South Korea Government Budget: Revenues and Spending
South Korea Government Budget Data
| Indicator | Data | Period |
|---|---|---|
| Government Budget Value | -50848 KRW Billion | -41.338 B USD | Nov/22 |
| Government Spending | 90145 KRW Billion | 73.285 B USD | 4Q/22 |
| Government Revenues | 544975 KRW Billion | 443.048 B USD | Nov/22 |
| Government Budget to GDP | -5.6 % | 2021 |
| Government Spending to GDP | 38.1 % | 2020 |
Latest data on Government Budget Value (KRW Billion)
How much is South Korea Government Budget?
- The deficit of government budget in South Korea decreased to 50848 KRW Billion (41.338 B USD) in November 2022. 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
| -50848 | Nov/22 | 14.01.2023 |
| -43058 | Oct/22 | 17.12.2022 |
| -52719 | Sep/22 | 19.11.2022 |
| -50639 | Aug/22 | 15.10.2022 |
| -56339 | Jul/22 | 17.09.2022 |
| -75011 | Jun/22 | 25.08.2022 |
| -48889 | May/22 | 16.07.2022 |
| -21317 | Apr/22 | 18.06.2022 |
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)
What is current South Korea Government Spending?
- Government Spending in South Korea increased to 90145 KRW Billion (73.285 B USD) in the forth quarter of 2022. 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
| 90145 | 4Q/22 | 28.01.2023 |
| 87475 | 3Q/22 | 29.10.2022 |
| 87638 | 2Q/22 | 30.07.2022 |
| 86413 | 1Q/22 | 30.04.2022 |
| 86269 | 4Q/21 | 29.01.2022 |
| 85257 | 3Q/21 | 26.10.2021 |
| 84291 | 2Q/21 | 31.07.2021 |
| 81349 | 1Q/21 | 01.05.2021 |
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)
How much is South Korea Government Revenue?
- Government Revenues in South Korea increased to 544975 KRW Billion (443.048 B USD) in November 2022. 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
| 544975 | Nov/22 | 14.01.2023 |
| 513411 | Oct/22 | 17.12.2022 |
| 460929 | Sep/22 | 19.11.2022 |
| 418615 | Aug/22 | 15.10.2022 |
| 376392 | Jul/22 | 17.09.2022 |
| 318786 | Jun/22 | 25.08.2022 |
| 281457 | May/22 | 16.07.2022 |
| 236310 | Apr/22 | 18.06.2022 |
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 (%)
What is the deficit of South Korea Government Budget?
- The deficit of Current Account to GDP in South Korea decreased to 5.6 % in 2021. The maximum surplus was 3.47 % and deficit was -6.1 %.
- Data published Yearly by Statistics.
Historical Data (%) by years
Data
Period
Date
| -5.6 | 2021 | 14.11.2022 |
| -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 (%)
What is South Korea government spending ratio to GDP?
- Government Spending to GDP in South Korea increased to 38.1 % in 2020. The maximum level was 32.28 % and minimum was 17.9 %.
- Data published Yearly by Central Bank.
Historical Data (%) by years
Data
Period
Date
| 38.1 | 2020 | 27.01.2023 |
| 33.87 | 2019 | 19.07.2022 |
| 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 | 2021 | 46.9 % | 42.6 |
| Fiscal Expenditure | Nov/22 | 484.386 B USD | 452.394 |
| Military Expenditure | 2021 | 50.227 B USD | 45.524 |
Government Budget to GDP in other countries
| Country | Updated | Actual | Previous |
| Bangladesh | 2021 | -6.23 % | -5.48 |
| Jordan | 2021 | -5.4 % | -7 |
| Kyrgyzstan | 2021 | -0.2 % | 0.5 |
| Mongolia | 2021 | -6.8 % | -11.5 |
| Nepal | 2021 | -6.3 % | -6.8 |
| Palestine | 2021 | 1.9 % | -0.7 |
| Tajikistan | 2021 | 0.2 % | 0.3 |
| Cambodia | 2020 | -2.6 % | 0.5 |
| China | 2021 | -3.1 % | -3.7 |
| Georgia | 2021 | -6 % | -9.3 |
| India | 2021 | -6.9 % | -9.5 |
| Israel | 2022 | 0.6 % | -4.4 |
| Pakistan | 2021 | -7.1 % | -8.1 |
| South Korea | 2021 | -5.6 % | -3.5 |
| Taiwan | 2021 | -0.5 % | -2.9 |
| Vietnam | 2021 | -3.41 % | 4 |
| Maldives | 2021 | -16.6 % | -23.5 |
| Armenia | 2021 | -4.6 % | -5.4 |
| Hong Kong | 2021 | -3.6 % | -12 |
| Indonesia | 2022 | -2.38 % | -4.65 |
| Japan | 2021 | -5.9 % | -9.3 |
| Kazakhstan | 2020 | -4 % | -1.8 |
| Lebanon | 2020 | -3.5 % | -10.4 |
| Malaysia | 2021 | -6.4 % | -6.2 |
| Philippines | 2021 | -8.6 % | -7.6 |
| Qatar | 2021 | 0.24 % | -2 |
| Singapore | 2021 | -0.9 % | -10.8 |
| Sri Lanka | 2021 | -12.2 % | -11.1 |
| Thailand | 2022 | -4.9 % | -9.1 |
| Oman | 2021 | -2.6 % | -16 |
| Iran | 2021 | -3.9 % | -9.5 |
| Laos | 2021 | -1.3 % | -5.2 |
| Azerbaijan | 2022 | -1 % | -1.1 |
| Kuwait | 2021 | -0.5 % | -12.8 |
| Saudi Arabia | 2021 | -2.3 % | -11.2 |
| Bahrain | 2021 | -35 % | -13.1 |
| United Arab Emirates | 2021 | 0.8 % | -4.9 |
| Yemen | 2018 | -4.4 % | -4.8 |
| Turkmenistan | 2021 | -0.3 % | 0.1 |
| Uzbekistan | 2021 | -6 % | -4.4 |
| Iraq | 2021 | -0.8 % | -12.8 |
| Syria | 2012 | -11.4 % | -1.14 |
| Afghanistan | 2021 | -4.5 % | -3.4 |
| Bhutan | 2021 | -6.3 % | -1.9 |
| Brunei | 2020 | -19.3 % | -5.6 |
| Mauritius | 2021 | -5 % | -5.6 |
