South Korea Government Budget 1988-2017 | Data | Chart | Calendar

South Korea recorded a Government Budget deficit equal to 3 percent of the country's Gross Domestic Product in 2015. Government Budget in South Korea averaged -0.31 percent of GDP from 1988 until 2015, reaching an all time high of 3.47 percent of GDP in 2007 and a record low of -4.10 percent of GDP in 2009.

South Korea Government Budget
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South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.60 37.80 38.60 8.24 percent [+]
Government Budget -2.40 -3.00 3.47 -4.10 percent of GDP [+]
Government Budget Value 12656.00 17381.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 58078.80 56774.50 58078.80 2742.81 KRW Billion [+]
Government Revenues 309794.00 281785.00 371264.00 14987.00 KRW Billion [+]
Fiscal Expenditure 297138.00 264403.00 354354.00 7012.00 KRW Billion [+]
Credit Rating 84.40 [+]
Military Expenditure 37264.60 36432.70 37264.60 185.70 USD Million [+]
Asylum Applications 652.00 591.00 775.00 1.00 Persons [+]
Government Spending To Gdp 32.30 31.98 34.90 18.60 percent [+]


South Korea Government Budget

Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - South Korea Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Budget - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-2.40 -3.00 3.47 -4.10 1988 - 2016 percent of GDP Yearly




government budget by Country
Country Last
Australia -2.40 Dec/16
Brazil -8.90 Dec/16
Canada -0.90 Dec/17
China -3.80 Dec/16
Euro Area -1.50 Dec/16
France -3.40 Dec/16
Germany 0.80 Dec/16
India -3.50 Dec/16
Indonesia -2.46 Dec/16
Italy -2.40 Dec/16
Japan -4.50 Dec/16
Mexico -2.60 Dec/16
Netherlands 0.40 Dec/16
Russia -3.40 Dec/16
South Korea -2.40 Dec/16
Spain -4.50 Dec/16
Switzerland 0.20 Dec/16
Turkey -1.10 Dec/16
United Kingdom -3.00 Dec/16
United States -3.50 Dec/17