South Korea: Government expenditure
* indicates monthly or quarterly data series
The most recent value is 125519.3 billion South Korean Won as of Q2 2026, an increase compared to the previous value of 124575.8 billion South Korean Won. Historically, the average for South Korea from Q1 1960 to Q2 2026 is 26152.11 billion South Korean Won. The minimum of 8.34 billion South Korean Won was recorded in Q3 1960, while the maximum of 125519.3 billion South Korean Won was reached in Q2 2026.
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* indicates monthly or quarterly data series
- Measure: billion South Korean Won
- Definition: Total spending by all levels of government but excluding public enterprises.
- Source: OECD
| Recent values | South Korea: Government expenditure, billion currency units |
|---|---|
| 2026 Q2 | 125519.3 |
| 2026 Q1 | 124575.8 |
| 2025 Q4 | 117752.6 |
| 2025 Q3 | 114193.7 |
| 2025 Q2 | 119337.9 |
| 2025 Q1 | 117899.7 |
| 2024 Q4 | 111120.6 |
| 2024 Q3 | 108969.4 |
Download data from our database Other resources: All indicators for South Korea All indicators on the website Article: Are trade deficits bad for the economy? Article: Sources of economic growth Article: Currency values and investment returns All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 17.65 | 2025 | percent |
| Government spending, in dollars | 330.43 | 2025 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -0.78 | 2024 | percent |
| Primary budget balance | -0.70 | 2024 | percent |
| Government expenditure | 125,519.30 | Q2/2026 | billion |
| Long-term interest rate | 4.29 | 8/2026 | percent |
| Tax revenue | 13.29 | 2024 | percent |
| Taxes on goods and services | 16.99 | 2024 | percent |
| Taxes on international trade | 1.04 | 2024 | percent |
| Income and profits taxes | 27.55 | 2024 | percent |
| Foreign aid | -55.10 | 1999 | million U.S. dollars |
| Government debt | 49.81 | 2024 | percent |
| Government debt in foreign currency, percent | 1.04 | 2023 | percent |
| Government debt held by non-residents | 19.11 | 2024 | percent |
| Sovereign debt average maturity | 9.91 | 2024 | percent |
| Short-term government debt | 8.76 | 2024 | percent |