Expenditure, General government, Domestic currency (9/26/2025) in South Korea
South Korea: Expenditure, General government, Domestic currency (9/26/2025) was 827.28 trillion in 2031. ◆ Volatile
Expenditure, General government, Domestic currency in South Korea, 1995–2031
Source: International Monetary Fund.
Analysis
In 2031, expenditure, general government, domestic currency in South 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 South Korea peaked at 827.28 trillion in 2031 and was at its lowest, 61.09 trillion, in 1995.
South 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 (9/26/2025) in South 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% |
South Korea compared with similar countries
- South Korea's 827.28 trillion is above the median for high income countries, which is 948.78 billion, 871.9× the median. (13 countries reporting)
- South Korea's 827.28 trillion is above the median for East Asia & Pacific, which is 1.40 trillion, 589.6× the median. (7 countries reporting)
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 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 expenditure, general government, domestic currency in South Korea?
- Expenditure, general government, domestic currency in South Korea was 827.28 trillion in 2031, according to International Monetary Fund.
- What is the highest expenditure, general government, domestic currency recorded in South Korea?
- The highest recorded value was 827.28 trillion in 2031.
- What is the lowest expenditure, general government, domestic currency recorded in South Korea?
- The lowest recorded value was 61.09 trillion in 1995.
- How does South Korea rank for expenditure, general government, domestic currency?
- South Korea ranks 2nd out of 26 countries with data for 2031.
- Is expenditure, general government, domestic currency rising or falling in South Korea?
- Over the last ten years it is up 54.5%. 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 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.