Expenditure, General government, Percent of GDP in South Korea
South Korea: Expenditure, General government, Percent of GDP was 24.57 in 2030. ▲ Rising
Expenditure, General government, Percent of GDP in South Korea, 1996–2030
Source: International Monetary Fund.
Analysis
The most recent figure for expenditure, general government, percent of gdp in South Korea is 24.57, measured in 2030.
The figure is down 0.6% on the previous year and up 3.9% over ten years.
Over the whole period, expenditure, general government, percent of gdp in South Korea peaked at 26.68 in 2022 and was at its lowest, 13.87, in 1997.
That places South Korea 122nd out of 195 countries with data for 2030, putting it in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Expenditure, General government, Percent of GDP in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 14.04 | — |
| 1997 | 13.87 | -1.2% |
| 1998 | 16.03 | +15.6% |
| 1999 | 16.15 | +0.7% |
| 2000 | 16.02 | -0.8% |
| 2001 | 16.94 | +5.7% |
| 2002 | 15.89 | -6.2% |
| 2003 | 17.87 | +12.5% |
| 2004 | 18.5 | +3.5% |
| 2005 | 18.15 | -1.9% |
| 2006 | 18.72 | +3.1% |
| 2007 | 18.81 | +0.5% |
| 2008 | 19.1 | +1.6% |
| 2009 | 19.54 | +2.3% |
| 2010 | 17.86 | -8.6% |
| 2011 | 18.28 | +2.4% |
| 2012 | 18.82 | +2.9% |
| 2013 | 19.02 | +1.0% |
| 2014 | 18.85 | -0.9% |
| 2015 | 18.8 | -0.2% |
| 2016 | 18.51 | -1.6% |
| 2017 | 18.64 | +0.7% |
| 2018 | 19.28 | +3.4% |
| 2019 | 21.27 | +10.3% |
| 2020 | 23.66 | +11.2% |
| 2021 | 24.1 | +1.8% |
| 2022 | 26.68 | +10.7% |
| 2023 | 23.08 | -13.5% |
| 2024 | 22.53 | -2.4% |
| 2025 | 24.11 | +7.0% |
| 2026 | 24.57 | +1.9% |
| 2027 | 24.72 | +0.6% |
| 2028 | 24.66 | -0.3% |
| 2029 | 24.71 | +0.2% |
| 2030 | 24.57 | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.02 | 13.87 | 16.15 | 4 |
| 2000s | 17.95 | 15.89 | 19.54 | 10 |
| 2010s | 18.93 | 17.86 | 21.27 | 10 |
| 2020s | 24.28 | 22.53 | 26.68 | 10 |
| 2030s | 24.57 | 24.57 | 24.57 | 1 |
Countries ranked near South Korea
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 expenditure, general government, percent of gdp in South Korea?
- Expenditure, general government, percent of gdp in South Korea was 24.57 in 2030, according to International Monetary Fund.
- What is the highest expenditure, general government, percent of gdp recorded in South Korea?
- The highest recorded value was 26.68 in 2022.
- What is the lowest expenditure, general government, percent of gdp recorded in South Korea?
- The lowest recorded value was 13.87 in 1997.
- How does South Korea rank for expenditure, general government, percent of gdp?
- South Korea ranks 122nd out of 195 countries with data for 2030.
- Is expenditure, general government, percent of gdp rising or falling in South Korea?
- Over the last ten years it is up 3.9%. The long-run trend across the full record is rising.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund, published as part of Expenditure, General government, Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October