South Korea: Budget balance forecast

(measure: percent; Source: International Monetary Fund)
* indicates monthly or quarterly data series

South Korea: Budget balance forecast, percent of GDP

, 1995 - 2026: For that indicator, we provide data for South Korea from 1995 to 2026. The average value for South Korea during that period was 0.74 percent with a minimum of -2.44 percent in 2021 and a maximum of 4.02 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.
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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. The series includes actual historical values for past years and forecast values for the current and the next few years.
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