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Korea - Government Spending 1988

Government expenditure as % of GDP · World Bank
11.87% −0.43% from 1987 Global rank: 4th

Korea's government spending was 11.87% in 1988, decreased +0.43% from 12.30% in 1987. This was the 4th highest globally.

Global Ranking - 1988▾
Government Spending by Country - 1988
RankCountryValueYoY
1st Dominican Republic 9.45% 11.5%
2nd Indonesia 11.23% -5.5%
3rd Bolivia, Plurinational State of 11.68% -4.0%
4th Korea 11.87% -3.5%
5th Thailand 13.10% -12.1%
6th Peru 13.21% -16.6%
7th Japan 14.32% -2.8%
8th Türkiye 14.44% 0.0%
9th India 15.52% -1.6%
10th Iran, Islamic Republic of 18.35% 9.1%
11th Singapore 18.98% -29.7%
12th Chile 19.15% -7.7%
13th Mauritius 19.47% 5.1%
14th United States 21.03% -1.6%
15th Bhutan 22.11% 26.1%
16th Uruguay 22.44% -3.0%
17th Costa Rica 23.21% -9.2%
18th Mexico 23.80% -12.9%
19th Australia 24.17% -5.8%
20th Jamaica 24.45% -
21st Germany 25.45% -0.8%
22nd South Africa 25.69% 1.0%
23rd Finland 27.61% -3.9%
24th Malta 27.65% -1.8%
25th Cyprus 27.70% 1.2%
26th Iceland 28.80% 11.5%
27th Spain 29.12% -1.6%
28th Portugal 29.79% -1.1%
29th Tunisia 30.58% 3.4%
30th Luxembourg 30.85% -3.7%
31st United Kingdom 30.97% -6.5%
32nd Egypt, Arab Republic of 32.15% 6.6%
33rd Sweden 34.58% -3.4%
34th Greece 34.61% -0.6%
35th European Union 34.79% -3.6%
36th Norway 36.23% 3.9%
37th Denmark 36.52% 4.1%
38th Romania 36.59% -9.9%
39th Lesotho 37.03% -5.0%
40th Austria 37.32% 0.9%
41st New Zealand 39.19% -4.6%
42nd Kuwait 39.54% 29.3%
43rd France 40.04% -2.2%
44th Ireland 41.08% -8.1%
45th Israel 41.22% -12.2%
46th Seychelles 42.31% -2.4%
47th Italy 42.32% -9.7%
48th Netherlands 47.83% -4.2%
49th Hungary 49.82% -4.3%
Source: World Bank (GC.XPN.TOTL.GD.ZS)

FAQ

What was Korea's government spending in 1988?▾

Korea's government spending in 1988 was 11.87%. This ranked 4th globally.

How did Korea's government spending change in 1988?▾

Korea's government spending decreased by 3.5% in 1988 compared to 1987.

Which country had the highest government spending in 1988?▾

Hungary had the highest government spending in 1988 at 49.82%.

What is the government spending of Korea in 1988?▾

The government spending of Korea in 1988 was 11.87%. This ranked 4th globally.

How does 1988 compare to 1987 for Korea's government spending?▾

Korea's government spending went from 12.30% in 1987 to 11.87% in 1988, a 3.5% decrease.

HistorySaid - pattern alert

Korea matched the Export Boom Cycle pattern in 1988. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 10.0%. View full analysis →

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