South Korea: Government expenditure
* indicates monthly or quarterly data series
The most recent value is 118311.3 billion South Korean Won as of Q4 2025, an increase compared to the previous value of 114237.7 billion South Korean Won. Historically, the average for South Korea from Q1 1960 to Q4 2025 is 25404.35 billion South Korean Won. The minimum of 8.34 billion South Korean Won was recorded in Q3 1960, while the maximum of 119197.4 billion South Korean Won was reached in Q2 2025.
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* indicates monthly or quarterly data series
- Measure: billion South Korean Won
- Source: OECD
| Recent values | South Korea: Government expenditure, billion currency units |
|---|---|
| 2025 Q4 | 118311.3 |
| 2025 Q3 | 114237.7 |
| 2025 Q2 | 119197.4 |
| 2025 Q1 | 118271.4 |
| 2024 Q4 | 111135.2 |
| 2024 Q3 | 108693.2 |
| 2024 Q2 | 114008.8 |
| 2024 Q1 | 113219.3 |
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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 | -0.78 | 2024 | percent |
| Primary budget balance | -0.70 | 2024 | percent |
| Government expenditure | 118,311.30 | Q4/2025 | billion |
| Long-term interest rate | 3.61 | 2/2026 | percent |
| Tax revenue | 15.72 | 2023 | percent |
| Commercial tax rate | 33.20 | 2019 | percent |
| Tax preparation time | 174 | 2019 | hours |
| Taxes on goods and services | 16.10 | 2023 | percent |
| Taxes on international trade | 1.09 | 2023 | percent |
| Income and profits taxes | 29.99 | 2023 | percent |
| Foreign aid | -55.10 | 1999 | million U.S. dollars |
| Government debt | 49.81 | 2024 | percent |
| Government debt in foreign currency, percent | 1.04 | 2023 | percent |
| Government debt held by non-residents | 19.11 | 2024 | percent |
| Sovereign debt average maturity | 9.91 | 2024 | percent |
| Short-term government debt | 8.76 | 2024 | percent |