South Korea Government Expense
South Korea government expense data with historical trend, latest available year, ranking, source notes and country comparison. Latest value: 28.32%.
South Korea · Economic Stability Rating
Composite rating based on inflation, growth, debt, unemployment and current account.
South Korea · government expense data as percent of GDP.
Countries by government expense
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Prices & Inflation3
Growth & Output9
Public Finance8
Labor Market6
External Sector5
Monetary & Financial7
Population & Society7
Energy & Environment2
Interpretation
South Korea recorded 28.32% for Government Expense in 2023, the latest available observation in this dataset.
Compared with 2022, the indicator decreased by 2.98 percentage points, from 31.30% to 28.32%.
The latest observation is above the average of the last 10 available observations (25.57%).
Across the five latest available observations (2019–2023), the pattern is predominantly upward.
Within the last 10 available observations, the low was 22.32% in 2016 and the high was 31.30% in 2022.