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South Korea Government Budget: Revenues and Spending

South Korea Government Budget Data

Indicator Data Period
Government Budget Value -20477 KRW Billion | -18.007 B USD May/21
Government Spending 81349 KRW Billion | 71.535 B USD 1Q/21
Government Revenues 247759 KRW Billion | 217.869 B USD May/21
Government Budget to GDP -6.1 % 2020
Government Spending to GDP 31.15 % 2018


Latest data on Government Budget Value (KRW Billion)

Government Budget Value
                     South Korea - Historical Data (KRW Billion)

How much is South Korea Government Budget?

  • The deficit of government budget in South Korea decreased to 20477 KRW Billion (18.007 B USD) in May 2021. The maximum surplus was 42914 KRW Billion and deficit was -89971 KRW Billion.
  • Data published Monthly by Central Bank.

Historical Data (KRW Billion) by years

Data
Period
Date
-20477 May/21 10.07.2021
-16347 Apr/21 12.06.2021
-30104 Mar/21 15.05.2021
-12694 Feb/21 10.04.2021
3442 Jan/21 13.03.2021
-63264 Nov/20 16.01.2021
-58956 Oct/20 12.12.2020
-80461 Sep/20 14.11.2020


Historical Chart by presidents (KRW Billion)

Government Budget Value in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Mun Jaei-n 10.05.2017 - 11291.0000 244.0000 29177.0000 244.0000 -97.84%
Park Geun-hye 25.02.2013 - 10.05.2017 -9317.0000 9070.0000 21010.0000 -28619.0000 -197.35%
Lee Myung-bak 25.02.2008 - 25.02.2013 8846.0000 5164.0000 32706.0000 -25812.0000 -41.62%
Roh Moo-hyun 25.02.2003 - 25.02.2008 7518.0000 16623.0000 42914.0000 -11236.0000 121.11%
Kim Dae-jung 25.02.1998 - 25.02.2003 -13065.0000 6994.0000 34084.0000 -13065.0000 -153.53%


Latest data on Government Spending (KRW Billion)

Government Spending
                     South Korea - Historical Data (KRW Billion)

What is current South Korea Government Spending?

  • Government Spending in South Korea increased to 81349 KRW Billion (71.535 B USD) in the first quarter of 2021. The maximum volume was 81349 KRW Billion and minimum was 2925 KRW Billion
  • Data published Quarterly by Central Bank.

Historical Data (KRW Billion) by years

Data
Period
Date
81349 1Q/21 01.05.2021
79988 4Q/20 30.01.2021
80247 3Q/20 29.10.2020
80152 2Q/20 23.07.2020
79429 1Q/20 25.04.2020
78782 4Q/19 22.01.2020
76796 3Q/19 29.10.2019
74118.602 1Q/19 04.06.2019


Historical Chart by presidents (KRW Billion)

Government Spending in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Mun Jaei-n 10.05.2017 - 56774.5000 59609.0000 59609.0000 56774.5000 4.99%
Park Geun-hye 25.02.2013 - 10.05.2017 49052.4000 56167.8000 56167.8000 49052.4000 14.51%
Lee Myung-bak 25.02.2008 - 25.02.2013 40882.5000 48451.1000 48451.1000 40882.5000 18.51%
Roh Moo-hyun 25.02.2003 - 25.02.2008 31681.3000 40786.0000 40786.0000 31681.3000 28.74%
Kim Dae-jung 25.02.1998 - 25.02.2003 25535.4000 31419.2000 31419.2000 25535.4000 23.04%
Kim Youngs-am 25.02.1993 - 25.02.1998 21000.5000 25449.2000 25449.2000 21000.5000 21.18%
Roh Tae-woo 25.02.1988 - 25.02.1993 14327.4000 20878.5000 20878.5000 14327.4000 45.72%


Latest data on Government Revenues (KRW Billion)

Government Revenues
                     South Korea - Historical Data (KRW Billion)

How much is South Korea Government Revenue?

  • Government Revenues in South Korea increased to 247759 KRW Billion (217.869 B USD) in May 2021. The maximum volume was 443853 KRW Billion and minimum was 14987 KRW Billion
  • Data published Monthly by Central Bank.

