Cash surplus/deficit as a proportion of GDP in Republic of Korea
Republic of Korea: Cash surplus/deficit as a proportion of GDP was -1.0% in 2023. ◆ Volatile
Latest (2023)
-1.0%
Change on year
up 41.7%
World rank
3rd
of 162 countries
All-time high
3.9%
in 2000
All-time low
-1.9%
in 2020
Years of data
24
2000–2023
Cash surplus/deficit as a proportion of GDP in Republic of Korea, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2023, cash surplus/deficit as a proportion of gdp in Republic of Korea stood at -1.0%.
That represents a change of up 41.7% on the previous year and down 183.0% over ten years.
Over the whole period, cash surplus/deficit as a proportion of gdp in Republic of Korea peaked at 3.9% in 2000 and was at its lowest, -1.9%, in 2020.
Republic of Korea ranks 3rd of 162 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Cash surplus/deficit as a proportion of GDP in Republic of Korea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 3.9% | — |
| 2001 | 2.4% | -38.0% |
| 2002 | 3.2% | +33.4% |
| 2003 | 1.5% | -53.3% |
| 2004 | 0.1% | -94.3% |
| 2005 | 0.8% | +817.9% |
| 2006 | 1.0% | +25.4% |
| 2007 | 2.0% | +100.7% |
| 2008 | 1.4% | -29.8% |
| 2009 | 0.0% | -98.8% |
| 2010 | 1.4% | +8577.2% |
| 2011 | 1.6% | +10.6% |
| 2012 | 1.1% | -26.8% |
| 2013 | 1.2% | +7.9% |
| 2014 | 1.0% | -22.5% |
| 2015 | 0.7% | -23.5% |
| 2016 | 1.8% | +144.8% |
| 2017 | 1.8% | +0.7% |
| 2018 | 2.3% | +27.3% |
| 2019 | 0.0% | -98.5% |
| 2020 | -1.9% | -5554.5% |
| 2021 | -0.7% | -62.4% |
| 2022 | -1.7% | +141.7% |
| 2023 | -1.0% | -41.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.6% | 0.0% | 3.9% | 10 |
| 2010s | 1.3% | 0.0% | 2.3% | 10 |
| 2020s | -1.4% | -1.9% | -0.7% | 4 |
Countries ranked near Republic of Korea
- 1 Iran (Islamic Republic of) 0.5% compare
- 2 Somalia -0.0% compare
- 3 Republic of Korea -1.0% compare
- 5 Indonesia -1.6% compare
- 6 United Arab Emirates -3.8% compare
More economy & growth data for Republic of Korea
- Final consumption expenditure (constant 2015 US$), per capita 24,301 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate -1.35 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 0.948 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 34,344 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 2.92 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 1,348 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 48.85 million current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 0.6957 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.9523 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), per capita 34,500 constant 2015 US$ per person (2025)
Frequently asked questions
- What is cash surplus/deficit as a proportion of gdp in Republic of Korea?
- Cash surplus/deficit as a proportion of gdp in Republic of Korea was -1.0% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest cash surplus/deficit as a proportion of gdp recorded in Republic of Korea?
- The highest recorded value was 3.9% in 2000.
- What is the lowest cash surplus/deficit as a proportion of gdp recorded in Republic of Korea?
- The lowest recorded value was -1.9% in 2020.
- How does Republic of Korea rank for cash surplus/deficit as a proportion of gdp?
- Republic of Korea ranks 3rd out of 162 countries with data for 2023.
- Is cash surplus/deficit as a proportion of gdp rising or falling in Republic of Korea?
- Over the last ten years it is down 183.0%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Cash surplus/deficit as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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