Korea - Expense
Expense (current LCU)
The value for Expense (current LCU) in Korea was 529,477,000,000,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 529,477,000,000,000 in 2019 and a minimum value of 625,000,000,000 in 1973.
Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1972 | 661,000,000,000 |
| 1973 | 625,000,000,000 |
| 1974 | 977,000,000,000 |
| 1975 | 1,459,000,000,000 |
| 1976 | 2,108,000,000,000 |
| 1977 | 2,535,000,000,000 |
| 1978 | 3,421,000,000,000 |
| 1979 | 4,747,000,000,000 |
| 1980 | 5,963,000,000,000 |
| 1981 | 7,391,000,000,000 |
| 1982 | 9,117,000,000,000 |
| 1983 | 9,645,000,000,000 |
| 1984 | 10,767,000,000,000 |
| 1985 | 12,243,000,000,000 |
| 1986 | 13,638,000,000,000 |
| 1987 | 15,403,000,000,000 |
| 1988 | 17,840,000,000,000 |
| 1989 | 21,735,000,000,000 |
| 1990 | 26,593,000,000,000 |
| 1991 | 31,960,000,000,000 |
| 1992 | 37,244,000,000,000 |
| 1993 | 41,348,000,000,000 |
| 1994 | 49,124,000,000,000 |
| 1995 | 57,030,000,000,000 |
| 1996 | 65,038,000,000,000 |
| 1997 | 70,737,000,000,000 |
| 1998 | 82,057,100,000,000 |
| 1999 | 87,806,700,000,000 |
| 2000 | 100,293,000,000,000 |
| 2001 | 115,462,000,000,000 |
| 2002 | 121,160,000,000,000 |
| 2003 | 144,874,000,000,000 |
| 2004 | 155,968,000,000,000 |
| 2005 | 170,612,000,000,000 |
| 2006 | 186,558,000,000,000 |
| 2007 | 196,369,000,000,000 |
| 2008 | 211,421,000,000,000 |
| 2009 | 232,660,000,000,000 |
| 2010 | 233,138,000,000,000 |
| 2011 | 251,895,000,000,000 |
| 2012 | 354,749,000,000,000 |
| 2013 | 360,686,000,000,000 |
| 2014 | 369,147,000,000,000 |
| 2015 | 389,460,000,000,000 |
| 2016 | 409,162,000,000,000 |
| 2017 | 439,886,000,000,000 |
| 2018 | 472,992,000,000,000 |
| 2019 | 529,477,000,000,000 |
Expense (% of GDP)
Expense (% of GDP) in Korea was 27.51 as of 2019. Its highest value over the past 47 years was 27.51 in 2019, while its lowest value was 11.31 in 1973.
Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1972 | 15.49 |
| 1973 | 11.31 |
| 1974 | 12.36 |
| 1975 | 13.84 |
| 1976 | 14.57 |
| 1977 | 13.62 |
| 1978 | 13.60 |
| 1979 | 14.65 |
| 1980 | 15.01 |
| 1981 | 14.88 |
| 1982 | 15.91 |
| 1983 | 14.17 |
| 1984 | 13.70 |
| 1985 | 13.89 |
| 1986 | 13.24 |
| 1987 | 12.66 |
| 1988 | 12.22 |
| 1989 | 13.11 |
| 1990 | 13.26 |
| 1991 | 13.18 |
| 1992 | 13.42 |
| 1993 | 13.12 |
| 1994 | 13.19 |
| 1995 | 13.05 |
| 1996 | 13.25 |
| 1997 | 13.05 |
| 1998 | 15.27 |
| 1999 | 14.85 |
| 2000 | 15.39 |
| 2001 | 16.33 |
| 2002 | 15.44 |
| 2003 | 17.30 |
| 2004 | 17.17 |
| 2005 | 17.82 |
| 2006 | 18.55 |
| 2007 | 18.02 |
| 2008 | 18.32 |
| 2009 | 19.30 |
| 2010 | 17.63 |
| 2011 | 18.14 |
| 2012 | 24.63 |
| 2013 | 24.03 |
| 2014 | 23.62 |
| 2015 | 23.49 |
| 2016 | 23.50 |
| 2017 | 23.96 |
| 2018 | 24.92 |
| 2019 | 27.51 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
