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

20, Apr 2019, EDT.

Welcome to the beta version of Econ Stats, the Economic Statistics Database service provided by EconomyWatch.com.

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: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
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 or Treasury Latest actual data: 2014 Fiscal assumptions: The medium-term forecast incorporates the government?s announced medium-term consolidation path. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2001 Basis of recording: Cash General government includes: Central Government;. For government gross/net debt only, general government includes central government and local government, starting from 2001. Valuation of public debt: Nominal value Primary domestic currency: Korean won Data last updated: 03/2016

General Government Structural Balance (National Currency) Statistics for Korea (South Korea), Year 2015 - In Detail

General Government Structural Balance (National Currency) for Korea is KRW 1,405.08 Billion. 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.

In the previous year, 2014, General Government Structural Balance (National Currency) for Korea was KRW 9,066.93 Billion General Government Structural Balance (National Currency) for Korea in 2015 was or will be 84.50% less than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (National Currency) for Korea was or will be KRW 10,057.95 Billion, which is 615.83% more than the 2015 figure.

* Source: IMF
General Government Structural Balance (National Currency) for Korea, in other Years
Year Billion
  2021 39,418.93
  2020 37,045.15
  2019 34,720.98
  2018 23,583.63
  2017 13,468.80
  2016 10,057.95
2015 1,405.08
  2014 9,066.93
  2013 11,461.02
  2012 22,069.03
  2011 19,969.55
  2010 17,552.47
  2009 14,334.32
  2008 14,377.30
  2007 17,818.83
  2006 8,859.68
  2005 8,138.55
  2004 208.781
  2003 12,987.48
  2002 23,405.11
  2001 18,382.70
  2000 26,106.51
  1999 8,717.99
  1998 12,850.87
  1997 9,725.49
  1996 9,259.85
  1995 8,612.78
  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