Korea - Budget Deficit 2015
0.50%
−0.08% from 2014
Korea's budget deficit was 0.50% in 2015, decreased +0.08% from 0.57% in 2014. This was the 170th highest globally.
Global Ranking - 2015▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Timor-Leste | -33.21% | 11.5% |
| 2nd | Libya | -28.49% | 6.6% |
| 3rd | Congo, Republic of | -17.81% | -65.9% |
| 4th | Bahrain | -17.46% | -426.1% |
| 5th | South Sudan | -16.42% | -81.1% |
| 6th | Djibouti | -15.54% | -124.7% |
| 7th | Equatorial Guinea | -15.10% | -100.2% |
| 8th | Saudi Arabia | -14.94% | -339.1% |
| 9th | Brunei Darussalam | -14.52% | -506.1% |
| 10th | Algeria | -13.88% | -94.2% |
| 11th | Oman | -13.47% | -754.4% |
| 12th | Iraq | -12.83% | -127.8% |
| 13th | Egypt, Arab Republic of | -10.37% | 3.3% |
| 14th | Brazil | -9.28% | -47.9% |
| 15th | Zambia | -8.88% | -63.4% |
| 16th | Yemen, Republic of | -8.75% | -111.6% |
| 17th | Vanuatu | -8.66% | -703.7% |
| 18th | Namibia | -8.30% | -28.8% |
| 19th | Suriname | -8.29% | -212.9% |
| 20th | Barbados | -8.15% | -23.6% |
| 21st | São Tomé and Principe | -7.60% | -21.1% |
| 22nd | Burundi | -7.56% | -92.4% |
| 23rd | Lebanon | -7.48% | -20.4% |
| 24th | Trinidad and Tobago | -7.37% | -70.0% |
| 25th | India | -7.21% | -1.9% |
| 26th | Jordan | -7.10% | 54.2% |
| 27th | Togo | -7.04% | 1.1% |
| 28th | Bolivia, Plurinational State of | -6.94% | -103.4% |
| 29th | Ecuador | -6.87% | 15.3% |
| 30th | Niger | -6.75% | -10.2% |
| 31st | Kenya | -6.68% | -16.1% |
| 32nd | Sri Lanka | -6.64% | -10.8% |
| 33rd | Mozambique | -6.56% | 32.8% |
| 34th | Guinea | -6.53% | -116.7% |
| 35th | Maldives | -6.52% | -169.5% |
| 36th | United Arab Emirates | -6.35% | -464.5% |
| 37th | Kazakhstan | -6.26% | -352.2% |
| 38th | Montenegro | -6.03% | -760.9% |
| 39th | Argentina | -6.00% | -41.1% |
| 40th | Eswatini | -5.88% | -405.4% |
| 41st | Lao PDR | -5.57% | -77.8% |
| 42nd | Benin | -5.55% | -236.3% |
| 43rd | Costa Rica | -5.52% | -1.2% |
| 44th | Gambia, The | -5.38% | -36.5% |
| 45th | Spain | -5.27% | 13.3% |
| 46th | Belize | -5.14% | -198.3% |
| 47th | Mongolia | -5.04% | -35.4% |
| 48th | Viet Nam | -4.98% | 0.7% |
| 49th | Tunisia | -4.95% | -58.9% |
| 50th | Armenia | -4.84% | -148.9% |
| 51st | Azerbaijan | -4.83% | -276.3% |
| 52nd | Botswana | -4.82% | -223.7% |
| 53rd | Pakistan | -4.74% | -8.5% |
| 54th | West Bank and Gaza | -4.66% | -83.0% |
| 55th | United Kingdom | -4.59% | 16.9% |
| 56th | Morocco | -4.59% | 3.9% |
| 57th | Papua New Guinea | -4.55% | 27.4% |
| 58th | Portugal | -4.37% | 40.2% |
| 59th | South Africa | -4.37% | -11.4% |
| 60th | Myanmar | -4.33% | -306.2% |
| 61st | Albania | -4.32% | 20.9% |
| 62nd | Cameroon | -4.25% | -3.9% |
| 63rd | Malawi | -4.17% | -35.2% |
| 64th | Cabo Verde | -4.16% | 40.0% |
| 65th | Ghana | -4.01% | 48.7% |
| 66th | Fiji | -3.91% | -12.1% |
| 67th | France | -3.89% | 15.0% |
| 68th | Sudan | -3.87% | 18.0% |
| 69th | Mexico | -3.86% | 11.7% |
