Cyclically adjusted primary balance, General government, Percent of in Republic of Korea
Republic of Korea: Cyclically adjusted primary balance, General government, Percent of was -0.8262 in 2030. ◆ Volatile
Latest (2030)
-0.8262
Change on year
up 15.6%
World rank
47th
of 86 countries
All-time high
2.71
in 1998
All-time low
-1.88
in 2020
Years of data
35
1996–2030
Cyclically adjusted primary balance, General government, Percent of in Republic of Korea, 1996–2030
Source: International Monetary Fund.
Analysis
Republic of Korea recorded -0.8262 for cyclically adjusted primary balance, general government, percent of in 2030.
The figure is up 15.6% on the previous year and up 56.0% over ten years.
Over the whole period, cyclically adjusted primary balance, general government, percent of in Republic of Korea peaked at 2.71 in 1998 and was at its lowest, -1.88, in 2020.
That places Republic of Korea 47th out of 86 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 primary balance, General government, Percent of in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 2.29 | — |
| 1997 | 2.21 | -3.6% |
| 1998 | 2.71 | +22.9% |
| 1999 | 2.32 | -14.3% |
| 2000 | 2.5 | +7.6% |
| 2001 | 1.53 | -38.8% |
| 2002 | 1.74 | +13.7% |
| 2003 | 0.5071 | -70.8% |
| 2004 | -0.7144 | -240.9% |
| 2005 | 0.4283 | -160.0% |
| 2006 | 0.4166 | -2.7% |
| 2007 | 1.33 | +220.2% |
| 2008 | 0.9522 | -28.6% |
| 2009 | 0.0058 | -99.4% |
| 2010 | 0.7253 | +12354.2% |
| 2011 | 0.8495 | +17.1% |
| 2012 | 1.27 | +49.9% |
| 2013 | 0.474 | -62.8% |
| 2014 | 0.2857 | -39.7% |
| 2015 | 0.3806 | +33.2% |
| 2016 | 1.45 | +281.7% |
| 2017 | 1.86 | +27.7% |
| 2018 | 2.1 | +13.1% |
| 2019 | 0.0274 | -98.7% |
| 2020 | -1.88 | -6951.9% |
| 2021 | -0.2997 | -84.0% |
| 2022 | -1.81 | +502.4% |
| 2023 | -0.6903 | -61.8% |
| 2024 | -0.6622 | -4.1% |
| 2025 | -1.29 | +94.3% |
| 2026 | -1.05 | -18.1% |
| 2027 | -1.18 | +11.8% |
| 2028 | -1.16 | -1.8% |
| 2029 | -0.9794 | -15.4% |
| 2030 | -0.8262 | -15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.38 | 2.21 | 2.71 | 4 |
| 2000s | 0.8694 | -0.7144 | 2.5 | 10 |
| 2010s | 0.9422 | 0.0274 | 2.1 | 10 |
| 2020s | -1.1 | -1.88 | -0.2997 | 10 |
| 2030s | -0.8262 | -0.8262 | -0.8262 | 1 |
Countries ranked near Republic of Korea
More public sector data for Republic of Korea
- Arms imports 1.01 billion SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 1.01 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 919.23 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0254 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -0.4824 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 47.57 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2,234 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is cyclically adjusted primary balance, general government, percent of in Republic of Korea?
- Cyclically adjusted primary balance, general government, percent of in Republic of Korea was -0.8262 in 2030, according to International Monetary Fund.
- What is the highest cyclically adjusted primary balance, general government, percent of recorded in Republic of Korea?
- The highest recorded value was 2.71 in 1998.
- What is the lowest cyclically adjusted primary balance, general government, percent of recorded in Republic of Korea?
- The lowest recorded value was -1.88 in 2020.
- How does Republic of Korea rank for cyclically adjusted primary balance, general government, percent of?
- Republic of Korea ranks 47th out of 86 countries with data for 2030.
- Is cyclically adjusted primary balance, general government, percent of rising or falling in Republic of Korea?
- Over the last ten years it is up 56.0%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from International Monetary Fund, published as part of Cyclically adjusted primary 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