Expenditure, General government, Domestic currency in Republic of Korea
Republic of Korea: Expenditure, General government, Domestic currency was 827.28 trillion in 2031. ◆ Volatile
Expenditure, General government, Domestic currency in Republic of Korea, 1995–2031
Source: International Monetary Fund.
Analysis
In 2031, expenditure, general government, domestic currency in Republic of Korea stood at 827.28 trillion. That is the highest value across all 37 years on record.
That represents a change of up 3.9% on the previous year and up 54.5% over ten years.
Over the whole period, expenditure, general government, domestic currency in Republic of Korea peaked at 827.28 trillion in 2031 and was at its lowest, 61.09 trillion, in 1995.
Republic of Korea ranks 2nd of 26 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Expenditure, General government, Domestic currency in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 61.09 trillion | — |
| 1996 | 71.30 trillion | +16.7% |
| 1997 | 77.77 trillion | +9.1% |
| 1998 | 89.28 trillion | +14.8% |
| 1999 | 98.98 trillion | +10.9% |
| 2000 | 108.26 trillion | +9.4% |
| 2001 | 124.13 trillion | +14.7% |
| 2002 | 129.19 trillion | +4.1% |
| 2003 | 155.12 trillion | +20.1% |
| 2004 | 174.44 trillion | +12.5% |
| 2005 | 180.66 trillion | +3.6% |
| 2006 | 195.70 trillion | +8.3% |
| 2007 | 213.40 trillion | +9.0% |
| 2008 | 229.79 trillion | +7.7% |
| 2009 | 245.27 trillion | +6.7% |
| 2010 | 246.38 trillion | +0.5% |
| 2011 | 264.87 trillion | +7.5% |
| 2012 | 283.22 trillion | +6.9% |
| 2013 | 298.73 trillion | +5.5% |
| 2014 | 308.80 trillion | +3.4% |
| 2015 | 327.26 trillion | +6.0% |
| 2016 | 339.24 trillion | +3.7% |
| 2017 | 360.49 trillion | +6.3% |
| 2018 | 386.91 trillion | +7.3% |
| 2019 | 433.99 trillion | +12.2% |
| 2020 | 487.03 trillion | +12.2% |
| 2021 | 535.41 trillion | +9.9% |
| 2022 | 619.99 trillion | +15.8% |
| 2023 | 556.01 trillion | -10.3% |
| 2024 | 576.15 trillion | +3.6% |
| 2025 | 638.88 trillion | +10.9% |
| 2026 | 703.50 trillion | +10.1% |
| 2027 | 707.07 trillion | +0.5% |
| 2028 | 736.79 trillion | +4.2% |
| 2029 | 765.92 trillion | +4.0% |
| 2030 | 795.98 trillion | +3.9% |
| 2031 | 827.28 trillion | +3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 79.68 trillion | 61.09 trillion | 98.98 trillion | 5 |
| 2000s | 175.60 trillion | 108.26 trillion | 245.27 trillion | 10 |
| 2010s | 324.99 trillion | 246.38 trillion | 433.99 trillion | 10 |
| 2020s | 632.67 trillion | 487.03 trillion | 765.92 trillion | 10 |
| 2030s | 811.63 trillion | 795.98 trillion | 827.28 trillion | 2 |
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 expenditure, general government, domestic currency in Republic of Korea?
- Expenditure, general government, domestic currency in Republic of Korea was 827.28 trillion in 2031, according to International Monetary Fund.
- What is the highest expenditure, general government, domestic currency recorded in Republic of Korea?
- The highest recorded value was 827.28 trillion in 2031.
- What is the lowest expenditure, general government, domestic currency recorded in Republic of Korea?
- The lowest recorded value was 61.09 trillion in 1995.
- How does Republic of Korea rank for expenditure, general government, domestic currency?
- Republic of Korea ranks 2nd out of 26 countries with data for 2031.
- Is expenditure, general government, domestic currency rising or falling in Republic of Korea?
- Over the last ten years it is up 54.5%. 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 Expenditure, General government, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.