
South Korea: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
South Korea |
Fiscal balance, percent of GDP |
---|---|
Latest value | -1.5 |
Reference | 2021 |
Measure | percent |
Source | Ministry of Economy and Finance of South Korea |
For that indicator, we provide data for South Korea from 2013 to 2021. The average value for South Korea during that period was -0.03 percent with a minimum of -3.7 percent in 2020 and a maximum of 1.6 percent in 2018.
The latest value from 2021 is -1.5 percent. For comparison, the world average in 2021 based on 128
countries is -4.41 percent.
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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.