Korea - Budget Deficit 2022
-1.49%
−1.47% from 2021
Korea's budget deficit was -1.49% in 2022, decreased +1.47% from -0.02% in 2021. This was the 119th highest globally.
Global Ranking - 2022▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Macao SAR, China | -37.04% | -187.3% |
| 2nd | Timor-Leste | -29.47% | -46.3% |
| 3rd | Kiribati | -18.31% | -70.0% |
| 4th | Senegal | -16.13% | -18.0% |
| 5th | Ukraine | -15.60% | -292.8% |
| 6th | Tuvalu | -14.60% | -9.9% |
| 7th | Fiji | -12.28% | 13.7% |
| 8th | Ghana | -11.76% | 2.3% |
| 9th | Maldives | -11.16% | 21.3% |
| 10th | Burkina Faso | -10.89% | -46.2% |
| 11th | Burundi | -10.73% | -133.3% |
| 12th | Sri Lanka | -10.22% | 12.5% |
| 13th | St. Vincent and the Grenadines | -9.35% | -30.0% |
| 14th | Malawi | -9.32% | -11.7% |
| 15th | India | -8.97% | 5.1% |
| 16th | Togo | -8.34% | -79.1% |
| 17th | Italy | -8.11% | 8.7% |
| 18th | Pakistan | -7.84% | -29.7% |
| 19th | Zambia | -7.82% | 3.9% |
| 20th | Lebanon | -7.77% | -191.3% |
| 21st | China | -7.32% | -24.0% |
| 22nd | Dominica | -7.21% | 12.3% |
| 23rd | Bolivia, Plurinational State of | -7.12% | 23.7% |
| 24th | Bhutan | -6.95% | -20.7% |
| 25th | Tunisia | -6.91% | 9.1% |
| 26th | Jordan | -6.80% | 19.6% |
| 27th | Niger | -6.77% | -11.0% |
| 28th | Côte d'Ivoire | -6.74% | -38.7% |
| 29th | Hong Kong SAR, China | -6.58% | -73,155.6% |
| 30th | Vanuatu | -6.50% | -373.3% |
| 31st | Lesotho | -6.41% | -29.5% |
| 32nd | Colombia | -6.34% | 12.7% |
| 33rd | Namibia | -6.33% | 27.1% |
| 34th | Hungary | -6.17% | 13.2% |
| 35th | Kenya | -6.06% | 15.8% |
| 36th | Guinea-Bissau | -6.06% | -3.0% |
| 37th | Bahrain | -6.02% | 43.0% |
| 38th | Sierra Leone | -5.93% | -36.3% |
| 39th | Romania | -5.83% | 13.0% |
| 40th | Egypt, Arab Republic of | -5.75% | 17.4% |
| 41st | Rwanda | -5.74% | 18.1% |
| 42nd | Gambia, The | -5.72% | -19.9% |
| 43rd | Benin | -5.56% | 2.7% |
| 44th | Bahamas, The | -5.53% | 53.6% |
| 45th | Philippines | -5.48% | 12.1% |
| 46th | Madagascar | -5.46% | -93.1% |
| 47th | Uganda | -5.45% | 29.8% |
| 48th | Morocco | -5.37% | 9.4% |
| 49th | Liberia | -5.33% | -112.9% |
| 50th | Malta | -5.31% | 23.6% |
| 51st | Eswatini | -5.28% | -15.5% |
| 52nd | Papua New Guinea | -5.25% | 23.2% |
| 53rd | North Macedonia | -5.23% | 1.6% |
| 54th | Central African Republic | -5.23% | 9.9% |
| 55th | Mozambique | -5.22% | 0.3% |
| 56th | Guyana | -5.11% | 26.3% |
| 57th | Mali | -4.75% | 3.3% |
| 58th | France | -4.74% | 28.1% |
| 59th | Spain | -4.63% | 30.4% |
| 60th | Thailand | -4.61% | 31.7% |
| 61st | Malaysia | -4.56% | 24.4% |
| 62nd | United Kingdom | -4.56% | 41.0% |
| 63rd | Bangladesh | -4.53% | -27.4% |
| 64th | Mexico | -4.32% | -15.3% |
| 65th | Cabo Verde | -4.25% | 43.4% |
| 66th | South Africa | -4.25% | 23.3% |
| 67th | Japan | -4.22% | 31.2% |
