Government expenditure vs gdp in Republic of Korea
Republic of Korea: Government expenditure vs gdp was 332.27 billion in 2025. β Volatile
Government expenditure vs gdp in Republic of Korea, 1960β2025
Source: Our World in Data.
Analysis
In 2025, government expenditure vs gdp in Republic of Korea stood at 332.27 billion. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 3.0% on the previous year and up 50.5% over ten years.
Over the whole period, government expenditure vs gdp in Republic of Korea peaked at 332.27 billion in 2025 and was at its lowest, 10.82 billion, in 1960.
That places Republic of Korea 11th out of 166 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.55 billion | 10.82 billion | 18.99 billion | 10 |
| 1970s | 26.84 billion | 20.36 billion | 33.55 billion | 10 |
| 1980s | 46.97 billion | 37.55 billion | 62.42 billion | 10 |
| 1990s | 85.08 billion | 68.89 billion | 102.27 billion | 10 |
| 2000s | 133.66 billion | 102.66 billion | 170.68 billion | 10 |
| 2010s | 218.62 billion | 180.33 billion | 268.01 billion | 10 |
| 2020s | 310.13 billion | 281.99 billion | 332.27 billion | 6 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Taxes less subsidies on products (current LCU), annual growth rate 1.82 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 99.26 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 3.60 million current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0005 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1,965 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1,435 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.0007 (2025)
- Gdp worldbank constant usd, annual growth rate 1.01 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 1.03 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 37,470 units per person (2025)
Frequently asked questions
- What is government expenditure vs gdp in Republic of Korea?
- Government expenditure vs gdp in Republic of Korea was 332.27 billion in 2025, according to Our World in Data.
- What is the highest government expenditure vs gdp recorded in Republic of Korea?
- The highest recorded value was 332.27 billion in 2025.
- What is the lowest government expenditure vs gdp recorded in Republic of Korea?
- The lowest recorded value was 10.82 billion in 1960.
- How does Republic of Korea rank for government expenditure vs gdp?
- Republic of Korea ranks 11th out of 166 countries with data for 2025.
- Is government expenditure vs gdp rising or falling in Republic of Korea?
- Over the last ten years it is up 50.5%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Our World in Data, published as part of Government expenditure vs gdp. Statizoid updates them automatically from the source API.
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