South Korea: Government spending, in dollars

South Korea: Government spending, billion USD

: For that indicator, we provide data for South Korea from 1960 to 2018. The average value for South Korea during that period was 60.51 billion U.S. dollars with a minimum of 0.28 billion U.S. dollars in 1964 and a maximum of 260.53 billion U.S. dollars in 2018. The latest value from 2018 is 260.53 billion U.S. dollars. For comparison, the world average in 2018 based on 153 countries is 88985144482.77 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.