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Korea - Government Spending 1989

Government expenditure as % of GDP · World Bank
12.73% +0.86% from 1988 Global rank: 5th

Korea's government spending was 12.73% in 1989, increased +0.86% from 11.87% in 1988. This was the 5th highest globally.

Global Ranking - 1989▾
Government Spending by Country - 1989
RankCountryValueYoY
1st Guinea 7.63% -
2nd Dominican Republic 8.49% -10.2%
3rd Indonesia 11.58% 3.1%
4th Thailand 12.51% -4.5%
5th Korea 12.73% 7.3%
6th Peru 12.98% -1.8%
7th Bolivia, Plurinational State of 13.06% 11.9%
8th Japan 14.75% 3.0%
9th Türkiye 14.99% 3.8%
10th Iran, Islamic Republic of 15.00% -18.3%
11th India 15.97% 2.9%
12th Singapore 17.55% -7.5%
13th Chile 17.61% -8.0%
14th Mauritius 19.17% -1.5%
15th Mexico 19.34% -18.7%
16th United States 20.86% -0.8%
17th Bhutan 21.33% -3.5%
18th Australia 22.16% -8.3%
19th Uruguay 22.87% 1.9%
20th Jamaica 24.25% -0.8%
21st Costa Rica 24.36% 4.9%
22nd Germany 24.47% -3.9%
23rd South Africa 24.99% -2.7%
24th Finland 26.88% -2.6%
25th Egypt, Arab Republic of 27.23% -15.3%
26th Malta 27.47% -0.7%
27th Cyprus 27.48% -0.8%
28th Luxembourg 28.07% -9.0%
29th Spain 29.42% 1.0%
30th United Kingdom 29.65% -4.3%
31st Iceland 30.29% 5.2%
32nd Portugal 31.15% 4.6%
33rd Tunisia 31.87% 4.2%
34th Sweden 34.04% -1.6%
35th European Union 34.34% -1.3%
36th Lesotho 34.55% -6.7%
37th Kuwait 34.75% -12.1%
38th Ireland 35.17% -14.4%
39th Austria 35.89% -3.8%
40th Norway 36.75% 1.4%
41st Denmark 36.87% 1.0%
42nd Greece 38.81% 12.1%
43rd France 39.11% -2.3%
44th Romania 40.00% 9.3%
45th Israel 41.99% 1.9%
46th Italy 43.21% 2.1%
47th Seychelles 44.45% 5.1%
48th Netherlands 46.16% -3.5%
49th Hungary 50.40% 1.2%
Source: World Bank (GC.XPN.TOTL.GD.ZS)

FAQ

What was Korea's government spending in 1989?▾

Korea's government spending in 1989 was 12.73%. This ranked 5th globally.

How did Korea's government spending change in 1989?▾

Korea's government spending increased by 7.3% in 1989 compared to 1988.

Which country had the highest government spending in 1989?▾

Hungary had the highest government spending in 1989 at 50.40%.

What is the government spending of Korea in 1989?▾

The government spending of Korea in 1989 was 12.73%. This ranked 5th globally.

How does 1989 compare to 1988 for Korea's government spending?▾

Korea's government spending went from 11.87% in 1988 to 12.73% in 1989, a 7.3% increase.

HistorySaid - pattern alert

Korea matched the Export Boom Cycle pattern in 1989. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 10.9%. View full analysis →

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