South Korea: Fiscal balance, percent of GDP

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. 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.