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Korea - Government Spending 1998

Name: Korea Government Spending 1998
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Government expenditure as % of GDP · World Bank

14.74% +2.12% from 1997 Global rank: 14th

Korea's government spending was 14.74% in 1998, increased +2.12% from 12.62% in 1997. This was the 14th highest globally.

Global Ranking - 1998▾

Government Spending by Country - 1998
Rank	Country	Value	YoY
1st	United Arab Emirates	6.55%	8.2%
2nd	Congo, Democratic Republic of	8.88%	56.6%
3rd	Guatemala	9.41%	13.9%
4th	Cameroon	10.12%	14.1%
5th	Dominican Republic	10.20%	-0.4%
6th	Mexico	10.54%	-9.7%
7th	Bahamas, The	10.71%	-4.7%
8th	Tajikistan	11.36%	-
9th	Nicaragua	11.45%	1.4%
10th	El Salvador	11.99%	-
11th	Indonesia	13.43%	3.9%
12th	Belize	14.26%	-1.5%
13th	India	14.41%	-1.3%
14th	Korea	14.74%	16.8%
15th	Macao SAR, China	15.02%	12.4%
16th	Argentina	15.10%	0.6%
17th	Singapore	15.72%	15.3%
18th	Thailand	16.46%	24.4%
19th	Kazakhstan	16.65%	-11.2%
20th	Malaysia	16.81%	-1.0%
21st	Peru	16.92%	1.8%
22nd	Georgia	17.11%	-14.8%
23rd	Chile	17.23%	8.6%
24th	Bhutan	17.84%	-12.5%
25th	Iran, Islamic Republic of	18.17%	14.1%
26th	Mongolia	18.36%	12.4%
27th	Switzerland	18.52%	0.0%
28th	United States	18.72%	-3.4%
29th	Azerbaijan	18.77%	15.7%
30th	Burundi	18.99%	4.0%
31st	Morocco	19.05%	-10.0%
32nd	Vanuatu	19.14%	-5.8%
33rd	Pakistan	19.23%	-2.7%
34th	Mauritius	19.24%	-1.6%
35th	Colombia	19.32%	-
36th	Zambia	19.61%	-
37th	Bolivia, Plurinational State of	19.68%	-0.1%
38th	Japan	20.11%	39.4%
39th	Canada	20.17%	-1.0%
40th	Maldives	20.42%	3.3%
41st	Bahrain	21.06%	5.3%
42nd	Costa Rica	21.06%	-1.6%
43rd	Australia	21.29%	-10.4%
44th	Sri Lanka	21.76%	-4.7%
45th	Türkiye	21.84%	10.1%
46th	Papua New Guinea	24.08%	-11.7%
47th	Tunisia	24.91%	-0.8%
48th	Russian Federation	25.04%	116.5%
49th	South Africa	25.68%	-0.5%
50th	Belarus	25.90%	-4.8%
51st	Uruguay	26.08%	-0.9%
52nd	Lebanon	26.18%	-
53rd	Jamaica	26.39%	8.8%
54th	Jordan	28.52%	0.3%
55th	Iceland	28.85%	8.1%
56th	Albania	29.41%	16.7%
57th	Bulgaria	30.39%	15.9%
58th	Ireland	31.10%	-6.0%
59th	Germany	31.58%	-0.7%
60th	Romania	31.88%	6.7%
61st	Cyprus	33.25%	6.7%
62nd	Moldova	33.27%	-13.4%
63rd	Latvia	33.69%	4.4%
64th	United Kingdom	33.86%	-1.3%
65th	Estonia	35.59%	5.4%
66th	Czechia	35.76%	2.5%
67th	Norway	35.89%	4.3%
68th	Portugal	37.13%	3.5%
69th	Luxembourg	37.14%	-1.0%
70th	Sweden	37.46%	-2.2%
71st	Finland	37.56%	-6.9%
72nd	Malta	38.14%	-2.3%
73rd	Denmark	38.68%	-1.0%
74th	European Union	38.96%	-3.0%
75th	Poland	39.09%	-3.4%
76th	Israel	39.13%	-0.5%
77th	Lesotho	39.52%	20.5%
78th	Netherlands	39.62%	-3.6%
79th	Lithuania	40.68%	-16.7%
80th	Italy	41.11%	-8.6%
81st	Seychelles	43.31%	-8.4%
82nd	Slovak Republic	43.57%	-2.8%
83rd	Greece	44.18%	1.0%
84th	Belgium	44.42%	-0.6%
85th	Hungary	45.10%	1.3%
86th	Croatia	46.23%	-0.4%
87th	France	46.27%	-3.7%
88th	Kuwait	46.51%	21.8%
89th	Austria	47.38%	-0.5%
90th	Sudan	677.31%	-

FAQ

What was Korea's government spending in 1998?▾

Korea's government spending in 1998 was 14.74%. This ranked 14th globally.

How did Korea's government spending change in 1998?▾

Korea's government spending increased by 16.8% in 1998 compared to 1997.

Which country had the highest government spending in 1998?▾

Sudan had the highest government spending in 1998 at 677.31%.

What is the government spending of Korea in 1998?▾

The government spending of Korea in 1998 was 14.74%. This ranked 14th globally.

How does 1998 compare to 1997 for Korea's government spending?▾

Korea's government spending went from 12.62% in 1997 to 14.74% in 1998, a 16.8% increase.

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