South Korea: Fiscal balance, percent of GDP
, 2013 - 2020:
For that indicator, we provide data for South Korea from 2013 to 2020. The average value for South Korea during that period was 0.15 percent with a minimum of -3.7 percent in 2020 and a maximum of 1.6 percent in 2018.
The latest value from 2020 is -3.7 percent. For comparison, the world average in 2020 based on 134
countries is -7.25 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.
