{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"kr-government-expenditure-gdp","url":"https://apiardata.com/statistics/kr-government-expenditure-gdp","html_url":"https://apiardata.com/statistics/kr-government-expenditure-gdp/","title":"South Korea Government Expenditure (% of GDP) (2023)","description":"South Korea's Government Expenditure (% of GDP): 28.3 % of GDP in 2023, -3pp YoY. World Bank (GC.XPN.TOTL.GD.ZS), 1974–2023.","domain":"macro","category":"Economy & Macro","keywords":["Economy & Macro","World Bank","South Korea","2023"],"publisher":"World Bank","frequency":"Annual","geography":"South Korea","temporal_coverage":"1974/2023","unit":"% of GDP","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2023","variable_measured":"South Korea Government Expenditure (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/GC.XPN.TOTL.GD.ZS?locations=KR"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"1974–2023"},{"label":"Observations","value":"50"},{"label":"Geography","value":"South Korea"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"South Korea (2023)","value":"28.3","unit":"% of GDP","trend":{"direction":"down","value":"-3pp YoY"}},{"label":"YoY Change","value":"-3pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"50","unit":"years of data"}],"series":[{"key":"value","label":"South Korea Government Expenditure (% of GDP)"}],"observation_count":50,"observations":[{"period":"1974","value":12.1620275855201},{"period":"1975","value":13.6240545335699},{"period":"1976","value":14.3405262728237},{"period":"1977","value":13.4075907590759},{"period":"1978","value":13.380424919428},{"period":"1979","value":14.4055400787798},{"period":"1980","value":14.7513568873474},{"period":"1981","value":14.6090868480663},{"period":"1982","value":15.603499620053},{"period":"1983","value":13.8730069688666},{"period":"1984","value":13.3924906524968},{"period":"1985","value":13.5615937614232},{"period":"1986","value":12.8971246731509},{"period":"1987","value":12.2999648640879},{"period":"1988","value":11.8695704532859},{"period":"1989","value":12.7322381323942},{"period":"1990","value":12.8647213570919},{"period":"1991","value":12.7857951256356},{"period":"1992","value":13.0024919930149},{"period":"1993","value":12.6971531820574},{"period":"1994","value":12.7595932016023},{"period":"1995","value":12.612036035526},{"period":"1996","value":12.80859541476},{"period":"1997","value":12.6202939507798},{"period":"1998","value":14.737605895541},{"period":"1999","value":14.3224824665009},{"period":"2000","value":14.8420444714374},{"period":"2001","value":15.7579280631387},{"period":"2002","value":14.8987452925105},{"period":"2003","value":16.6883778403351},{"period":"2004","value":16.5416135981757},{"period":"2005","value":17.1439208461221},{"period":"2006","value":17.8411366107175},{"period":"2007","value":17.308223332196},{"period":"2008","value":17.5748354763436},{"period":"2009","value":18.5341085359906},{"period":"2010","value":16.900693184189},{"period":"2011","value":17.3891183173319},{"period":"2012","value":23.5764674888735},{"period":"2013","value":22.9599101988862},{"period":"2014","value":22.5297498815254},{"period":"2015","value":22.3727539773343},{"period":"2016","value":22.3216832639303},{"period":"2017","value":22.7421323345571},{"period":"2018","value":23.5674300593436},{"period":"2019","value":25.9471764437754},{"period":"2020","value":28.0256629437299},{"period":"2021","value":28.5464738099917},{"period":"2022","value":31.2975333759802},{"period":"2023","value":28.3225119832631}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2023","value":"28.3","yoyChange":"-3.0pp"},{"year":"2022","value":"31.3","yoyChange":"+2.8pp"},{"year":"2021","value":"28.5","yoyChange":"+0.5pp"},{"year":"2020","value":"28.0","yoyChange":"+2.1pp"},{"year":"2019","value":"25.9","yoyChange":"+2.3pp"},{"year":"2018","value":"23.6","yoyChange":"+0.9pp"},{"year":"2017","value":"22.7","yoyChange":"+0.4pp"},{"year":"2016","value":"22.3","yoyChange":"-0.1pp"},{"year":"2015","value":"22.4","yoyChange":"-0.1pp"},{"year":"2014","value":"22.5","yoyChange":"-0.5pp"},{"year":"2013","value":"23.0","yoyChange":"-0.6pp"},{"year":"2012","value":"23.6","yoyChange":"+6.2pp"},{"year":"2011","value":"17.4","yoyChange":"+0.5pp"},{"year":"2010","value":"16.9","yoyChange":"-1.6pp"},{"year":"2009","value":"18.5","yoyChange":"+0.9pp"},{"year":"2008","value":"17.6","yoyChange":"+0.3pp"},{"year":"2007","value":"17.3","yoyChange":"-0.5pp"},{"year":"2006","value":"17.8","yoyChange":"+0.7pp"},{"year":"2005","value":"17.1","yoyChange":"+0.6pp"},{"year":"2004","value":"16.5","yoyChange":"-0.1pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"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."},{"question":"How current is this data?","answer":"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)."},{"question":"What is the long-term trend?","answer":"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."}]}