(measure: billion U.S. dollars; Source: The World Bank)
* indicates monthly or quarterly data series
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 69.53 billion U.S. dollars with a minimum of 0.28 billion U.S. dollars in 1964 and a maximum of 296.29 billion U.S. dollars in 2020.
The latest value from 2020 is 296.29 billion U.S. dollars. For comparison, the world average in 2020 based on 128
countries is 60.60 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.