Korea, Rep.—Government Expenditure (% of GDP)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #62 of 138Updated April 2026
Latest Value
28.3%
2023
YoY Change
-9.5%
2022 → 2023
Global Rank
#62
of 138 countries
Maximum
31.3%
2022
Minimum
14.8%
2000
CAGR
+2.8%
24 years
Last
28.3%
Previous
31.3%
Highest
31.3%
Lowest
14.8%
Source
World Bank World Development Indicators
Korea, Rep.'s government expenditure (% of gdp) was 28.3% in 2023, ranking #62 out of 138 countries. This represents a -9.5% change from 2022. Over the past 24 years, the highest recorded value was 31.3% (2022) and the lowest was 14.8% (2000). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 28.3% | -9.5% |
| 2022 | 31.3% | +9.6% |
| 2021 | 28.5% | +1.9% |
| 2020 | 28.0% | +8.0% |
| 2019 | 25.9% | +10.1% |
| 2018 | 23.6% | +3.6% |
| 2017 | 22.7% | +1.9% |
| 2016 | 22.3% | -0.2% |
| 2015 | 22.4% | -0.7% |
| 2014 | 22.5% | -1.9% |
| 2013 | 23.0% | -2.6% |
| 2012 | 23.6% | +35.6% |
| 2011 | 17.4% | +2.9% |
| 2010 | 16.9% | -8.8% |
| 2009 | 18.5% | +5.5% |
| 2008 | 17.6% | +1.5% |
| 2007 | 17.3% | -3.0% |
| 2006 | 17.8% | +4.1% |
| 2005 | 17.1% | +3.6% |
| 2004 | 16.5% | -0.9% |
| 2003 | 16.7% | +12.0% |
| 2002 | 14.9% | -5.5% |
| 2001 | 15.8% | +6.2% |
| 2000 | 14.8% |
Top Countries — Government Expenditure (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Nauru | 103.6% | 2020 |
| 2 | Kiribati | 84.6% | 2023 |
| 3 | Ukraine | 65.6% | 2023 |
| 4 | Marshall Islands | 59.4% | 2020 |
| 5 | Palau | 58.3% | 2020 |
| 6 | Timor-Leste | 52.5% | 2022 |
| 7 | Greece | 47.3% | 2023 |
| 8 | Italy | 47.3% | 2023 |
| 9 | France | 47.3% | 2023 |
| 10 | Austria | 46.0% | 2023 |