Government spending in South Korea was last recorded at 37.0 percent of GDP in 2022 . Government Spending to GDP in South Korea averaged 25.06 percent of GDP from 1970 until 2022, reaching an all time high of 38.10 percent of GDP in 2020 and a record low of 17.90 percent of GDP in 1973. source: The Bank of Korea



Related Last Previous Unit Reference
Fiscal Expenditure 371950.00 300943.00 KRW Billion Jun 2025
Government Budget Value -68595.00 -35502.00 KRW Billion Jun 2025
Government Revenues 303355.00 265441.00 KRW Billion Jun 2025
Government Spending 102260.50 101054.80 KRW Billion Jun 2025
Government Spending to GDP 37.02 37.75 percent of GDP Dec 2022



South Korea Government Spending To GDP
Actual Previous Highest Lowest Dates Unit Frequency
37.02 37.75 38.10 17.90 1970 - 2022 percent of GDP Yearly