South Korea: Government expenditure

* indicates monthly or quarterly data series
 South Korea

Government expenditure, billion currency units

 Latest value 102117.3
 Reference Q3 2023
 Measure billion South Korean Won
 Data availability Q1 1960 - Q3 2023
 Average 22338.06
 Min - Max 8.35 - 109840.1
 Source Korean Statistical Information Service
For that indicator, we provide data for South Korea from Q1 1960 to Q3 2023. The average value for South Korea during that period was 22338.06 billion South Korean Won with a minimum of 8.35 billion South Korean Won in Q3 1960 and a maximum of 109840.1 billion South Korean Won in Q1 2023. Click on the following link to see the values of Government expenditure, billion currency units around the world.
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* indicates monthly or quarterly data series


Recent values chart
South Korea - Government expenditure - recent values

Historical chart
South Korea - Government expenditure - historical chart - 1960-2023
Measure: billion South Korean Won
Source: Korean Statistical Information Service


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

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 18.77 2022 percent
 Government spending, in dollars 314.15 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -3.00 2022 percent
 Government debt 49.40 2022 percent
 Government expenditure 102,117.30 Q3/2023 billion
 Long-term government bond yield 3.95 9/2023 percent
 Tax revenue 16.73 2021 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 18.68 2021 percent
 Taxes on international trade 1.38 2021 percent
 Income and profits taxes 30.40 2021 percent
 Foreign aid -71.54 2004 million U.S. dollars
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