(measure: percent; Source: International Monetary Fund)
* indicates monthly or quarterly data series
South Korea: Budget balance forecast, percent of GDP
For that indicator, we provide data for South Korea from to . The average value for South Korea during that period was 1.2 percent with a minimum of -1.356 percent in 2024 and a maximum of 4.015 percent in 2000.
The latest value from is percent. For comparison, the world average in based on
countries is 0.00 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Definition: The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle.