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Korea - Government Spending 2003

Government expenditure as % of GDP · World Bank
16.69% +1.79% from 2002 Global rank: 25th

Korea's government spending was 16.69% in 2003, increased +1.79% from 14.90% in 2002. This was the 25th highest globally.

Global Ranking - 2003▾
Government Spending by Country - 2003
RankCountryValueYoY
1st Myanmar 3.06% -
2nd Congo, Democratic Republic of 7.70% 2.9%
3rd Bangladesh 7.84% -0.6%
4th Cambodia 8.58% -3.9%
5th Burkina Faso 9.31% -6.4%
6th Madagascar 9.64% -
7th Côte d'Ivoire 10.32% 13.6%
8th Dominican Republic 10.71% -13.7%
9th Mali 10.88% 10.7%
10th Tajikistan 11.17% 17.8%
11th Bahamas, The 11.26% 8.4%
12th Nicaragua 13.15% 7.8%
13th Kazakhstan 13.89% 9.4%
14th Guatemala 14.57% 12.3%
15th Macao SAR, China 14.58% -2.4%
16th Georgia 14.58% -5.4%
17th Thailand 14.85% -26.4%
18th India 15.58% -3.0%
19th Japan 15.73% -2.3%
20th Zambia 15.74% 11.1%
21st Singapore 15.94% -1.3%
22nd Belize 16.21% 14.5%
23rd Indonesia 16.26% 3.5%
24th Philippines 16.30% 0.4%
25th Korea 16.69% 12.0%
26th Iran, Islamic Republic of 17.18% -1.8%
27th El Salvador 17.34% -14.2%
28th Maldives 17.42% -5.2%
29th St. Lucia 17.50% 4.9%
30th Malaysia 17.63% -0.3%
31st Bhutan 17.69% -0.3%
32nd Peru 17.77% 0.9%
33rd Canada 18.04% 0.4%
34th Switzerland 18.34% -5.9%
35th Chile 19.34% -3.8%
36th Mauritius 19.39% -1.6%
37th Congo, Republic of 19.55% -27.1%
38th St. Vincent and the Grenadines 19.83% -4.4%
39th Argentina 19.84% 0.8%
40th Eswatini 20.25% 3.1%
41st Sri Lanka 20.48% -10.6%
42nd United States 20.66% 2.9%
43rd Morocco 20.81% -5.7%
44th Bahrain 20.87% -10.0%
45th Honduras 20.90% 96.3%
46th St. Kitts and Nevis 21.50% 2.2%
47th Ghana 22.02% 9.9%
48th Trinidad and Tobago 22.10% -11.2%
49th Albania 22.15% -7.4%
50th Moldova 22.22% -0.3%
51st Angola 22.68% 21.6%
52nd Russian Federation 23.05% 2.3%
53rd Costa Rica 23.62% -4.0%
54th Mongolia 24.60% 13.4%
55th South Africa 24.77% 4.6%
56th Tunisia 25.37% -1.2%
57th Australia 25.66% -2.5%
58th Barbados 26.98% -
59th Egypt, Arab Republic of 27.33% 0.3%
60th Colombia 27.62% 63.1%
61st Uruguay 27.91% 0.1%
62nd Bolivia, Plurinational State of 28.21% -2.0%
63rd Belarus 28.21% 14.3%
64th Latvia 28.45% -4.5%
65th Ukraine 28.64% 2.4%
66th Namibia 28.68% 4.9%
67th Jordan 29.47% 4.0%
68th Ireland 29.73% 0.9%
69th Lebanon 30.47% 7.5%
70th Estonia 30.74% 0.0%
71st Germany 31.16% 1.1%
72nd New Zealand 31.22% 1.6%
73rd San Marino 31.50% -12.4%
74th Romania 31.52% -0.9%
75th Iceland 31.57% 4.8%
76th Jamaica 31.82% 6.1%
77th Lithuania 31.83% -4.0%
78th Sweden 33.73% 0.5%
79th Lesotho 33.93% -1.7%
80th Finland 34.90% 1.7%
81st Bulgaria 34.91% 5.2%
82nd Denmark 35.77% -0.9%
83rd United Kingdom 36.83% 3.3%
84th Norway 37.29% -0.7%
85th Kuwait 37.79% -8.8%
86th Czechia 38.15% 3.6%
87th Luxembourg 38.22% 4.2%
88th European Union 38.23% 0.8%
89th Cyprus 38.94% 9.8%
90th Netherlands 39.23% 2.4%
91st Italy 39.51% 0.4%
92nd Slovak Republic 39.71% -10.2%
93rd Portugal 39.75% 3.4%
94th Croatia 40.42% -3.2%
95th Poland 40.49% 2.3%
96th Israel 41.37% -9.6%
97th Malta 42.33% 8.3%
98th Belgium 42.56% 2.7%
99th Hungary 42.72% -0.4%
100th Greece 43.18% 0.0%
101st Slovenia 44.42% -0.5%
102nd Austria 46.15% -0.3%
103rd France 46.38% 0.5%
Source: World Bank (GC.XPN.TOTL.GD.ZS)

FAQ

What was Korea's government spending in 2003?▾

Korea's government spending in 2003 was 16.69%. This ranked 25th globally.

How did Korea's government spending change in 2003?▾

Korea's government spending increased by 12.0% in 2003 compared to 2002.

Which country had the highest government spending in 2003?▾

France had the highest government spending in 2003 at 46.38%.

What is the government spending of Korea in 2003?▾

The government spending of Korea in 2003 was 16.69%. This ranked 25th globally.

How does 2003 compare to 2002 for Korea's government spending?▾

Korea's government spending went from 14.90% in 2002 to 16.69% in 2003, a 12.0% increase.

HistorySaid - pattern alert

Korea matched the Export Boom Cycle pattern in 2003. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 4.4%. View full analysis →

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