Historical Data (KRW Billion) by years

Data
Period
Date
247759 May/21 10.07.2021
206719 Apr/21 12.06.2021
143996 Mar/21 15.05.2021
92518 Feb/21 10.04.2021
55261 Jan/21 13.03.2021
408760 Nov/20 16.01.2021
382798 Oct/20 12.12.2020
330364 Sep/20 14.11.2020


Historical Chart by presidents (KRW Billion)

Government Revenues in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Mun Jaei-n 10.05.2017 - 160798.0000 160798.0000 160798.0000 160798.0000 0.00%


Latest data on Government Budget to GDP (%)

Government Budget to GDP
                     South Korea - Historical Data (%)

What is the deficit of South Korea Government Budget?

  • The deficit of Current Account to GDP in South Korea decreased to 6.1 % in 2020. The maximum surplus was 3.47 % and deficit was -6.1 %.
  • Data published Yearly by Statistics.

Historical Data (%) by years

Data
Period
Date
-6.1 2020 04.06.2021
-2.6 2019 19.07.2020
-1.6 2018 04.07.2019


Historical Chart by presidents (%)

Government Budget to GDP in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Government Spending to GDP (%)

Government Spending to GDP
                     South Korea - Historical Data (%)

What is South Korea government spending ratio to GDP?

  • Government Spending to GDP in South Korea increased to 31.15 % in 2018. The maximum level was 32.28 % and minimum was 17.9 %.
  • Data published Yearly by Central Bank.

Historical Data (%) by years

Data
Period
Date
31.15 2018 25.02.2021
30.27 2017 09.03.2020
32.26 2016 04.07.2019


Historical Chart by presidents (%)

Government Spending to GDP in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other budget indicators in South Korea

Index Updated Actual Previous
Government Debt to GDP 2020 42.6 % 36.4
Fiscal Expenditure  May/21 235.876 B USD 196.155
Military Expenditure 2020 46.056 B USD 43.891

Government Budget to GDP in other countries

Country Updated Actual Previous
Bangladesh 2020 -5.35 % -4.8
Jordan 2020 -7 % -3.3
Kyrgyzstan 2021 0.8 % -2.7
Mongolia 2020 -11.5 % 0.9
Nepal 2019 -5.4 % -10.1
Palestine 2019 -0.5 % 1.2
Tajikistan 2019 -0.5 % -0.3
Cambodia 2020 -2.6 % 0.5
China 2020 -3.7 % -2.8
Georgia 2020 -9.3 % -2.7
India 2020 -9.4 % -4.6
Israel 2020 -11.7 % -3.7
Pakistan 2020 -8.1 % -9.1
South Korea 2020 -6.1 % -2.6
Taiwan 2020 -4.5 % -1.3
Vietnam 2020 -5.8 % -4.4
Maldives 2020 -27.5 % -6.6
Armenia 2019 -1 % -1.8
Hong Kong 2020 -12 % -1.3
Indonesia 2020 -6.5 % -2.2
Japan 2020 -10.3 % -3.1
Kazakhstan 2020 -4 % -1.8
Lebanon 2020 -16.5 % -10.5
Malaysia 2020 -3.2 % -3.4
Philippines 2020 -7.5 % -3.4
Qatar 2020 -2.1 % 1
Singapore 2020 -13.9 % -0.3
Sri Lanka 2019 -6.8 % -5.3
Thailand 2020 -6.1 % -1.8
Oman 2019 -7 % -9
Iran 2020 -9.5 % -5.5
Laos 2019 -3.2 % -4.6
Azerbaijan 2020 -2.4 % -0.3
Kuwait 2020 -9.4 % 4.4
Saudi Arabia 2020 -11.2 % -4.5
Bahrain 2020 -13.1 % -10.6
United Arab Emirates 2019 -0.8 % 2
Yemen 2018 -4.4 % -4.8
Turkmenistan 2020 0.1 % -0.2
Uzbekistan 2020 -4.4 % -3.9
Iraq 2020 -17.5 % -0.9
Syria 2012 -11.4 % -1.14
Afghanistan 2020 -3.4 % -0.9
Bhutan 2020 -6.2 % -2
Brunei 2020 -2.7 % -4.99
Mauritius 2020 -13.6 % -3.2