Annual government deficit/surplus, revenue, expenditure and main in Korea, Republic of
Korea, Republic of: Annual government deficit/surplus, revenue, expenditure and main was 247.05 million Domestic currency (incl. conversion to current currency made using a fixed parit in 2024. ◆ Volatile
Latest (2024)
247.05 million Domestic currency (incl. conversion to current currency made using a fixed parit
Change on year
up 5.1%
Rank
1st
of 8 groups
All-time high
247.05 million Domestic currency (incl. conversion to current currency made using a fixed parit
in 2024
All-time low
233,600 Domestic currency (incl. conversion to current currency made using a fixed parit
in 1970
Years of data
55
1970–2024
Annual government deficit/surplus, revenue, expenditure and main in Korea, Republic of, 1970–2024
Source: Organisation for Economic Co-operation and Development. Measured in Domestic currency (incl. conversion to current currency made using a fixed parit.
Analysis
Korea, Republic of recorded 247.05 million Domestic currency (incl. conversion to current currency made using a fixed parit for annual government deficit/surplus, revenue, expenditure and main in 2024. That is the highest value across all 55 years on record.
The figure is up 5.1% on the previous year and up 72.7% over ten years.
Over the whole period, annual government deficit/surplus, revenue, expenditure and main in Korea, Republic of peaked at 247.05 million Domestic currency (incl. conversion to current currency made using a fixed parit in 2024 and was at its lowest, 233,600 Domestic currency (incl. conversion to current currency made using a fixed parit, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government deficit/surplus, revenue, expenditure and main in Korea, Republic of, year by year
| Year | Domestic currency (incl. conversion to current currency made using a fixed parit | Change |
|---|---|---|
| 1970 | 233,600 Domestic currency (incl. conversion to current currency made using a fixed parit | — |
| 1971 | 284,300 Domestic currency (incl. conversion to current currency made using a fixed parit | +21.7% |
| 1972 | 346,800 Domestic currency (incl. conversion to current currency made using a fixed parit | +22.0% |
| 1973 | 384,100 Domestic currency (incl. conversion to current currency made using a fixed parit | +10.8% |
| 1974 | 520,700 Domestic currency (incl. conversion to current currency made using a fixed parit | +35.6% |
| 1975 | 732,300 Domestic currency (incl. conversion to current currency made using a fixed parit | +40.6% |
| 1976 | 1.10 million Domestic currency (incl. conversion to current currency made using a fixed parit | +50.1% |
| 1977 | 1.45 million Domestic currency (incl. conversion to current currency made using a fixed parit | +32.4% |
| 1978 | 1.85 million Domestic currency (incl. conversion to current currency made using a fixed parit | +27.2% |
| 1979 | 2.45 million Domestic currency (incl. conversion to current currency made using a fixed parit | +32.3% |
| 1980 | 3.23 million Domestic currency (incl. conversion to current currency made using a fixed parit | +31.9% |
| 1981 | 4.10 million Domestic currency (incl. conversion to current currency made using a fixed parit | +26.8% |
| 1982 | 4.86 million Domestic currency (incl. conversion to current currency made using a fixed parit | +18.6% |
| 1983 | 5.49 million Domestic currency (incl. conversion to current currency made using a fixed parit | +12.9% |
| 1984 | 6.02 million Domestic currency (incl. conversion to current currency made using a fixed parit | +9.6% |
| 1985 | 6.78 million Domestic currency (incl. conversion to current currency made using a fixed parit | +12.7% |
| 1986 | 7.65 million Domestic currency (incl. conversion to current currency made using a fixed parit | +12.7% |
| 1987 | 8.82 million Domestic currency (incl. conversion to current currency made using a fixed parit | +15.3% |
| 1988 | 10.38 million Domestic currency (incl. conversion to current currency made using a fixed parit | +17.7% |
| 1989 | 12.63 million Domestic currency (incl. conversion to current currency made using a fixed parit | +21.7% |
| 1990 | 15.35 million Domestic currency (incl. conversion to current currency made using a fixed parit | +21.6% |
| 1991 | 18.69 million Domestic currency (incl. conversion to current currency made using a fixed parit | +21.7% |
| 1992 | 22.05 million Domestic currency (incl. conversion to current currency made using a fixed parit | +18.0% |
| 1993 | 25.10 million Domestic currency (incl. conversion to current currency made using a fixed parit | +13.9% |
| 1994 | 28.95 million Domestic currency (incl. conversion to current currency made using a fixed parit | +15.3% |
| 1995 | 33.37 million Domestic currency (incl. conversion to current currency made using a fixed parit | +15.3% |
| 1996 | 38.04 million Domestic currency (incl. conversion to current currency made using a fixed parit | +14.0% |
| 1997 | 42.16 million Domestic currency (incl. conversion to current currency made using a fixed parit | +10.8% |
| 1998 | 44.87 million Domestic currency (incl. conversion to current currency made using a fixed parit | +6.4% |
| 1999 | 48.25 million Domestic currency (incl. conversion to current currency made using a fixed parit | +7.5% |
| 2000 | 51.94 million Domestic currency (incl. conversion to current currency made using a fixed parit | +7.7% |
| 2001 | 57.39 million Domestic currency (incl. conversion to current currency made using a fixed parit | +10.5% |
| 2002 | 62.93 million Domestic currency (incl. conversion to current currency made using a fixed parit | +9.6% |
| 2003 | 69.21 million Domestic currency (incl. conversion to current currency made using a fixed parit | +10.0% |
| 2004 | 76.24 million Domestic currency (incl. conversion to current currency made using a fixed parit | +10.2% |
| 2005 | 83.21 million Domestic currency (incl. conversion to current currency made using a fixed parit | +9.1% |
| 2006 | 88.32 million Domestic currency (incl. conversion to current currency made using a fixed parit | +6.1% |
