South Korea: Government spending, percent of GDP

(measure: percent; source: The World Bank)

South Korea: Government spending as percent of GDP

: For that indicator, The World Bank provides data for South Korea from 1960 to 2014. The average value for South Korea during that period was 11.57 percent with a minumum of 8.27 percent in 1973 and a maximum of 15.17 percent in 2009.

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The government size of South Korea and other countries is calculated as the total government spending as percent of GDP. Government spending, percent of GDP rankings around the world. Create and download charts for South Korea Government spending, percent of GDP and other indicators with the country comparator.

World Bank definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.