| 68th | St. Kitts and Nevis | -4.16% | -176.9% |
| 69th | New Zealand | -4.16% | -18.8% |
| 70th | Montenegro | -4.07% | -136.6% |
| 71st | Nigeria | -4.00% | -0.9% |
| 72nd | Palau | -3.99% | 59.9% |
| 73rd | Panama | -3.98% | 38.5% |
| 74th | Brazil | -3.97% | -50.7% |
| 75th | Latvia | -3.94% | 31.0% |
| 76th | Comoros | -3.93% | -39.7% |
| 77th | Iceland | -3.93% | 52.8% |
| 78th | Tanzania | -3.92% | -10.4% |
| 79th | Argentina | -3.84% | 11.5% |
| 80th | United States | -3.72% | 67.5% |
| 81st | Uzbekistan | -3.65% | 10.9% |
| 82nd | Albania | -3.64% | 20.4% |
| 83rd | Belgium | -3.62% | 33.0% |
| 84th | Poland | -3.44% | -97.0% |
| 85th | Austria | -3.31% | 41.9% |
| 86th | Zimbabwe | -3.30% | -47.5% |
| 87th | Dominican Republic | -3.25% | -11.3% |
| 88th | Moldova | -3.24% | -23.8% |
| 89th | Mauritius | -3.15% | 23.0% |
| 90th | Nepal | -3.12% | 21.5% |
| 91st | Mauritania | -3.10% | -219.1% |
| 92nd | Czechia | -3.07% | 38.0% |
| 93rd | Slovenia | -3.02% | 34.6% |
| 94th | Algeria | -2.96% | 53.1% |
| 95th | Antigua and Barbuda | -2.84% | 37.1% |
| 96th | Myanmar | -2.82% | -14.0% |
| 97th | Costa Rica | -2.81% | 44.8% |
| 98th | Suriname | -2.69% | 52.5% |
| 99th | El Salvador | -2.68% | 51.5% |
| 100th | Iran, Islamic Republic of | -2.64% | 12.3% |
| 101st | Paraguay | -2.64% | 22.2% |
| 102nd | Uruguay | -2.52% | 3.6% |
| 103rd | Solomon Islands | -2.51% | -34.9% |
| 104th | Greece | -2.46% | 67.6% |
| 105th | Indonesia | -2.31% | 47.6% |
| 106th | São Tomé and Principe | -2.24% | -47.8% |
| 107th | Australia | -2.21% | 65.2% |
| 108th | Georgia | -2.20% | 63.2% |
| 109th | Yemen, Republic of | -2.15% | -141.7% |
| 110th | Sudan | -2.15% | -648.1% |
| 111th | Armenia | -2.11% | 53.9% |
| 112th | Belarus | -1.98% | -786.1% |
| 113th | Germany | -1.91% | 39.7% |
| 114th | Barbados | -1.90% | 56.2% |
| 115th | Guinea | -1.88% | -10.3% |
| 116th | Haiti | -1.75% | 28.5% |
| 117th | Guatemala | -1.70% | -45.9% |
| 118th | St. Lucia | -1.66% | 65.4% |
| 119th | Korea | -1.49% | -7,752.6% |
| 120th | Djibouti | -1.48% | 51.4% |
| 121st | Peru | -1.38% | 44.5% |
| 122nd | Russian Federation | -1.34% | -273.1% |
| 123rd | Slovak Republic | -1.16% | 77.3% |
| 124th | Cameroon | -1.11% | 63.0% |
| 125th | Türkiye | -1.10% | 63.2% |
| 126th | Estonia | -1.08% | 58.0% |
| 127th | Belize | -1.04% | 68.3% |
| 128th | Congo, Democratic Republic of | -1.01% | 40.1% |
| 129th | Afghanistan | -1.00% | -105.6% |
| 130th | West Bank and Gaza | -0.92% | 82.3% |
| 131st | Gabon | -0.89% | 53.8% |
| 132nd | Bulgaria | -0.80% | 71.4% |
| 133rd | Seychelles | -0.76% | 86.8% |
| 134th | Lithuania | -0.72% | 38.0% |
| 135th | Aruba | -0.51% | 94.9% |
| 136th | Portugal | -0.31% | 89.0% |
| 137th | Kyrgyz Republic | -0.29% | 58.4% |
| 138th | Cambodia | -0.29% | 94.3% |
