In 2021, general government total expenditure (% of GDP) for Republic of Korea was 25.8 %. General government total expenditure (% of GDP) of Republic of Korea increased from 16.5 % in 2002 to 25.8 % in 2021 growing at an average annual rate of 2.51%.
The description is composed by our digital data assistant.Total expenditure consists of total expense and the net acquisition of non-financial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of non-financial assets into account.
| Date | Value | Change, % |
|---|---|---|
| 2021 | 25.8 | 2.99% |
| 2020 | 25.1 | 11.28% |
| 2019 | 22.6 | 10.64% |
| 2018 | 20.4 | 3.79% |
| 2017 | 19.6 | 0.77% |
| 2016 | 19.5 | -1.27% |
| 2015 | 19.7 | -0.10% |
| 2014 | 19.8 | -0.74% |
| 2013 | 19.9 | 1.22% |
| 2012 | 19.7 | 3.13% |
| 2011 | 19.1 | 2.37% |
| 2010 | 18.6 |