* indicates monthly or quarterly data series
South Korea: Budget balance forecast, percent of GDP: For that indicator, International Monetary Fund provides data for South Korea from 1995 to 2023. The average value for South Korea during that period was 1.53 percent with a minumum of 0.02 percent in 2004 and a maximum of 4.12 percent in 2000. 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.