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Korea (South Korea) General Government Structural Balance (National Currency) Statistics

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Country or Region: Korea (South Korea) › Change country
Economic Indicator: General Government Structural Balance (National Currency) › See all Korea indicators, › See General Government Structural Balance (National Currency) data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
Data Source: International Monetary Fund (IMF)
National or Regional Currency: South Korean Won
Currency Symbol: KRW

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. Source: Ministry of Finance Latest actual data: 2009 Fiscal assumptions: The fiscal projections assume that fiscal policies will be implemented in 2011 as announced by the government. The projection for 2010 is mainly based on the outturn as of November 2010, assuming that the first 11 months had collected/used about 92 percent of total revenue/expenditure. As a result, the fiscal impulse is projected to be -3 percent of GDP in 2010. Expenditure numbers for 2011 are broadly in line with the government?s budget. Revenue projections reflect the IMF staff?s macroeconomic assumptions, adjusted for the tax measures included in the multiyear stimulus package introduced in 2009 and discretionary revenue-raising measures included in the 2010 budget. The medium-term projections assume that the gove

General Government Structural Balance (National Currency) Statistics for Korea (South Korea), Year 2010 - In Detail

General Government Structural Balance (National Currency) for Korea is KRW 29,010.58 Billion.

In the previous year, 2009, General Government Structural Balance (National Currency) for Korea was KRW 8,577.02 Billion General Government Structural Balance (National Currency) for Korea in 2010 was or will be 238.24% more than it was or will be in 2009.

In the following or forecasted year, 2011, General Government Structural Balance (National Currency) for Korea was or will be KRW 31,105.89 Billion, which is 7.22% more than the 2010 figure.

* Source: IMF
General Government Structural Balance (National Currency) for Korea, in other Years
Year Billion
  2016 55,933.16
  2015 53,253.51
  2014 47,933.65
  2013 43,182.88
  2012 37,447.04
  2011 31,105.89
2010 29,010.58
  2009 8,577.02
  2008 19,053.59
  2007 40,905.92
  2006 21,184.72
  2005 19,986.31
  2004 19,223.15
  2003 17,717.05
  2002 14,099.82
  2001 12,459.62
  2000 20,483.49
  1999 n/a
  1998 n/a
  1997 n/a
  1996 n/a
  1995 n/a
  1994 n/a
  1993 n/a
  1992 n/a
  1991 n/a
  1990 n/a
  1989 n/a
  1988 n/a
  1987 n/a
  1986 n/a
  1985 n/a
  1984 n/a
  1983 n/a
  1982 n/a
  1981 n/a
  1980 n/a