| 70th | Samoa | -3.79% | 29.6% |
| 71st | Liberia | -3.74% | 24.0% |
| 72nd | Japan | -3.68% | 34.5% |
| 73rd | Senegal | -3.66% | 6.0% |
| 74th | El Salvador | -3.63% | 9.6% |
| 75th | United States | -3.53% | 12.3% |
| 76th | Croatia | -3.53% | 32.1% |
| 77th | Colombia | -3.52% | -101.8% |
| 78th | Mauritius | -3.48% | -13.9% |
| 79th | North Macedonia | -3.48% | 17.2% |
| 80th | Russian Federation | -3.39% | -216.4% |
| 81st | Bahamas, The | -3.34% | 26.0% |
| 82nd | San Marino | -3.32% | -412.4% |
| 83rd | Chad | -3.29% | -2.2% |
| 84th | Bangladesh | -3.29% | -25.6% |
| 85th | Serbia | -3.25% | 42.1% |
| 86th | Tanzania | -3.17% | -8.9% |
| 87th | Guinea-Bissau | -3.16% | -29.8% |
| 88th | Greece | -3.03% | 29.4% |
| 89th | Belarus | -2.96% | -3,321.7% |
| 90th | Sierra Leone | -2.87% | -3.5% |
| 91st | Madagascar | -2.85% | -45.3% |
| 92nd | Slovenia | -2.84% | 37.3% |
| 93rd | Australia | -2.79% | 4.5% |
| 94th | Slovak Republic | -2.78% | 14.3% |
| 95th | Bulgaria | -2.78% | 24.0% |
| 96th | Eritrea | -2.77% | -2,167.2% |
| 97th | Tonga | -2.75% | -143.1% |
| 98th | Indonesia | -2.72% | -50.9% |
| 99th | Nigeria | -2.70% | -56.3% |
| 100th | Rwanda | -2.68% | 31.5% |
| 101st | Poland | -2.60% | 29.1% |
| 102nd | Uganda | -2.59% | 5.3% |
| 103rd | Angola | -2.58% | 49.2% |
| 104th | Malaysia | -2.55% | 3.1% |
| 105th | Kyrgyz Republic | -2.52% | 18.0% |
| 106th | China | -2.50% | -272.0% |
| 107th | Belgium | -2.48% | 22.0% |
| 108th | Italy | -2.46% | 12.8% |
| 109th | Mauritania | -2.44% | 7.5% |
| 110th | Finland | -2.43% | 19.0% |
| 111th | Antigua and Barbuda | -2.42% | 7.0% |
| 112th | St. Lucia | -2.33% | 23.7% |
| 113th | Panama | -2.30% | 28.5% |
| 114th | Puerto Rico (US) | -2.12% | 31.1% |
| 115th | Burkina Faso | -2.09% | -20.3% |
| 116th | Chile | -2.09% | -39.6% |
| 117th | Côte d'Ivoire | -2.04% | -30.2% |
| 118th | Peru | -2.02% | -974.5% |
| 119th | St. Vincent and the Grenadines | -2.01% | 28.6% |
| 120th | Hungary | -2.00% | 27.8% |
| 121st | Ireland | -1.97% | 43.9% |
| 122nd | Tajikistan | -1.96% | -312.9% |
| 123rd | Moldova | -1.93% | -20.4% |
| 124th | Uruguay | -1.86% | 28.6% |
| 125th | Netherlands | -1.84% | 15.6% |
| 126th | Mali | -1.82% | 36.9% |
| 127th | Nicaragua | -1.64% | -83.3% |
| 128th | Latvia | -1.57% | 9.8% |
| 129th | Aruba | -1.48% | 80.2% |
| 130th | Guatemala | -1.47% | 23.4% |
| 131st | Haiti | -1.47% | 59.6% |
| 132nd | Zimbabwe | -1.45% | -104.8% |
| 133rd | Lesotho | -1.38% | -143.7% |
| 134th | Afghanistan | -1.38% | 19.8% |
| 135th | Congo, Democratic Republic of | -1.35% | -136.3% |
| 136th | Romania | -1.35% | 23.4% |
| 137th | Iran, Islamic Republic of | -1.30% | -43.2% |
| 138th | Israel | -1.21% | 47.2% |
| 139th | Georgia | -1.16% | 34.6% |
| 140th | Ukraine | -1.16% | 74.0% |
| 141st | Gabon | -1.12% | -118.7% |
| 142nd | Denmark | -0.90% | -162.7% |
| 143rd | Malta | -0.84% | 43.6% |
| 144th | Grenada | -0.80% | 80.9% |
