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Korea - Government Spending 1994

Government expenditure as % of GDP · World Bank
12.76% +0.06% from 1993 Global rank: 10th

Korea's government spending was 12.76% in 1994, increased +0.06% from 12.70% in 1993. This was the 10th highest globally.

Global Ranking - 1994▾
Government Spending by Country - 1994
RankCountryValueYoY
1st Congo, Democratic Republic of 4.33% -74.6%
2nd Guatemala 7.94% -7.9%
3rd Dominican Republic 7.98% -6.8%
4th Cameroon 9.06% -8.5%
5th Indonesia 9.98% -6.8%
6th Mexico 10.40% 1.3%
7th Singapore 10.92% -25.1%
8th Thailand 11.22% -1.0%
9th Nicaragua 11.31% -55.1%
10th Korea 12.76% 0.5%
11th Mongolia 14.23% -2.7%
12th India 14.60% -3.6%
13th Argentina 14.90% 4.3%
14th Japan 15.03% 8.5%
15th Peru 15.43% 0.8%
16th Iran, Islamic Republic of 15.54% 4.8%
17th Chile 15.86% -3.2%
18th Belize 15.88% 8.1%
19th Maldives 16.77% -3.5%
20th Bahamas, The 17.14% -1.7%
21st Switzerland 17.68% 0.5%
22nd Latvia 17.70% -
23rd St. Kitts and Nevis 18.38% 6.1%
24th Mauritius 18.53% 7.1%
25th Bolivia, Plurinational State of 18.98% -6.9%
26th Jamaica 19.10% 2.2%
27th Bhutan 20.35% 10.3%
28th Morocco 20.40% -3.3%
29th United States 20.73% -3.2%
30th Lithuania 20.84% 22.2%
31st Türkiye 21.94% -4.4%
32nd Bahrain 22.21% -3.4%
33rd Costa Rica 23.00% 18.8%
34th Burundi 23.52% -4.2%
35th Canada 23.75% -5.5%
36th Sri Lanka 24.30% 6.4%
37th Jordan 24.93% -3.7%
38th Australia 25.06% 0.5%
39th South Africa 25.81% -11.5%
40th Fiji 26.98% -2.2%
41st Papua New Guinea 27.02% -9.9%
42nd Russian Federation 27.05% -
43rd Tunisia 28.04% -1.4%
44th Iceland 29.04% -0.9%
45th Botswana 29.08% -10.9%
46th Romania 29.77% -0.4%
47th Cyprus 29.83% 1.6%
48th Belarus 29.94% -17.7%
49th Uruguay 30.17% 4.4%
50th Czechia 30.27% -1.6%
51st Malta 30.28% 0.8%
52nd Egypt, Arab Republic of 31.00% -1.5%
53rd Germany 31.75% 0.2%
54th Luxembourg 32.49% 0.5%
55th Lesotho 32.84% 15.8%
56th Slovenia 33.32% -0.2%
57th Spain 33.79% -2.5%
58th Azerbaijan 34.20% -
59th Portugal 34.97% -6.1%
60th Poland 35.98% -
61st Croatia 36.58% 7.4%
62nd Israel 36.59% -2.1%
63rd United Kingdom 37.08% -0.8%
64th Ireland 37.12% -1.4%
65th Norway 38.36% -1.7%
66th European Union 38.63% -1.8%
67th Austria 38.83% -0.2%
68th Finland 40.48% -3.5%
69th Denmark 40.75% 1.1%
70th Sweden 42.01% -5.1%
71st Bulgaria 43.72% 0.1%
72nd France 44.16% 0.3%
73rd Seychelles 44.44% -2.4%
74th Netherlands 45.43% -2.1%
75th Italy 45.77% -4.7%
76th Hungary 50.96% 1.4%
77th Kuwait 52.17% -5.4%
Source: World Bank (GC.XPN.TOTL.GD.ZS)

FAQ

What was Korea's government spending in 1994?▾

Korea's government spending in 1994 was 12.76%. This ranked 10th globally.

How did Korea's government spending change in 1994?▾

Korea's government spending increased by 0.5% in 1994 compared to 1993.

Which country had the highest government spending in 1994?▾

Kuwait had the highest government spending in 1994 at 52.17%.

What is the government spending of Korea in 1994?▾

The government spending of Korea in 1994 was 12.76%. This ranked 10th globally.

How does 1994 compare to 1993 for Korea's government spending?▾

Korea's government spending went from 12.70% in 1993 to 12.76% in 1994, a 0.5% increase.

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1993 1995 All years Full ranking 1994 Tax Revenue Military Spending Health Spending Government Debt to GDP Budget Deficit Peak: 2025 Lowest: 1973 Government Spending 1990s Government Spending 2000s Government Spending 2010s Government Spending 2020s Highest ever Lowest ever Average vs Saudi Arabia vs Czechia vs Slovenia vs Japan G20 Government Spending OECD Government Spending Global Ranking