In 2022, the central government's fiscal balance in South Korea accounted for about -7 percent of gross domestic product (GDP). The government's fiscal balance as a share of GDP has declined in recent years.
Share of central government's fiscal balance in gross domestic product (GDP) in South Korea from 2017 to 2022
Characteristic
Share of fiscal balance in GDP
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Asian Development Bank. (April 3, 2023). Share of central government's fiscal balance in gross domestic product (GDP) in South Korea from 2017 to 2022 [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/934602/south-korea-fiscal-balance-government-as-a-share-of-gdp/
Asian Development Bank. "Share of central government's fiscal balance in gross domestic product (GDP) in South Korea from 2017 to 2022." Chart. April 3, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/934602/south-korea-fiscal-balance-government-as-a-share-of-gdp/
Asian Development Bank. (2023). Share of central government's fiscal balance in gross domestic product (GDP) in South Korea from 2017 to 2022. Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/934602/south-korea-fiscal-balance-government-as-a-share-of-gdp/
Asian Development Bank. "Share of Central Government's Fiscal Balance in Gross Domestic Product (Gdp) in South Korea from 2017 to 2022." Statista, Statista Inc., 3 Apr 2023, https://www.statista.com/statistics/934602/south-korea-fiscal-balance-government-as-a-share-of-gdp/
Asian Development Bank, Share of central government's fiscal balance in gross domestic product (GDP) in South Korea from 2017 to 2022 Statista, https://www.statista.com/statistics/934602/south-korea-fiscal-balance-government-as-a-share-of-gdp/ (last visited June 18, 2024)
Share of central government's fiscal balance in gross domestic product (GDP) in South Korea from 2017 to 2022 [Graph], Asian Development Bank, April 3, 2023. [Online]. Available: https://www.statista.com/statistics/934602/south-korea-fiscal-balance-government-as-a-share-of-gdp/