South Korea
Government Spending (% of GDP)
18.21
percent of GDP- South Korea
- Global Median
Source: IMF
Definition of Government Spending (% of GDP)
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.
