South Korea Government Spending  1960-2017 | Data | Chart | Calendar

Government Spending in South Korea increased to 56152 KRW Billion in the first quarter of 2017 from 55890.80 KRW Billion in the fourth quarter of 2016. Government Spending in South Korea averaged 20481.87 KRW Billion from 1960 until 2017, reaching an all time high of 56152 KRW Billion in the first quarter of 2017 and a record low of 2742.81 KRW Billion in the third quarter of 1961.

South Korea Government Spending
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South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.80 35.90 37.80 8.24 percent [+]
Government Budget -3.00 -2.00 3.47 -4.10 percent of GDP [+]
Government Budget Value -3918.00 4008.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 56152.00 55890.80 56152.00 2742.81 KRW Billion [+]
Government Revenues 106216.00 68900.00 371264.00 14987.00 KRW Billion [+]
Fiscal Expenditure 110134.00 64892.00 354354.00 7012.00 KRW Billion [+]
Military Expenditure 38639.60 37286.20 38639.60 15091.70 USD Million [+]
Credit Rating 84.40 [+]
Asylum Applications 611.00 592.00 773.00 1.00 Persons [+]
Government Spending To Gdp 32.00 31.80 34.90 18.60 percent [+]


South Korea Government Spending Notes

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - South Korea Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Spending - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
56152.00 55890.80 56152.00 2742.81 1960 - 2017 KRW Billion Quarterly
Constant Prices, SA



government spending by Country

Last
Australia 77999.00 Dec/16
Brazil 98547.60 Mar/17
Canada 351614.00 Dec/16
China 187841.00 Dec/16
Euro Area 531.23 Dec/16
France 130096.00 Mar/17
Germany 139.03 Dec/16
India 3165.95 Dec/16
Indonesia 142202.92 Mar/17
Italy 78635.41 Dec/16
Japan 106255.10 Mar/17
Mexico 1623290.00 Dec/16
Netherlands 42042.00 Mar/17
Russia 2686.80 Dec/16
South Korea 56152.00 Mar/17
Spain 52909.00 Mar/17
Switzerland 18297.50 Dec/16
Turkey 62216677.90 Dec/16
United Kingdom 91294.00 Dec/16
United States 2895.20 Mar/17