
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.
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* indicates monthly or quarterly data series
- 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 |