South Korea — General government deficit (% of GDP)
% of GDP · Annual · 1953–2031 · 78 observations
About this series
The general government deficit series records the period's fiscal balance under the source's accounting and sign convention. A deficit indicates a shortfall; the series is a flow, not a debt stock. This series expresses that measure as a percentage of GDP for the matching period.
The latest general government deficit reading for South Korea was −2.5% of GDP in 2025. The previous reading was −1.47% of GDP in 2024; the period change was −1.03 percentage points. The latest reading was below the selected 10-year average of 0.06% of GDP.
Get the full series
- Annual data, 1953–2031
- All 5 sources, downloadable
Latest observations
2016–2031
| Period | Value |
|---|---|
| 2031 | -1.08 % of GDP |
| 2030 | -1.09 % of GDP |
| 2029 | -1.08 % of GDP |
| 2028 | -1.28 % of GDP |
| 2027 | -2.07 % of GDP |
11 earlier values, back to 2016
| 2026 | -2.14 % of GDP |
| 2025 | -2.5 % of GDP |
| 2024 | -1.47 % of GDP |
| 2023 | -0.86 % of GDP |
| 2022 | -0.01 % of GDP |
| 2021 | -0.31 % of GDP |
| 2020 | -2.58 % of GDP |
| 2019 | 0.91 % of GDP |
| 2018 | 2.85 % of GDP |
| 2017 | 2.49 % of GDP |
| 2016 | 2.07 % of GDP |