South Korea Government Expenditure (% of GDP) (2023)
South Korea's Government Expenditure (% of GDP): 28.3 % of GDP in 2023, -3pp YoY. World Bank (GC.XPN.TOTL.GD.ZS), 1974–2023.
South Korea (2023)
28.3
% of GDP
-3pp YoY
YoY Change
-3pp
percentage points
Trend
down
Series length
50
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2023 | 28.3 | -3pp |
| 2022 | 31.3 | +2.8pp |
| 2021 | 28.5 | +0.5pp |
| 2020 | 28 | +2.1pp |
| 2019 | 25.9 | +2.3pp |
| 2018 | 23.6 | +0.9pp |
| 2017 | 22.7 | +0.4pp |
| 2016 | 22.3 | -0.1pp |
| 2015 | 22.4 | -0.1pp |
| 2014 | 22.5 | -0.5pp |
| 2013 | 23 | -0.6pp |
| 2012 | 23.6 | +6.2pp |
| 2011 | 17.4 | +0.5pp |
| 2010 | 16.9 | -1.6pp |
| 2009 | 18.5 | +0.9pp |
| 2008 | 17.6 | +0.3pp |
| 2007 | 17.3 | -0.5pp |
| 2006 | 17.8 | +0.7pp |
| 2005 | 17.1 | +0.6pp |
| 2004 | 16.5 | -0.1pp |
About this Dataset
South Korea recorded 28.3 % of GDP in 2023. The latest change was -3pp. Across 1974–2023 the series ranges from 11.9 in 1988 to 31.3 in 2022.
This page tracks general government expenditure as a share of GDP in South Korea from 1990 to present. The size of government relative to the economy shapes fiscal sustainability, crowding-out effects, and public sector demand.
Data sourced from World Bank via Open Data API. Values use World Bank standardised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks general government expenditure as a share of GDP in South Korea from 1990 to present. The size of government relative to the economy shapes fiscal sustainability, crowding-out effects, and public sector demand. It is published by World Bank and updated annually.
The most recent observation covers 2023. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1974–2023 (50 observations).
The series peaked at 31.3 % of GDP in 2022 and reached its lowest recorded value of 11.9 in 1988. The latest reading of 28.3 in 2023 represents a change of -3pp.