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South Korea: General government expenditure (% of GDP)

Percent of GDP · 1911–2024 · 102 observations · forecasts to 2031 · gen_govexp_GDP

2024
36.2%percent of GDP
Change on 2023
+1.0 pointsfrom 35.2%
Average, 2015–2024
32.8%10 years
Record high and low
37.1% (2022)low 3.27% (1918)

General government expenditure (% of GDP)

Report error
0%5%10%15%20%25%30%35%40%192019401960198020002020South KoreaSouth Korea
ForecastPercent of GDP

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

Recent values

Percent of GDP

YearValue
203134.2Forecast
203034.5Forecast
202934.8Forecast
202835.3Forecast
202735.6Forecast
202637.1Forecast
202537.5Forecast
202436.2
202335.2
202237.1
202135.4
202035.9
201932.0
201829.5
201728.8
201628.8
201529.0

Sources

  • Cha et al.1911–2015
  • IMF Fiscal Policy Panel1953–2023
  • OECD Economic Outlook1970–2025
  • IMF World Economic Outlook1995–2024
  • IMF Government Finance Statistics2007–2024
  • Asian Development Bank (archive)2012–2023
  • Asian Development Bank2012–2024
  • Min. of Economy and Finance, Korea2017–2024
  • IMF WEO (forecast)2024–2031
  • 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 →

General 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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