South Korea Government Accounts: % of GDP: Forecast: OECD Member: Annual
General Government: % of GDP: Current Disbursements
KR: General Government: % of GDP: Current Disbursements data was reported at 32.501 % in 2025. This records an increase from the previous number of 31.891 % for 2024. KR: General Government: % of GDP: Current Disbursements data is updated yearly, averaging 17.746 % from Dec 1970 (Median) to 2025, with 56 observations. The data reached an all-time high of 37.530 % in 2022 and a record low of 13.153 % in 1973. KR: General Government: % of GDP: Current Disbursements data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. YPGQ - Current disbursements, general government, as a percentage of GDPData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security
| Last | Frequency | Range |
|---|---|---|
| 32.501 2025 | yearly | 1970 - 2025 |
View South Korea's General Government: % of GDP: Current Disbursements from 1970 to 2025 in the chart:
General Government: % of GDP: Current Receipts
KR: General Government: % of GDP: Current Receipts data was reported at 34.741 % in 2025. This records an increase from the previous number of 33.731 % for 2024. KR: General Government: % of GDP: Current Receipts data is updated yearly, averaging 24.721 % from Dec 1970 (Median) to 2025, with 56 observations. The data reached an all-time high of 38.150 % in 2022 and a record low of 15.588 % in 1973. KR: General Government: % of GDP: Current Receipts data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. YRGQ - General government current receipts, as a percentage of GDP
| Last | Frequency | Range |
|---|---|---|
| 34.741 2025 | yearly | 1970 - 2025 |
View South Korea's General Government: % of GDP: Current Receipts from 1970 to 2025 in the chart:
General Government: % of GDP: Gross Financial Liabilities
KR: General Government: % of GDP: Gross Financial Liabilities data was reported at 58.680 Ratio in 2025. This records an increase from the previous number of 56.963 Ratio for 2024. KR: General Government: % of GDP: Gross Financial Liabilities data is updated yearly, averaging 42.363 Ratio from Dec 2008 (Median) to 2025, with 18 observations. The data reached an all-time high of 58.680 Ratio in 2025 and a record low of 28.139 Ratio in 2008. KR: General Government: % of GDP: Gross Financial Liabilities data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. GGFLQ-General government gross financial liabilities, as a percentage of GDPData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security
| Last | Frequency | Range |
|---|---|---|
| 58.680 2025 | yearly | 2008 - 2025 |
View South Korea's General Government: % of GDP: Gross Financial Liabilities from 2008 to 2025 in the chart:
General Government: % of GDP: Gross Financial Liabilities: Double Hit Scenario
KR: General Government: % of GDP: Gross Financial Liabilities: Double Hit Scenario data was reported at 44.155 Ratio in 2021. This records an increase from the previous number of 41.255 Ratio for 2020. KR: General Government: % of GDP: Gross Financial Liabilities: Double Hit Scenario data is updated yearly, averaging 39.107 Ratio from Dec 2008 (Median) to 2021, with 14 observations. The data reached an all-time high of 44.155 Ratio in 2021 and a record low of 28.139 Ratio in 2008. KR: General Government: % of GDP: Gross Financial Liabilities: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. GGFLQ-General government gross financial liabilities, as a percentage of GDPData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security
| Last | Frequency | Range |
|---|---|---|
| 44.155 2021 | yearly | 2008 - 2021 |
View South Korea's General Government: % of GDP: Gross Financial Liabilities: Double Hit Scenario from 2008 to 2021 in the chart:
General Government: % of GDP: Gross Financial Liabilities: Single Hit Scenario
KR: General Government: % of GDP: Gross Financial Liabilities: Single Hit Scenario data was reported at 43.273 Ratio in 2021. This records an increase from the previous number of 39.268 Ratio for 2020. KR: General Government: % of GDP: Gross Financial Liabilities: Single Hit Scenario data is updated yearly, averaging 39.107 Ratio from Dec 2008 (Median) to 2021, with 14 observations. The data reached an all-time high of 43.405 Ratio in 2015 and a record low of 28.139 Ratio in 2008. KR: General Government: % of GDP: Gross Financial Liabilities: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. GGFLQ-General government gross financial liabilities, as a percentage of GDPData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security
| Last | Frequency | Range |
|---|---|---|
| 43.273 2021 | yearly | 2008 - 2021 |