| 139th | Tajikistan | -0.23% | 63.5% |
| 140th | Finland | -0.18% | 93.4% |
| 141st | Serbia | -0.14% | 95.5% |
| 142nd | Tonga | -0.10% | 88.4% |
| 143rd | Botswana | -0.01% | 99.7% |
| 144th | Netherlands | 0.00% | 100.1% |
| 145th | Somalia, Fed. Rep. | 0.02% | 102.7% |
| 146th | Ecuador | 0.04% | 102.8% |
| 147th | Lao PDR | 0.06% | 108.8% |
| 148th | Kazakhstan | 0.11% | 102.1% |
| 149th | Croatia | 0.12% | 104.7% |
| 150th | Bosnia and Herzegovina | 0.15% | 184.2% |
| 151st | Luxembourg | 0.18% | -81.6% |
| 152nd | Jamaica | 0.26% | -69.3% |
| 153rd | Israel | 0.32% | 109.5% |
| 154th | San Marino | 0.42% | 102.6% |
| 155th | Canada | 0.56% | 118.2% |
| 156th | Angola | 0.58% | -82.8% |
| 157th | Nicaragua | 0.65% | 151.5% |
| 158th | Viet Nam | 0.67% | 146.9% |
| 159th | Mongolia | 0.67% | 122.1% |
| 160th | Marshall Islands | 0.68% | 276.2% |
| 161st | Grenada | 0.93% | 184.7% |
| 162nd | Trinidad and Tobago | 0.96% | 111.4% |
| 163rd | Sweden | 1.00% | 773.2% |
| 164th | Switzerland | 1.19% | 512.1% |
| 165th | Singapore | 1.21% | 7.3% |
| 166th | Chile | 1.36% | 118.1% |
| 167th | Honduras | 1.57% | 149.6% |
| 168th | Ireland | 1.67% | 222.0% |
| 169th | Puerto Rico (US) | 1.79% | 796.1% |
| 170th | Saudi Arabia | 2.24% | 212.4% |
| 171st | Brunei Darussalam | 2.53% | 131.0% |
| 172nd | Cyprus | 2.65% | 261.4% |
| 173rd | Liechtenstein | 3.30% | 35.6% |
| 174th | Turkmenistan | 3.38% | 496.6% |
| 175th | Denmark | 3.39% | -17.8% |
| 176th | Chad | 3.79% | 392.9% |
| 177th | South Sudan | 4.48% | 148.2% |
| 178th | Andorra | 4.84% | 515.4% |
| 179th | Samoa | 5.03% | 193.5% |
| 180th | Azerbaijan | 5.96% | 41.8% |
| 181st | Iraq | 8.10% | 2,248.0% |
| 182nd | Congo, Republic of | 8.94% | 449.0% |
| 183rd | United Arab Emirates | 9.81% | 147.4% |
| 184th | Qatar | 10.39% | 4,175.7% |
| 185th | Oman | 10.53% | 431.9% |
| 186th | Equatorial Guinea | 11.68% | 340.4% |
| 187th | Micronesia, Federated States of | 17.43% | 292.3% |
| 188th | Libya | 23.60% | 59.1% |
| 189th | Nauru | 24.27% | -45.5% |
| 190th | Norway | 25.45% | 147.5% |
| 191st | Kuwait | 29.99% | 200.4% |
FAQ
What was Korea's budget deficit in 2022?▾
Korea's budget deficit in 2022 was -1.49%. This ranked 119th globally.
How did Korea's budget deficit change in 2022?▾
Korea's budget deficit decreased by 7,752.6% in 2022 compared to 2021.
Which country had the highest budget deficit in 2022?▾
Kuwait had the highest budget deficit in 2022 at 29.99%.
What is the budget deficit of Korea in 2022?▾
The budget deficit of Korea in 2022 was -1.49%. This ranked 119th globally.
How does 2022 compare to 2021 for Korea's budget deficit?▾
Korea's budget deficit went from -0.02% in 2021 to -1.49% in 2022, a 7,752.6% decrease.
Related
2021
2023
All years
Full ranking 2022
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