South Korea: Fiscal balance, percent of GDP

(measure: percent; Source: Ministry of Finance)
* indicates monthly or quarterly data series

South Korea: Fiscal balance, percent of GDP

: For that indicator, we provide data for South Korea from 2013 to 2019. The average value for South Korea during that period was 0.7 percent with a minimum of -0.6 percent in 2019 and a maximum of 1.6 percent in 2018. The latest value from 2019 is -0.6 percent. For comparison, the world average in 2019 based on 157 countries is -1.64 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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