South Korea Government Budget  1988-2016 | 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 35.12 33.76 35.12 8.24 percent [+]
Government Budget -3.00 -2.00 3.47 -4.10 percent of GDP [+]
Government Budget Value 8186.00 8052.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 55591.10 54809.50 55591.10 2742.81 KRW Billion [+]
Government Revenues 286369.00 259308.00 339186.00 14987.00 KRW Billion [+]
Fiscal Expenditure 278183.00 243551.00 339351.00 7012.00 KRW Billion [+]
Military Expenditure 38639.60 37286.20 38639.60 15091.70 USD Million [+]
Credit Rating 84.40 [+]
Asylum Applications 482.00 625.00 773.00 1.00 Persons [+]
Government Spending To Gdp 32.00 31.80 34.90 18.60 percent [+]



South Korea Government Budget Notes

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 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-3.00 -2.00 3.47 -4.10 1988 - 2015 percent of GDP Yearly



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Chile -2.20 Dec/15
China -2.30 Dec/15
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Comoros -2.20 Dec/14
Congo -6.20 Dec/15
Costa Rica -5.60 Dec/15
Croatia -3.20 Dec/15
Cuba -5.70 Dec/15
Cyprus -1.00 Dec/15
Czech Republic -0.40 Dec/15
Denmark -2.10 Dec/15
Djibouti -2.60 Dec/14
Dominican Republic 0.15 Dec/15
East Timor -29.70 Dec/13
Ecuador -4.00 Dec/13
Egypt -11.50 Dec/15
El Salvador -3.43 Dec/14
Equatorial Guinea -7.20 Dec/14
Eritrea -10.70 Dec/14
Estonia 0.40 Dec/15
Ethiopia -2.00 Dec/15
Euro Area -2.10 Dec/15
European Union -2.40 Dec/15
Fiji -4.10 Dec/14
Finland -2.70 Dec/15
France -3.60 Dec/15
Gabon -2.10 Dec/15
Gambia -6.50 Sep/16
Georgia -3.70 Dec/15
Germany 0.70 Dec/15
Ghana -6.70 Dec/15
Greece -7.20 Dec/15
Guatemala -1.40 Dec/15
Guinea -7.30 Dec/15
Guinea Bissau -2.30 Dec/15
Guyana -1.40 Dec/15
Haiti 3.98 Dec/15
Honduras -4.40 Dec/14
Hong Kong 1.30 Dec/15
Hungary -1.90 Dec/15
Iceland -0.50 Dec/15
India -3.90 Dec/15
Indonesia -2.53 Dec/15
Iran -2.58 Dec/15
Iraq -2.69 Dec/14
Ireland -2.30 Dec/15
Israel -2.15 Dec/15
Italy -2.60 Dec/15
Ivory Coast -2.20 Dec/14
Jamaica -0.70 Dec/14
Japan -6.00 Dec/15
Jordan -3.50 Dec/15
Kazakhstan -1.20 Dec/14
Kenya -8.10 Dec/15
Kosovo -1.30 Dec/15
Kuwait 26.59 Dec/14
Kyrgyzstan -1.50 Dec/15
Laos -4.70 Dec/15
Latvia -1.30 Dec/15
Lebanon 5.35 Dec/15
Lesotho 0.50 Dec/15
Liberia -12.10 Dec/15
Libya -49.10 Dec/14
Lithuania -0.20 Dec/15
Luxembourg 1.20 Dec/15
Macedonia -3.50 Dec/15
Madagascar -3.40 Dec/15
Malawi -4.90 Dec/15
Malaysia -3.20 Dec/15
Maldives -6.90 Dec/15
Mali -3.60 Sep/15
Malta -1.50 Dec/15
Mauritania -3.40 Dec/14
Mauritius -3.60 Dec/14
Mexico -3.50 Dec/15
Moldova -2.20 Dec/15
Mongolia -3.10 Dec/15
Montenegro -7.00 Dec/15
Morocco -5.00 Dec/14
Mozambique -11.10 Dec/15
Myanmar -4.70 Dec/15
Namibia -5.20 Dec/15
Nepal -2.20 Dec/15
Netherlands -1.80 Dec/15
New Zealand 0.70 Dec/16
Nicaragua -1.60 Dec/15
Niger -6.90 Dec/15
Nigeria -1.60 Dec/15
Norway 5.70 Dec/15
Oman -17.10 Dec/15
Pakistan -5.30 Dec/15
Palestine 3.20 Dec/14
Panama -3.90 Dec/15
Papua New Guinea -3.20 Dec/15
Paraguay -1.50 Dec/15
Peru -2.10 Dec/15
Philippines -0.90 Dec/15
Poland -2.60 Dec/15
Portugal -4.40 Dec/15
Qatar 16.10 Dec/14
Republic of the Congo -3.50 Dec/15
Romania -0.70 Dec/15
Russia -2.60 Dec/15
Rwanda -4.80 Dec/15
Sao Tome and Principe -5.30 Dec/15
Saudi Arabia -15.00 Dec/15
Senegal -4.50 Dec/15
Serbia -2.90 Dec/15
Seychelles 1.20 Dec/15
Sierra Leone -3.10 Dec/15
Singapore -1.20 Dec/15
Slovakia -3.00 Dec/15
Slovenia -2.90 Dec/15
South Africa -4.20 Dec/15
South Korea -3.00 Dec/15
Spain -5.10 Dec/15
Sri Lanka -7.40 Dec/15
Sudan -1.60 Dec/15
Suriname -9.80 Dec/15
Swaziland -6.80 Dec/15
Sweden 0.00 Dec/15
Switzerland 0.00 Dec/15
Syria -11.40 Dec/12
Taiwan -1.50 Dec/15
Tajikistan 0.80 Dec/15
Tanzania -5.10 Dec/15
Thailand -2.50 Dec/15
Togo -5.30 Dec/15
Trinidad and Tobago -4.20 Dec/15
Tunisia -4.70 Dec/14
Turkey -1.20 Dec/15
Turkmenistan -1.00 Dec/15
Uganda -3.60 Dec/15
Ukraine -1.60 Dec/15
United Arab Emirates 5.00 Dec/14
United Kingdom -4.40 Dec/15
United States -3.20 Dec/16
Uruguay -2.10 Dec/15
Uzbekistan 0.10 Dec/15
Venezuela -11.50 Dec/13
Vietnam -5.40 Dec/15
Yemen -8.00 Dec/13
Zambia -8.10 Dec/15
Zimbabwe -1.70 Dec/15