Italy vs Republic of Korea: Government spending vs. GDP

Italy
381.64 billion constant 2015 US$
in 2025
Republic of Korea
332.27 billion constant 2015 US$
in 2025
Italy rank
9th
Republic of Korea rank
11th

Government spending vs. GDP over time

  • Italy
  • Republic of Korea
0100.0B200.0B300.0B400.0B196019922025

How they compare

Italy currently reports 381.64 billion constant 2015 US$ against 332.27 billion constant 2015 US$ in Republic of Korea, a difference of 49.36 billion constant 2015 US$.

That makes Italy's figure about 1.1 times Republic of Korea's.

Across all 56 years both countries report, Italy has been ahead every year.

Italy ranks 9th and Republic of Korea ranks 11th of 166 countries.

Italy has averaged higher in every one of the 6 decades both report.

Head to head by decade

Decade Italy Republic of Korea Difference Ahead
1970s 206.88 billion constant 2015 US$ 26.84 billion constant 2015 US$ 180.05 billion constant 2015 US$ Italy
1980s 283.98 billion constant 2015 US$ 46.97 billion constant 2015 US$ 237.01 billion constant 2015 US$ Italy
1990s 326.01 billion constant 2015 US$ 85.08 billion constant 2015 US$ 240.93 billion constant 2015 US$ Italy
2000s 367.75 billion constant 2015 US$ 133.66 billion constant 2015 US$ 234.10 billion constant 2015 US$ Italy
2010s 360.51 billion constant 2015 US$ 218.62 billion constant 2015 US$ 141.90 billion constant 2015 US$ Italy
2020s 371.89 billion constant 2015 US$ 310.13 billion constant 2015 US$ 61.76 billion constant 2015 US$ Italy

Averages of every year both report within each decade.

Frequently asked questions

Which has higher government spending vs. gdp, Italy or Republic of Korea?
Italy, at 381.64 billion constant 2015 US$ against 332.27 billion constant 2015 US$ in Republic of Korea as of 2025.
What is the difference in government spending vs. gdp between Italy and Republic of Korea?
49.36 billion constant 2015 US$, with Italy ahead.
How many years of comparable data are there for Italy and Republic of Korea?
56 years are reported by both, from 1970 to 2025.
How do Italy and Republic of Korea rank globally for government spending vs. gdp?
Italy ranks 9th and Republic of Korea ranks 11th of 166 countries.
Where does this data come from?
National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as Government spending vs. GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Italy vs Republic of Korea: Government spending vs. GDP. Statizoid, drawing on National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Retrieved 30 August 2026, from https://economy.statizoid.com/compare/government-expenditure-vs-gdp/italy/korea-rep/

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About this data

Indicator
Government spending vs. GDP
Unit
constant 2015 US$
Source
National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
166 places, 7,062 data points, 1960–2025
Last refreshed

General government final consumption expenditure includes all government current expenditures for purchases of goods and services (including compensation of employees). Both measures are expressed in constant 2015 US$.