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South Korea: Government deficit

Millions of local currency · 1953–2024 · 72 observations · forecasts to 2031 · govdef

2024
−80.5 trillionlocal currency

Government deficit

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-100T-80T-60T-40T-20T020T40T60T19601970198019902000201020202030South KoreaSouth Korea
ForecastLocal currency

Compare with other countries →Definition of Government deficit

Recent values

Millions of local currency

YearValue
2031-36,640,006Forecast
2030-35,538,990Forecast
2029-34,022,596Forecast
2028-38,474,341Forecast
2027-38,089,183Forecast
2026-59,814,808Forecast
2025-74,637,498Forecast
2024-80,517,573
2023-16,977,000
2022-186,900
2021-6,997,600
2020-53,009,701
201918,478,900
201857,247,104
201748,107,499
201637,922,202
201519,006,100

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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