure 516860.00 482131.00 KRW Billion Nov/21
Government Spending To GDP 31.15 30.27 percent of GDP Dec/18