Korea (South Korea) General Government Structural Balance (% Potential GDP) Statistics

23, Feb 2019, EST.

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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: 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. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) Statistics for Korea (South Korea), Year 2015 - In Detail

General Government Structural Balance (% Potential GDP) for Korea in year 2015 is 0.09 %. 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.

This makes Korea No. 9 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; Korea is 0.98 more than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for Korea was 0.59 % General Government Structural Balance (% Potential GDP) for Korea in 2015 was or will be 84.67% less than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for Korea was or will be 0.63 %, which is 594.44% more than the 2015 figure.

* Source: IMF
General Government Structural Balance (% Potential GDP) for Korea, in other Years
Year %
  2021 1.924
  2020 1.89
  2019 1.854
  2018 1.321
  2017 0.793
  2016 0.625
2015 0.09
  2014 0.587
  2013 0.775
  2012 1.553
  2011 1.482
  2010 1.397
  2009 1.205
  2008 1.292
  2007 1.77
  2006 0.935
  2005 0.909
  2004 0.025
  2003 1.688
  2002 3.312
  2001 2.816
  2000 4.406
  1999 1.613
  1998 2.535
  1997 2.158
  1996 2.303
  1995 2.412
  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