South Korea Government Budget  1988-2016 | Data | Chart | Calendar

South Korea recorded a Government Budget deficit equal to 1.80 percent of the country's Gross Domestic Product in 2014. Government Budget in South Korea averaged -0.24 percent of GDP from 1988 until 2014, 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. Government Budget in South Korea is reported by the Statistics Korea.

South Korea Government Budget
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Actual Previous Highest Lowest Dates Unit Frequency
-1.80 -1.50 3.47 -4.10 1988 - 2014 percent of GDP Yearly
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 February of 2016.


South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 35.98 34.52 35.98 8.24 percent [+]
Government Budget -1.80 -1.50 3.47 -4.10 percent of GDP [+]
Government Budget Value 4115.00 -1476.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 54102.40 53550.70 54102.40 2742.81 KRW Billion [+]
Government Revenues 314318.00 290868.00 320895.00 14987.00 KRW Billion [+]
Fiscal Expenditure 310203.00 292344.00 312394.00 7012.00 KRW Billion [+]
Asylum Applications 287.00 287.00 287.00 4.00 Persons [+]
Credit Rating 84.15 [+]




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