| 145th | Honduras | -0.78% | 72.2% |
| 146th | Cyprus | -0.77% | 91.3% |
| 147th | Lithuania | -0.77% | 57.2% |
| 148th | Guyana | -0.75% | 80.7% |
| 149th | Turkmenistan | -0.70% | -178.7% |
| 150th | Czechia | -0.67% | 68.2% |
| 151st | Cambodia | -0.65% | 48.0% |
| 152nd | Central African Republic | -0.54% | 82.3% |
| 153rd | Türkiye | -0.51% | 46.8% |
| 154th | Bhutan | -0.49% | -120.0% |
| 155th | Austria | -0.48% | 75.2% |
| 156th | Paraguay | -0.44% | -61.3% |
| 157th | Iceland | -0.39% | -233.9% |
| 158th | Uzbekistan | -0.28% | -114.6% |
| 159th | Jamaica | -0.28% | 43.1% |
| 160th | Sweden | -0.27% | 85.2% |
| 161st | Estonia | -0.24% | -158.3% |
| 162nd | Bosnia and Herzegovina | -0.19% | 93.2% |
| 163rd | Canada | -0.06% | -135.4% |
| 164th | Dominican Republic | -0.03% | 98.8% |
| 165th | Philippines | 0.14% | -89.1% |
| 166th | Thailand | 0.19% | 126.7% |
| 167th | Somalia, Fed. Rep. | 0.24% | 532.1% |
| 168th | New Zealand | 0.37% | 208.6% |
| 169th | Nepal | 0.46% | -66.1% |
| 170th | Korea | 0.50% | -13.3% |
| 171st | Switzerland | 0.55% | 321.1% |
| 172nd | Hong Kong SAR, China | 0.60% | -83.4% |
| 173rd | Solomon Islands | 0.81% | -62.0% |
| 174th | Germany | 0.92% | 25.0% |
| 175th | Luxembourg | 1.30% | -2.1% |
| 176th | Seychelles | 1.39% | -51.7% |
| 177th | Andorra | 1.65% | -22.8% |
| 178th | Comoros | 2.60% | 892.1% |
| 179th | Marshall Islands | 2.81% | -12.0% |
| 180th | Singapore | 2.86% | -37.8% |
| 181st | Liechtenstein | 3.56% | 68.3% |
| 182nd | Palau | 5.08% | 41.4% |
| 183rd | St. Kitts and Nevis | 5.66% | -33.6% |
| 184th | Norway | 5.99% | -30.2% |
| 185th | Micronesia, Federated States of | 10.48% | -6.7% |
| 186th | Nauru | 10.74% | -63.7% |
| 187th | Dominica | 11.38% | 305.2% |
| 188th | Macao SAR, China | 13.82% | -42.8% |
| 189th | Tuvalu | 14.72% | 351.2% |
| 190th | Kuwait | 16.58% | -44.7% |
| 191st | Qatar | 18.45% | 38.2% |
| 192nd | Kiribati | 42.52% | 21.6% |
FAQ
What was Korea's budget deficit in 2015?▾
Korea's budget deficit in 2015 was 0.50%. This ranked 170th globally.
How did Korea's budget deficit change in 2015?▾
Korea's budget deficit decreased by 13.3% in 2015 compared to 2014.
Which country had the highest budget deficit in 2015?▾
Kiribati had the highest budget deficit in 2015 at 42.52%.
What is the budget deficit of Korea in 2015?▾
The budget deficit of Korea in 2015 was 0.50%. This ranked 170th globally.
How does 2015 compare to 2014 for Korea's budget deficit?▾
Korea's budget deficit went from 0.57% in 2014 to 0.50% in 2015, a 13.3% decrease.
Related
2014
2016
All years
Full ranking 2015
Tax Revenue
Government Spending
Military Spending
Health Spending
Government Debt to GDP
Peak: 2000
Lowest: 2020
Budget Deficit 1990s
Budget Deficit 2000s
Budget Deficit 2010s
Budget Deficit 2020s
Highest ever
Lowest ever
Average
vs Saudi Arabia
vs Czechia
vs Slovenia
vs Japan
G20 Budget Deficit
OECD Budget Deficit
Global Ranking