South Korea: Government consumption
Millions of local currency · 1911–2025 · 103 observations · forecasts to 2026 · gcons
- 2025
- 462 trillionlocal currency
- Change on 2024
- +4.8%year on year
- Average growth, 2015–2025
- +6.3%a year
- In US dollars, 2025
- $325 billionUS dollars
Government consumption
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Recent values
Millions of local currency
| Year | Value | |
|---|---|---|
| 2026 | 476,600,000 | Forecast |
| 2025 | 462,000,000 | |
| 2024 | 440,700,000 | |
| 2023 | 423,100,000 | |
| 2022 | 409,900,000 | |
| 2021 | 378,300,000 | |
| 2020 | 349,600,000 | |
| 2019 | 327,800,000 | |
| 2018 | 303,900,000 | |
| 2017 | 281,900,000 | |
| 2016 | 264,700,000 |
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
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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