View South Korea's General Government: % of GDP: Gross Financial Liabilities: Single Hit Scenario from 2008 to 2021 in the chart:
General Government: % of GDP: Net Interest Payments
KR: General Government: % of GDP: Net Interest Payments data was reported at 0.881 % in 2025. This records an increase from the previous number of 0.525 % for 2024. KR: General Government: % of GDP: Net Interest Payments data is updated yearly, averaging -0.196 % from Dec 1970 (Median) to 2025, with 56 observations. The data reached an all-time high of 0.881 % in 2025 and a record low of -1.018 % in 1998. KR: General Government: % of GDP: Net Interest Payments data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. GNINTQ - Net general government interest payments, as a percentage of GDP
| Last | Frequency | Range |
|---|---|---|
| 0.881 2025 | yearly | 1970 - 2025 |
View South Korea's General Government: % of GDP: Net Interest Payments from 1970 to 2025 in the chart:
General Government: % of GDP: Net Lending
KR: General Government: % of GDP: Net Lending data was reported at -1.183 % in 2025. This records an increase from the previous number of -1.573 % for 2024. KR: General Government: % of GDP: Net Lending data is updated yearly, averaging 0.970 % from Dec 1970 (Median) to 2025, with 56 observations. The data reached an all-time high of 4.167 % in 2000 and a record low of -4.035 % in 1975. KR: General Government: % of GDP: Net Lending data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. NLGQ - General government net lending, as a percentage of GDPData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security
| Last | Frequency | Range |
|---|---|---|
| -1.183 2025 | yearly | 1970 - 2025 |
View South Korea's General Government: % of GDP: Net Lending from 1970 to 2025 in the chart:
General Government: % of GDP: Net Lending: Double Hit Scenario
KR: General Government: % of GDP: Net Lending: Double Hit Scenario data was reported at -3.262 % in 2021. This records a decrease from the previous number of -3.228 % for 2020. KR: General Government: % of GDP: Net Lending: Double Hit Scenario data is updated yearly, averaging 1.026 % from Dec 1970 (Median) to 2021, with 52 observations. The data reached an all-time high of 4.167 % in 2000 and a record low of -4.035 % in 1975. KR: General Government: % of GDP: Net Lending: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. NLGQ - General government net lending, as a percentage of GDPData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security Net lending:https://stats.oecd.org/glossary/detail.asp?ID=1758
| Last | Frequency | Range |
|---|---|---|
| -3.262 2021 | yearly | 1970 - 2021 |
View South Korea's General Government: % of GDP: Net Lending: Double Hit Scenario from 1970 to 2021 in the chart:
General Government: % of GDP: Net Lending: Single Hit Scenario
KR: General Government: % of GDP: Net Lending: Single Hit Scenario data was reported at -2.569 % in 2021. This records an increase from the previous number of -2.932 % for 2020. KR: General Government: % of GDP: Net Lending: Single Hit Scenario data is updated yearly, averaging 1.026 % from Dec 1970 (Median) to 2021, with 52 observations. The data reached an all-time high of 4.167 % in 2000 and a record low of -4.035 % in 1975. KR: General Government: % of GDP: Net Lending: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. NLGQ - General government net lending, as a percentage of GDPData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security Net lending:https://stats.oecd.org/glossary/detail.asp?ID=1758
| Last | Frequency | Range |
|---|---|---|
| -2.569 2021 | yearly | 1970 - 2021 |
View South Korea's General Government: % of GDP: Net Lending: Single Hit Scenario from 1970 to 2021 in the chart:
General Government: % of GDP: Primary Balance
KR: General Government: % of GDP: Primary Balance data was reported at -0.303 % in 2025. This records an increase from the previous number of -1.048 % for 2024. KR: General Government: % of GDP: Primary Balance data is updated yearly, averaging 0.630 % from Dec 1970 (Median) to 2025, with 56 observations. The data reached an all-time high of 3.227 % in 2000 and a record low of -4.101 % in 1975. KR: General Government: % of GDP: Primary Balance data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. NLGXQ - General government primary balance, as a percentage of GDPGeneral government net lending excluding net interest payments OECD calculation, see OECD Economic Outlook database documentation
| Last | Frequency | Range |
|---|---|---|
| -0.303 2025 | yearly | 1970 - 2025 |
View South Korea's General Government: % of GDP: Primary Balance from 1970 to 2025 in the chart:
General Government: % of GDP: Primary Balance: Double Hit Scenario
