South Korea: Government expenditure

* indicates monthly or quarterly data series
The most recent value is 106513 billion South Korean Won as of Q3 2024, a decline compared to the previous value of 112575.5 billion South Korean Won. Historically, the average for South Korea from Q1 1960 to Q3 2024 is 23687.84 billion South Korean Won. The minimum of 8.35 billion South Korean Won was recorded in Q3 1960, while the maximum of 112575.5 billion South Korean Won was reached in Q2 2024. Click on the following link to see the values of: Government expenditure around the world.
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* indicates monthly or quarterly data series

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  • Measure: billion South Korean Won
  • Source: Korean Statistical Information Service

Recent values South Korea: Government expenditure, billion currency units
2024  Q3 106513
2024  Q2 112575.5
2024  Q1 111363.3
2023  Q4 104008.8
2023  Q3 101925.6
2023  Q2 107645.8
2023  Q1 109553
2022  Q4 103569.9


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Definition: Total spending by all levels of government but excluding public enterprises.

 Related indicators Latest Reference Measure
 Government spending, percent of GDP 18.90 2023 percent
 Government spending, in dollars 323.69 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -1.60 2023 percent
 Government debt 46.90 2023 percent
 Government expenditure 106,513.00 Q3/2024 billion
 Long-term interest rate 2.77 12/2024 percent
 Tax revenue 18.44 2022 percent
 Commercial tax rate 33.20 2019 percent
 Tax preparation time 174 2019 hours
 Number of taxes 12 2019 taxes
 Taxes on goods and services 16.89 2022 percent
 Taxes on international trade 1.40 2022 percent
 Income and profits taxes 33.88 2022 percent
 Foreign aid -71.54 2004 million U.S. dollars
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