South Korea Government Budget
-1.4%▼ −0.65 pt
Dec 2025 · Annual
South Korea's budget balance as a share of GDP worsened to -1.43% in 2025 from -0.78% in 2024. The deficit remains below the all-time low of -2.11% recorded in 2020, while the series high of 3.91% was set in 2000. Data are available from 1995.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| -1.4% | -0.8% | 3.9%Dec 2000 | -2.1%Dec 2020 | 1995 – 2025 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Government Debt to GDP | 52.3% | 49.7% | 52.3% | 7.8% | Dec 2025 | Annual |
| Tax Revenue to GDP | 13.3% | 14.6% | 17.2% | 10.3% | Dec 2024 | Annual |
About this series
Government Budget in South Korea averaged 1.1% from 1995 until 2025, reaching an all-time high of 3.9% in Dec 2000 and a record low of -2.1% in Dec 2020. The series is reported yearly with history from 1995.
The budget balance measures the difference between government revenue and expenditure, expressed as a percentage of GDP. It is reported annually for South Korea, with the series spanning from 1995 to 2025. A negative value indicates a fiscal deficit.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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