KR: General Government: % of GDP: Primary Balance: Double Hit Scenario data was reported at -3.785 % in 2021. This records a decrease from the previous number of -3.631 % for 2020. KR: General Government: % of GDP: Primary Balance: Double Hit Scenario data is updated yearly, averaging 0.679 % from Dec 1970 (Median) to 2021, with 52 observations. The data reached an all-time high of 3.227 % in 2000 and a record low of -4.101 % in 1975. KR: General Government: % of GDP: Primary Balance: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. NLGXQ - General government primary balance, as a percentage of GDPGeneral government net lending excluding net interest payments OECD calculation, see OECD Economic Outlook, Database Inventory OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf
| Last | Frequency | Range |
|---|---|---|
| -3.785 2021 | yearly | 1970 - 2021 |
View South Korea's General Government: % of GDP: Primary Balance: Double Hit Scenario from 1970 to 2021 in the chart:
General Government: % of GDP: Primary Balance: Single Hit Scenario
KR: General Government: % of GDP: Primary Balance: Single Hit Scenario data was reported at -3.089 % in 2021. This records an increase from the previous number of -3.329 % for 2020. KR: General Government: % of GDP: Primary Balance: Single Hit Scenario data is updated yearly, averaging 0.679 % from Dec 1970 (Median) to 2021, with 52 observations. The data reached an all-time high of 3.227 % in 2000 and a record low of -4.101 % in 1975. KR: General Government: % of GDP: Primary Balance: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. NLGXQ - General government primary balance, as a percentage of GDPGeneral government net lending excluding net interest payments OECD calculation, see OECD Economic Outlook, Database Inventory OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf
| Last | Frequency | Range |
|---|---|---|
| -3.089 2021 | yearly | 1970 - 2021 |
View South Korea's General Government: % of GDP: Primary Balance: Single Hit Scenario from 1970 to 2021 in the chart:
General Government: % of GDP: Taxes and Social Security Contributions
KR: General Government: % of GDP: Taxes and Social Security Contributions data was reported at 30.400 % in 2025. This records an increase from the previous number of 29.308 % for 2024. KR: General Government: % of GDP: Taxes and Social Security Contributions data is updated yearly, averaging 19.837 % from Dec 1970 (Median) to 2025, with 56 observations. The data reached an all-time high of 32.731 % in 2022 and a record low of 12.259 % in 1973. KR: General Government: % of GDP: Taxes and Social Security Contributions data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. TAXQ - Taxes and social security contributions received by general government, as a percentage of GDPData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security
| Last | Frequency | Range |
|---|---|---|
| 30.400 2025 | yearly | 1970 - 2025 |
View South Korea's General Government: % of GDP: Taxes and Social Security Contributions from 1970 to 2025 in the chart:
General Government: % of GDP: Total Disbursements
KR: General Government: % of GDP: Total Disbursements data was reported at 36.626 % in 2025. This records an increase from the previous number of 36.037 % for 2024. KR: General Government: % of GDP: Total Disbursements data is updated yearly, averaging 24.146 % from Dec 1970 (Median) to 2025, with 56 observations. The data reached an all-time high of 40.875 % in 2022 and a record low of 17.956 % in 1973. KR: General Government: % of GDP: Total Disbursements data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. YPGTQ - Total disbursements, general government, as a percentage of GDPData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security
| Last | Frequency | Range |
|---|---|---|
| 36.626 2025 | yearly | 1970 - 2025 |
View South Korea's General Government: % of GDP: Total Disbursements from 1970 to 2025 in the chart:
General Government: % of GDP: Total Receipts
KR: General Government: % of GDP: Total Receipts data was reported at 35.442 % in 2025. This records an increase from the previous number of 34.464 % for 2024. KR: General Government: % of GDP: Total Receipts data is updated yearly, averaging 25.069 % from Dec 1970 (Median) to 2025, with 56 observations. The data reached an all-time high of 39.034 % in 2022 and a record low of 15.646 % in 1973. KR: General Government: % of GDP: Total Receipts data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. YRGTQ - Total receipts general government, as a percentage of GDPData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security
| Last | Frequency | Range |
|---|---|---|
| 35.442 2025 | yearly | 1970 - 2025 |