South Korea: General government expenditure
Millions of local currency · 1911–2024 · 102 observations · forecasts to 2031 · gen_govexp
- 2024
- 928 trillionlocal currency
- Change on 2023
- +9.9%year on year
- Average growth, 2014–2024
- +6.9%a year
General government expenditure
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Compare with other countries →Definition of General government expenditure
Recent values
Millions of local currency
| Year | Value | |
|---|---|---|
| 2031 | 1,161,000,000 | Forecast |
| 2030 | 1,127,000,000 | Forecast |
| 2029 | 1,095,000,000 | Forecast |
| 2028 | 1,063,000,000 | Forecast |
| 2027 | 1,031,000,000 | Forecast |
| 2026 | 1,033,000,000 | Forecast |
| 2025 | 1,001,000,000 | Forecast |
| 2024 | 928,300,000 | |
| 2023 | 844,800,000 | |
| 2022 | 861,000,000 | |
| 2021 | 787,200,000 | |
| 2020 | 739,900,000 | |
| 2019 | 652,700,000 | |
| 2018 | 592,200,000 | |
| 2017 | 557,500,000 | |
| 2016 | 528,200,000 | |
| 2015 | 505,100,000 |
Sources
This series is derived from other GMD variables.
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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