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South Korea: Government expenditure

Millions of local currency · 1911–2025 · 103 observations · forecasts to 2031 · govexp

2025
984 trillionlocal currency
Change on 2024
+9.8%year on year
Average growth, 2015–2025
+6.9%a year

Government expenditure

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10M1B100B10T1,000T192019401960198020002020South KoreaSouth Korea
ForecastLocal currency

Compare with other countries →Definition of Government expenditure

Recent values

Millions of local currency

YearValue
20311,224,075,297Forecast
20301,188,437,634Forecast
20291,154,384,438Forecast
20281,121,268,588Forecast
20271,086,420,040Forecast
20261,045,488,318Forecast
2025984,223,159
2024896,728,097
2023857,968,715
2022860,973,481
2021787,203,472
2020739,942,183
2019652,669,894
2018592,228,578
2017557,525,879
2016528,191,997

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 expenditure elsewhere

United StatesChinaJapanGermanyUnited KingdomFrance

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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