South Korea: Government spending, in dollars

For that indicator, we provide data for South Korea from 1960 to 2021. The average value for South Korea during that period was 73.71 billion U.S. dollars with a minimum of 0.28 billion U.S. dollars in 1964 and a maximum of 328.87 billion U.S. dollars in 2021. The latest value from 2021 is 328.87 billion U.S. dollars. For comparison, the world average in 2021 based on 154 countries is 104.53 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.