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South Korea: Central government expenditure

Millions of local currency · 1953–2024 · 66 observations · forecasts to 2026 · cgovexp

2024
708 trillionlocal currency
Change on 2023
+3.8%year on year
Average growth, 2014–2024
+6.7%a year

Central government expenditure

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1B10B100B1T10T100T1,000T1960197019801990200020102020South KoreaSouth Korea
ForecastLocal currency

Compare with other countries →Definition of Central government expenditure

Recent values

Millions of local currency

YearValue
2026846,518,768Forecast
2025744,628,351Forecast
2024708,451,941
2023682,200,805
2022727,286,199
2021634,277,852
2020576,898,909
2019529,476,595
2018472,992,274
2017439,886,049
2016409,162,394
2015389,459,503

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 expenditure 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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