Deficit, Percent of own spending in South Korea
South Korea: Deficit, Percent of own spending was -0.1014 in 2020. ◆ Volatile
Deficit, Percent of own spending in South Korea, 2012–2020
Source: International Monetary Fund.
Analysis
South Korea recorded -0.1014 for deficit, percent of own spending in 2020. That is the lowest value across all 9 years on record.
That represents a change of down 5,137.1% on the previous year and down 258.0% over ten years.
Over the whole period, deficit, percent of own spending in South Korea peaked at 0.141 in 2018 and was at its lowest, -0.1014, in 2020.
That places South Korea 14th out of 66 countries with data for 2020, putting it in the top quarter.
Deficit, Percent of own spending in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2012 | 0.0642 | — |
| 2013 | 0.0747 | +16.4% |
| 2014 | 0.0589 | -21.1% |
| 2015 | 0.0445 | -24.4% |
| 2016 | 0.1117 | +150.8% |
| 2017 | 0.1128 | +1.0% |
| 2018 | 0.141 | +25.0% |
| 2019 | 0.002 | -98.6% |
| 2020 | -0.1014 | -5137.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.0762 | 0.002 | 0.141 | 8 |
| 2020s | -0.1014 | -0.1014 | -0.1014 | 1 |
Countries ranked near South Korea
- 11 Honduras -0.063
- 12 Portugal -0.0637 compare
- 13 Belarus -0.095 compare
- 15 Uzbekistan -0.1083 compare
- 16 Tunisia -0.1126
- 17 Bosnia and Herzegovina -0.1299 compare
More public sector data for South 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 deficit, percent of own spending in South Korea?
- Deficit, percent of own spending in South Korea was -0.1014 in 2020, according to International Monetary Fund.
- What is the highest deficit, percent of own spending recorded in South Korea?
- The highest recorded value was 0.141 in 2018.
- What is the lowest deficit, percent of own spending recorded in South Korea?
- The lowest recorded value was -0.1014 in 2020.
- How does South Korea rank for deficit, percent of own spending?
- South Korea ranks 14th out of 66 countries with data for 2020.
- Is deficit, percent of own spending rising or falling in South Korea?
- Over the last ten years it is down 258.0%. 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 Deficit, Percent of own spending (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.