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

: For that indicator, we provide data for South Korea from 1995 to 2024. The average value for South Korea during that period was 1.04 percent with a minimum of -2.12 percent in 2023 and a maximum of 3.98 percent in 2000. The latest value from 2024 is -2.11 percent. For comparison, the world average in 2024 based on 80 countries is -2.36 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series
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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.
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