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South Korea: Central government deficit

Millions of local currency · 1954–2024 · 71 observations · forecasts to 2026 · cgovdef

2024
−45.6 trillionlocal currency

Central government deficit

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-60T-40T-20T020T40T60T1960197019801990200020102020South KoreaSouth Korea
ForecastLocal currency

Compare with other countries →Definition of Central government deficit

Recent values

Millions of local currency

YearValue
2026-55,561,174Forecast
2025-21,691,321Forecast
2024-45,645,557
2023-24,563,029
2022-40,616,112
2021-16,068,228
2020-39,552,357
2019718,835
201845,856,928
201734,715,409
201632,682,708
201512,679,009

Sources

This series is derived from other GMD variables.

South Korea documentation (PDF)

More for South Korea

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

Central government deficit elsewhere

United StatesJapanGermanyUnited KingdomFranceIndia

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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