| 2007 | 94.89 million Domestic currency (incl. conversion to current currency made using a fixed parit | +7.4% |
| 2008 | 103.97 million Domestic currency (incl. conversion to current currency made using a fixed parit | +9.6% |
| 2009 | 110.27 million Domestic currency (incl. conversion to current currency made using a fixed parit | +6.1% |
| 2010 | 113.59 million Domestic currency (incl. conversion to current currency made using a fixed parit | +3.0% |
| 2011 | 120.64 million Domestic currency (incl. conversion to current currency made using a fixed parit | +6.2% |
| 2012 | 127.47 million Domestic currency (incl. conversion to current currency made using a fixed parit | +5.7% |
| 2013 | 134.93 million Domestic currency (incl. conversion to current currency made using a fixed parit | +5.9% |
| 2014 | 143.01 million Domestic currency (incl. conversion to current currency made using a fixed parit | +6.0% |
| 2015 | 150.51 million Domestic currency (incl. conversion to current currency made using a fixed parit | +5.2% |
| 2016 | 157.11 million Domestic currency (incl. conversion to current currency made using a fixed parit | +4.4% |
| 2017 | 166.61 million Domestic currency (incl. conversion to current currency made using a fixed parit | +6.0% |
| 2018 | 177.98 million Domestic currency (incl. conversion to current currency made using a fixed parit | +6.8% |
| 2019 | 188.85 million Domestic currency (incl. conversion to current currency made using a fixed parit | +6.1% |
| 2020 | 197.55 million Domestic currency (incl. conversion to current currency made using a fixed parit | +4.6% |
| 2021 | 210.47 million Domestic currency (incl. conversion to current currency made using a fixed parit | +6.5% |
| 2022 | 225.10 million Domestic currency (incl. conversion to current currency made using a fixed parit | +7.0% |
| 2023 | 235.01 million Domestic currency (incl. conversion to current currency made using a fixed parit | +4.4% |
| 2024 | 247.05 million Domestic currency (incl. conversion to current currency made using a fixed parit | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 935,500 Domestic currency (incl. conversion to current currency made using a fixed parit | 233,600 Domestic currency (incl. conversion to current currency made using a fixed parit | 2.45 million Domestic currency (incl. conversion to current currency made using a fixed parit | 10 |
| 1980s | 7.00 million Domestic currency (incl. conversion to current currency made using a fixed parit | 3.23 million Domestic currency (incl. conversion to current currency made using a fixed parit | 12.63 million Domestic currency (incl. conversion to current currency made using a fixed parit | 10 |
| 1990s | 31.68 million Domestic currency (incl. conversion to current currency made using a fixed parit | 15.35 million Domestic currency (incl. conversion to current currency made using a fixed parit | 48.25 million Domestic currency (incl. conversion to current currency made using a fixed parit | 10 |
| 2000s | 79.84 million Domestic currency (incl. conversion to current currency made using a fixed parit | 51.94 million Domestic currency (incl. conversion to current currency made using a fixed parit | 110.27 million Domestic currency (incl. conversion to current currency made using a fixed parit | 10 |
| 2010s | 148.07 million Domestic currency (incl. conversion to current currency made using a fixed parit | 113.59 million Domestic currency (incl. conversion to current currency made using a fixed parit | 188.85 million Domestic currency (incl. conversion to current currency made using a fixed parit | 10 |
| 2020s | 223.04 million Domestic currency (incl. conversion to current currency made using a fixed parit | 197.55 million Domestic currency (incl. conversion to current currency made using a fixed parit | 247.05 million Domestic currency (incl. conversion to current currency made using a fixed parit | 5 |
Countries ranked near Korea, Republic of
- 1 Indonesia 991.93 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 2 China 13.10 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 2 Colombia 146.04 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 3 Poland 569,687 Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 3 Japan 53.41 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 4 Netherlands 139,009 Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 4 Russian Federation 14.55 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
Frequently asked questions
- What is annual government deficit/surplus, revenue, expenditure and main in Korea, Republic of?
- Annual government deficit/surplus, revenue, expenditure and main in Korea, Republic of was 247.05 million Domestic currency (incl. conversion to current currency made using a fixed parit in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government deficit/surplus, revenue, expenditure and main recorded in Korea, Republic of?
- The highest recorded value was 247.05 million Domestic currency (incl. conversion to current currency made using a fixed parit in 2024.
- What is the lowest annual government deficit/surplus, revenue, expenditure and main recorded in Korea, Republic of?
- The lowest recorded value was 233,600 Domestic currency (incl. conversion to current currency made using a fixed parit in 1970.
- How does Korea, Republic of rank for annual government deficit/surplus, revenue, expenditure and main?
- Korea, Republic of ranks 1st out of 8 groups with data for 2024.
- Is annual government deficit/surplus, revenue, expenditure and main rising or falling in Korea, Republic of?
- Over the last ten years it is up 72.7%. The long-run trend across the full record is volatile.
- Where does this Korea, Republic of data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government deficit/surplus, revenue, expenditure and main aggregates IDC. Statizoid updates them automatically from the source API.
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