Vertical fiscal imbalance, Percent in South Korea
South Korea: Vertical fiscal imbalance, Percent was -0.3885 in 2020. ▬ Flat
Vertical fiscal imbalance, Percent in South Korea, 2012–2020
Source: International Monetary Fund.
Analysis
In 2020, vertical fiscal imbalance, percent in South Korea stood at -0.3885. That is the highest value across all 9 years on record.
That represents a change of up 22.7% on the previous year and up 11.1% over ten years.
Over the whole period, vertical fiscal imbalance, percent in South Korea peaked at -0.3885 in 2020 and was at its lowest, -0.602, in 2018.
South Korea ranks 54th of 64 countries on this measure, in the bottom quarter.
Vertical fiscal imbalance, Percent in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2012 | -0.437 | — |
| 2013 | -0.5162 | +18.1% |
| 2014 | -0.4748 | -8.0% |
| 2015 | -0.445 | -6.3% |
| 2016 | -0.5323 | +19.6% |
| 2017 | -0.5617 | +5.5% |
| 2018 | -0.602 | +7.2% |
| 2019 | -0.5028 | -16.5% |
| 2020 | -0.3885 | -22.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -0.509 | -0.602 | -0.437 | 8 |
| 2020s | -0.3885 | -0.3885 | -0.3885 | 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 vertical fiscal imbalance, percent in South Korea?
- Vertical fiscal imbalance, percent in South Korea was -0.3885 in 2020, according to International Monetary Fund.
- What is the highest vertical fiscal imbalance, percent recorded in South Korea?
- The highest recorded value was -0.3885 in 2020.
- What is the lowest vertical fiscal imbalance, percent recorded in South Korea?
- The lowest recorded value was -0.602 in 2018.
- How does South Korea rank for vertical fiscal imbalance, percent?
- South Korea ranks 54th out of 64 countries with data for 2020.
- Is vertical fiscal imbalance, percent rising or falling in South Korea?
- Over the last ten years it is up 11.1%. The long-run trend across the full record is flat.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund, published as part of Vertical fiscal imbalance, Percent (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.