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), 1990–2023.
South Korea (2023)
28.3
% of GDP
-3pp YoY
YoY Change
-3pp
percentage points
Trend
down
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2023 | 28.3 | -3pp |
| 2022 | 31.3 | +2.8pp |
| 2021 | 28.6 | +0.5pp |
| 2020 | 28 | +2.1pp |
| 2019 | 26 | +2.4pp |
| 2018 | 23.6 | +0.8pp |
| 2017 | 22.7 | +0.4pp |
| 2016 | 22.3 | -0.1pp |
| 2015 | 22.4 | -0.2pp |
| 2014 | 22.5 | -0.4pp |
| 2013 | 23 | -0.6pp |
| 2012 | 23.6 | +6.2pp |
| 2011 | 17.4 | +0.5pp |
| 2010 | 16.9 | -1.6pp |
| 2009 | 18.5 | +1pp |
| 2008 | 17.6 | +0.3pp |
| 2007 | 17.3 | -0.5pp |
| 2006 | 17.8 | +0.7pp |
| 2005 | 17.1 | +0.6pp |
| 2004 | 16.5 | n/a |
About this Dataset
South Korea recorded 28.3 % of GDP in 2023. The most recent year-on-year change was -3.0pp. The historical series (1990–2023) shows a peak of 31.3 in 2022 and a trough of 12.6 in 1995.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks south korea government expenditure (% of gdp) in South Korea, published by World Bank. Data covers 1990–2023 at annual frequency using harmonised methodology.
The most recent observation covers 2023. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 31.3 % of GDP in 2022 and reached its lowest recorded value of 12.6 in 1995. The latest reading of 28.3 in 2023 represents a year-on-year change of -3.0pp.