Commercial users: see the World Economic Database from our partners at Anansi Data Analytics

South Korea: Government expenditure (% of GDP)

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

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 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

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 (% of GDP) 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 →

GMD release 2026_09 · License & terms