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Korea - Government Spending 1973

Government expenditure as % of GDP · World Bank
11.15% −4.15% from 1972 Global rank: 5th

Korea's government spending was 11.15% in 1973, decreased +4.15% from 15.31% in 1972. This was the 5th highest globally.

Global Ranking - 1973▾
Government Spending by Country - 1973
RankCountryValueYoY
1st Honduras 9.00% -12.2%
2nd Mexico 10.42% 3.3%
3rd Dominican Republic 10.67% -6.0%
4th Japan 10.90% 1.2%
5th Korea 11.15% -27.1%
6th Indonesia 11.31% 8.5%
7th Thailand 11.92% -4.5%
8th Switzerland 12.39% 11.6%
9th Peru 13.16% 4.0%
10th Singapore 13.84% -7.7%
11th Mauritius 14.41% -
12th South Africa 15.08% -2.4%
13th Türkiye 15.14% 1.5%
14th Costa Rica 15.55% -
15th Uruguay 15.92% -36.2%
16th Greece 16.03% -1.8%
17th Spain 16.20% 1.2%
18th United States 17.90% 0.6%
19th Australia 18.44% 2.2%
20th Iran, Islamic Republic of 18.47% -11.0%
21st Finland 19.87% -3.8%
22nd Germany 20.51% 2.1%
23rd Tunisia 21.48% 9.5%
24th Luxembourg 22.03% -4.3%
25th Iceland 22.90% 3.6%
26th Kuwait 22.94% 10.8%
27th Sweden 22.98% -0.3%
28th European Union 24.52% -
29th Chile 25.91% -18.6%
30th New Zealand 26.06% 0.6%
31st Italy 26.56% -
32nd Denmark 26.82% -7.8%
33rd Austria 27.72% 6.5%
34th Norway 28.22% -0.4%
35th Ireland 28.65% 0.0%
36th United Kingdom 28.84% -2.3%
37th France 29.62% -2.1%
38th Malta 32.12% -4.6%
39th Netherlands 34.88% -
40th Israel 52.51% 38.4%
Source: World Bank (GC.XPN.TOTL.GD.ZS)

FAQ

What was Korea's government spending in 1973?▾

Korea's government spending in 1973 was 11.15%. This ranked 5th globally.

How did Korea's government spending change in 1973?▾

Korea's government spending decreased by 27.1% in 1973 compared to 1972.

Which country had the highest government spending in 1973?▾

Israel had the highest government spending in 1973 at 52.51%.

What is the government spending of Korea in 1973?▾

The government spending of Korea in 1973 was 11.15%. This ranked 5th globally.

How does 1973 compare to 1972 for Korea's government spending?▾

Korea's government spending went from 15.31% in 1972 to 11.15% in 1973, a 27.1% decrease.

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