In 2023, South Korea reported a government budget deficit of approximately 36.8 trillion South Korean won. The fiscal deficit of South Korea worsened significantly following the outbreak of the COVID-19 pandemic.
Government budget balance in South Korea from 1970 to 2023
(in trillion South Korean won)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statistics Korea. (June 18, 2024). Government budget balance in South Korea from 1970 to 2023 (in trillion South Korean won) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1478342/south-korea-budget-balance/
Statistics Korea. "Government budget balance in South Korea from 1970 to 2023 (in trillion South Korean won)." Chart. June 18, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1478342/south-korea-budget-balance/
Statistics Korea. (2024). Government budget balance in South Korea from 1970 to 2023 (in trillion South Korean won). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1478342/south-korea-budget-balance/
Statistics Korea. "Government Budget Balance in South Korea from 1970 to 2023 (in Trillion South Korean Won)." Statista, Statista Inc., 18 Jun 2024, https://www.statista.com/statistics/1478342/south-korea-budget-balance/
Statistics Korea, Government budget balance in South Korea from 1970 to 2023 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1478342/south-korea-budget-balance/ (last visited November 22, 2024)
Government budget balance in South Korea from 1970 to 2023 (in trillion South Korean won) [Graph], Statistics Korea, June 18, 2024. [Online]. Available: https://www.statista.com/statistics/1478342/south-korea-budget-balance/