The ratio of government expenditure to GDP in South Korea was forecast to decrease between 2024 and 2029 by in total 0.3 percentage points. This overall decrease does not happen continuously, notably not in 2029. The ratio is estimated to amount to 24.21 percent in 2029. Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
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South Korea: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029
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IMF. (April 22, 2024). South Korea: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/939351/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-south-korea/
IMF. "South Korea: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029." Chart. April 22, 2024. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/939351/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-south-korea/
IMF. (2024). South Korea: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029. Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/939351/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-south-korea/
IMF. "South Korea: Ratio of Government Expenditure to Gross Domestic Product (Gdp) from 2019 to 2029." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/939351/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-south-korea/
IMF, South Korea: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 Statista, https://www.statista.com/statistics/939351/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-south-korea/ (last visited October 06, 2024)
South Korea: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/939351/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-south-korea/