The budget balance in relation to the GDP in South Korea was forecast to continuously increase between 2024 and 2030 by in total 0.23 percentage points. The budget balance is estimated to amount to -0.41 percent in 2030. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
Find more key insights for the budget balance in relation to the GDP in countries like Japan, Taiwan, and China.
South Korea: Budget balance between 2020 to 2030 in relation to GDP
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IMF. (April 22, 2025). South Korea: Budget balance between 2020 to 2030 in relation to GDP [Graph]. In Statista. Retrieved June 06, 2025, from https://www.statista.com/statistics/939353/south-korea-budget-balance-in-relation-to-gdp/
IMF. "South Korea: Budget balance between 2020 to 2030 in relation to GDP." Chart. April 22, 2025. Statista. Accessed June 06, 2025. https://www.statista.com/statistics/939353/south-korea-budget-balance-in-relation-to-gdp/
IMF. (2025). South Korea: Budget balance between 2020 to 2030 in relation to GDP. Statista. Statista Inc.. Accessed: June 06, 2025. https://www.statista.com/statistics/939353/south-korea-budget-balance-in-relation-to-gdp/
IMF. "South Korea: Budget Balance between 2020 to 2030 in Relation to Gdp." Statista, Statista Inc., 22 Apr 2025, https://www.statista.com/statistics/939353/south-korea-budget-balance-in-relation-to-gdp/
IMF, South Korea: Budget balance between 2020 to 2030 in relation to GDP Statista, https://www.statista.com/statistics/939353/south-korea-budget-balance-in-relation-to-gdp/ (last visited June 06, 2025)
South Korea: Budget balance between 2020 to 2030 in relation to GDP [Graph], IMF, April 22, 2025. [Online]. Available: https://www.statista.com/statistics/939353/south-korea-budget-balance-in-relation-to-gdp/
