Korea (South Korea) General government total expenditure (% of GDP) Statistics

23, May 2019, EDT.

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Country or Region: Korea (South Korea) › Change country
Economic Indicator: General government total expenditure (% of GDP) › See all Korea indicators, › See General government total expenditure (% of 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

Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. See notes for: General government total expenditure (National currency).

General government total expenditure (% of GDP) Statistics for Korea (South Korea), Year 2015 - In Detail

General government total expenditure (% of GDP) for Korea in year 2015 is 21.093 %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

This makes Korea No. 163 in world rankings according to General government total expenditure (% of GDP) in year 2015. The world's average General government total expenditure (% of GDP) value is 33.88 %; Korea is 12.79 less than the average.

In the previous year, 2014, General government total expenditure (% of GDP) for Korea was 20.79 % General government total expenditure (% of GDP) for Korea in 2015 was or will be 1.44% more than it was or will be in 2014.

In the following or forecasted year, 2016, General government total expenditure (% of GDP) for Korea was or will be 20.59 %, which is 2.37% less than the 2015 figure.

* Source: IMF
General government total expenditure (% of GDP) for Korea, in other Years
Year %
  2021 18.693
  2020 18.793
  2019 18.893
  2018 19.493
  2017 20.093
  2016 20.593
2015 21.093
  2014 20.793
  2013 20.899
  2012 20.561
  2011 19.875
  2010 19.472
  2009 21.296
  2008 20.805
  2007 20.455
  2006 20.258
  2005 19.642
  2004 19.912
  2003 19.129
  2002 16.955
  2001 18.038
  2000 17.044
  1999 17.159
  1998 17.022
  1997 14.663
  1996 14.819
  1995 14.244
  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