Korea - Goods and services expense
Goods and services expense (current LCU)
The value for Goods and services expense (current LCU) in Korea was 57,858,800,000,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 61,136,000,000,000 in 2017 and a minimum value of 163,000,000,000 in 1972.
Definition: Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1972 | 163,000,000,000 |
| 1973 | 181,000,000,000 |
| 1974 | 318,000,000,000 |
| 1975 | 465,000,000,000 |
| 1976 | 659,000,000,000 |
| 1977 | 865,000,000,000 |
| 1978 | 1,292,000,000,000 |
| 1979 | 1,353,000,000,000 |
| 1980 | 1,910,000,000,000 |
| 1981 | 2,395,000,000,000 |
| 1982 | 2,714,000,000,000 |
| 1983 | 2,942,000,000,000 |
| 1984 | 3,006,000,000,000 |
| 1985 | 3,527,000,000,000 |
| 1986 | 3,930,000,000,000 |
| 1987 | 4,410,000,000,000 |
| 1988 | 4,886,000,000,000 |
| 1989 | 5,476,000,000,000 |
| 1990 | 6,244,000,000,000 |
| 1991 | 7,423,000,000,000 |
| 1992 | 8,339,000,000,000 |
| 1993 | 8,827,000,000,000 |
| 1994 | 9,460,000,000,000 |
| 1995 | 8,884,000,000,000 |
| 1996 | 10,007,000,000,000 |
| 1997 | 11,056,000,000,000 |
| 1998 | 11,688,900,000,000 |
| 1999 | 9,714,340,000,000 |
| 2000 | 13,557,200,000,000 |
| 2001 | 13,830,400,000,000 |
| 2002 | 14,820,800,000,000 |
| 2003 | 14,681,000,000,000 |
| 2004 | 15,664,400,000,000 |
| 2005 | 16,626,000,000,000 |
| 2006 | 18,255,000,000,000 |
| 2007 | 12,763,400,000,000 |
| 2008 | 14,449,800,000,000 |
| 2009 | 25,233,000,000,000 |
| 2010 | 25,868,400,000,000 |
| 2011 | 27,486,700,000,000 |
| 2012 | 42,695,600,000,000 |
| 2013 | 47,488,800,000,000 |
| 2014 | 49,291,000,000,000 |
| 2015 | 57,492,000,000,000 |
| 2016 | 60,568,900,000,000 |
| 2017 | 61,136,000,000,000 |
| 2018 | 54,868,000,000,000 |
| 2019 | 57,858,800,000,000 |
Goods and services expense (% of expense)
Goods and services expense (% of expense) in Korea was 10.93 as of 2019. Its highest value over the past 47 years was 37.77 in 1978, while its lowest value was 6.50 in 2007.
Definition: Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1972 | 24.66 |
| 1973 | 28.96 |
| 1974 | 32.55 |
| 1975 | 31.87 |
| 1976 | 31.26 |
| 1977 | 34.12 |
| 1978 | 37.77 |
| 1979 | 28.50 |
| 1980 | 32.03 |
| 1981 | 32.40 |
| 1982 | 29.77 |
| 1983 | 30.50 |
| 1984 | 27.92 |
| 1985 | 28.81 |
| 1986 | 28.82 |
| 1987 | 28.63 |
| 1988 | 27.39 |
| 1989 | 25.19 |
| 1990 | 23.48 |
| 1991 | 23.23 |
| 1992 | 22.39 |
| 1993 | 21.35 |
| 1994 | 19.26 |
| 1995 | 15.58 |
| 1996 | 15.39 |
| 1997 | 15.63 |
| 1998 | 14.24 |
| 1999 | 11.06 |
| 2000 | 13.52 |
| 2001 | 11.98 |
| 2002 | 12.23 |
| 2003 | 10.13 |
| 2004 | 10.04 |
| 2005 | 9.74 |
| 2006 | 9.79 |
| 2007 | 6.50 |
| 2008 | 6.83 |
| 2009 | 10.85 |
| 2010 | 11.10 |
| 2011 | 10.91 |
| 2012 | 12.04 |
| 2013 | 13.17 |
| 2014 | 13.35 |
| 2015 | 14.76 |
| 2016 | 14.80 |
| 2017 | 13.90 |
| 2018 | 11.60 |
| 2019 | 10.93 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
