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.
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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.
