South Korea: Fiscal balance, percent of GDP

For that indicator, we provide data for South Korea from 2013 to 2022. The average value for South Korea during that period was -0.33 percent with a minimum of -3.7 percent in 2020 and a maximum of 1.6 percent in 2018. The latest value from 2022 is -3 percent. For comparison, the world average in 2022 based on 127 countries is -2.90 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.