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South Korea: Central government expenditure (% of GDP)

Percent of GDP · 1953–2024 · 66 observations · forecasts to 2026 · cgovexp_GDP

2024
27.7%percent of GDP
Change on 2023
−0.6 pointsfrom 28.3%
Average, 2015–2024
26.1%10 years
Record high and low
31.3% (2022)low 12.4% (1964)

Central government expenditure (% of GDP)

Report error
10%15%20%25%30%35%1960197019801990200020102020South KoreaSouth Korea
ForecastPercent of GDP

Compare with other countries →Definition of Central government expenditure (% of GDP)

Recent values

Percent of GDP

YearValue
202628.8Forecast
202528.0Forecast
202427.7
202328.3
202231.3
202128.5
202028.0
201925.9
201823.6
201722.7
201622.3
201522.4

Sources

  • Mitchell1953–2009
  • World Development Indicators1972–2023
  • IMF Government Finance Statistics2012–2024
  • Min. of Economy and Finance, Korea2017–2024

Compare these sources →

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 (% of GDP) elsewhere

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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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