South Korea

Government Spending

282.03
billion USD
Dec 63Dec 66Dec 70Dec 75Dec 80Dec 83Dec 88Dec 93Dec 97Dec 02Dec 06Dec 11Dec 16Dec 190.00075.00150.00225.00300.00
  • South Korea
  • Global Median
Source: IMF

Global Ranking

7
Italy394.48
8
Brazil377.02
9
Canada362.92
10
India332.42
11
Russia307.17
12
South Korea282.03
13
Spain280.13
14
Australia277.01
15
Netherlands237.16
16
Saudi Arabia199.76
17
Sweden144.75

News

Definition of Government Spending

General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.

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