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South Korea: Government consumption

Millions of local currency · 1911–2025 · 103 observations · forecasts to 2027 · gcons

2025
470 trillionlocal currency
Change on 2024
+5.1%year on year
Average growth, 2015–2025
+6.5%a year
In US dollars, 2025
$331 billionUS dollars

Government consumption

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10M1B100B10T1,000T192019401960198020002020South KoreaSouth Korea
ForecastLocal currency

Compare with other countries →Definition of Government consumption

Recent values

Millions of local currency

YearValue
2027517,414,240Forecast
2026496,423,456Forecast
2025470,055,104
2024447,056,512
2023428,148,704
2022409,866,496
2021378,268,192
2020349,586,208
2019327,780,416
2018303,861,184
2017281,899,296
2016264,717,104

Sources

  • Cha et al.1911–2015
  • Penn World Table1953–2019
  • IMF International Financial Statistics1960–2025
  • OECD Economic Outlook1960–2025
  • World Development Indicators1960–2025
  • United Nations1970–2024
  • OECD Economic Outlook (forecast)2025–2027

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 →

Government consumption elsewhere

United StatesChinaJapanGermanyUnited KingdomFrance

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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