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South Korea: Government deficit (% of GDP)

Percent of GDP · 1953–2025 · 73 observations · forecasts to 2031 · govdef_GDP

2025
−2.50%percent of GDP
Change on 2024
−1.0 pointsfrom −1.47%
Average, 2016–2025
0.0585%10 years
Record high and low
3.99% (2000)low −10.6% (1955)

Government deficit (% of GDP)

Report error
-12%-10%-8%-6%-4%-2%0%2%4%19601970198019902000201020202030South KoreaSouth Korea
ForecastPercent of GDP

Compare with other countries →Definition of Government deficit (% of GDP)

Recent values

Percent of GDP

YearValue
2031-1.08Forecast
2030-1.09Forecast
2029-1.08Forecast
2028-1.28Forecast
2027-2.07Forecast
2026-2.14Forecast
2025-2.50
2024-1.47
2023-0.865
2022-0.00804
2021-0.315
2020-2.58
20190.906
20182.85
20172.49
20162.07

Sources

This series is derived from other GMD variables.

South Korea documentation (PDF)

More for South Korea

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

Government deficit (% 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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