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Country or Region: Korea (South Korea) › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all Korea indicators, › See General Government Structural Balance (% Potential GDP) 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. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) for Korea in year 2010 is 2.48 %

This makes Korea No. 2 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2010. The world's average General Government Structural Balance (% Potential GDP) value is -0.95 %; Korea is 3.43 more than the average.

In the previous year, 2009, General Government Structural Balance (% Potential GDP) for Korea was 0.78 % General Government Structural Balance (% Potential GDP) for Korea in 2010 was or will be 217.14% more than it was or will be in 2009.

In the following or forecasted year, 2011, General Government Structural Balance (% Potential GDP) for Korea was or will be 2.47 %, which is 0.36% less than the 2010 figure.