Deficit, Percent of own spending (Central government) in South Korea
South Korea: Deficit, Percent of own spending (Central government) 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 (Central government) 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% |
South Korea compared with similar countries
- South Korea's -0.1014 is above the median for high income countries, which is -0.2946, 34% of the median. (29 countries reporting)
- South Korea's -0.1014 is above the median for East Asia & Pacific, which is -0.2172, 47% of the median. (10 countries reporting)
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
- 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 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.
Download this data
CSV · JSON — 9 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.