Cyclically adjusted balance, General government, Percent of potential in South Korea
South Korea: Cyclically adjusted balance, General government, Percent of potential was -1.02 in 2030. ◆ Volatile
Cyclically adjusted balance, General government, Percent of potential in South Korea, 1996–2030
Source: International Monetary Fund.
Analysis
In 2030, cyclically adjusted balance, general government, percent of potential in South Korea stood at -1.02.
Compared with earlier readings it is up 10.3% on the previous year and up 28.7% over ten years.
Over the whole period, cyclically adjusted balance, general government, percent of potential in South Korea peaked at 3.88 in 2000 and was at its lowest, -1.57, in 2022.
That places South Korea 24th out of 88 countries with data for 2030, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Cyclically adjusted balance, General government, Percent of potential in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 1.89 | — |
| 1997 | 1.79 | -5.2% |
| 1998 | 2.14 | +19.7% |
| 1999 | 1.39 | -35.3% |
| 2000 | 3.88 | +179.8% |
| 2001 | 2.51 | -35.2% |
| 2002 | 2.95 | +17.4% |
| 2003 | 1.53 | -48.3% |
| 2004 | 0.0291 | -98.1% |
| 2005 | 0.9318 | +3096.8% |
| 2006 | 1.03 | +11.0% |
| 2007 | 2.08 | +101.2% |
| 2008 | 1.4 | -32.7% |
| 2009 | 0.6579 | -53.0% |
| 2010 | 1.44 | +118.7% |
| 2011 | 1.55 | +7.8% |
| 2012 | 1.7 | +9.9% |
| 2013 | 0.8951 | -47.5% |
| 2014 | 0.6929 | -22.6% |
| 2015 | 0.6935 | +0.1% |
| 2016 | 1.72 | +148.5% |
| 2017 | 2.18 | +26.5% |
| 2018 | 2.49 | +14.2% |
| 2019 | 0.5103 | -79.5% |
| 2020 | -1.44 | -381.4% |
| 2021 | 0.0792 | -105.5% |
| 2022 | -1.57 | -2078.6% |
| 2023 | -0.6175 | -60.6% |
| 2024 | -0.743 | +20.3% |
| 2025 | -1.23 | +65.6% |
| 2026 | -1.08 | -12.1% |
| 2027 | -1.23 | +14.1% |
| 2028 | -1.29 | +4.4% |
| 2029 | -1.14 | -11.4% |
| 2030 | -1.02 | -10.3% |
South Korea compared with similar countries
- South Korea's -1.02 is above the median for high income countries, which is -2.33, 44% of the median. (48 countries reporting)
- South Korea's -1.02 is above the median for East Asia & Pacific, which is -2.4, 43% of the median. (11 countries reporting)
Biggest year-on-year movements
Years where Cyclically adjusted balance, General government, Percent of potential in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +3096.8% | 0.0291 | 0.9318 |
| 2022 | -2078.6% | 0.0792 | -1.57 |
| 2020 | -381.4% | 0.5103 | -1.44 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.8 | 1.39 | 2.14 | 4 |
| 2000s | 1.7 | 0.0291 | 3.88 | 10 |
| 2010s | 1.39 | 0.5103 | 2.49 | 10 |
| 2020s | -1.03 | -1.57 | 0.0792 | 10 |
| 2030s | -1.02 | -1.02 | -1.02 | 1 |
Countries ranked near South Korea
More public sector data for South Korea
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 222.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 19.5 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 362.84 % change on previous year (2024)
Frequently asked questions
- What is cyclically adjusted balance, general government, percent of potential in South Korea?
- Cyclically adjusted balance, general government, percent of potential in South Korea was -1.02 in 2030, according to International Monetary Fund.
- What is the highest cyclically adjusted balance, general government, percent of potential recorded in South Korea?
- The highest recorded value was 3.88 in 2000.
- What is the lowest cyclically adjusted balance, general government, percent of potential recorded in South Korea?
- The lowest recorded value was -1.57 in 2022.
- How does South Korea rank for cyclically adjusted balance, general government, percent of potential?
- South Korea ranks 24th out of 88 countries with data for 2030.
- Is cyclically adjusted balance, general government, percent of potential rising or falling in South Korea?
- Over the last ten years it is up 28.7%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund, published as part of Cyclically adjusted balance, General government, Percent of potential GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October