South Korea: Government spending, billion USD, 1960 - 2020:
For that indicator, we provide data for South Korea from 1960 to 2020. The average value for South Korea during that period was 69.51 billion U.S. dollars with a minimum of 0.28 billion U.S. dollars in 1964 and a maximum of 295.8 billion U.S. dollars in 2020.
The latest value from 2020 is 295.8 billion U.S. dollars. For comparison, the world average in 2020 based on 149
countries is 97.58 billion U.S. dollars.
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* indicates monthly or quarterly data series
Recent values
Longer historical series
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.