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Korea - Government Spending 2004

Government expenditure as % of GDP · World Bank
16.54% −0.15% from 2003 Global rank: 26th

Korea's government spending was 16.54% in 2004, decreased +0.15% from 16.69% in 2003. This was the 26th highest globally.

Global Ranking - 2004▾
Government Spending by Country - 2004
RankCountryValueYoY
1st Myanmar 3.64% 19.2%
2nd Cambodia 7.42% -13.5%
3rd Bangladesh 7.60% -2.9%
4th Togo 9.31% -
5th Central African Republic 9.66% -
6th Côte d'Ivoire 10.11% -2.1%
7th Burkina Faso 10.18% 9.4%
8th Congo, Democratic Republic of 10.26% 33.3%
9th Madagascar 10.86% 12.6%
10th Bahamas, The 11.28% 0.1%
11th Mali 11.49% 5.6%
12th Macao SAR, China 11.85% -18.7%
13th Guatemala 12.88% -11.6%
14th Nicaragua 12.92% -1.7%
15th Dominican Republic 13.33% 24.5%
16th Tajikistan 13.75% 23.1%
17th Kazakhstan 14.07% 1.3%
18th Angola 14.08% -37.9%
19th Singapore 14.39% -9.7%
20th Nepal 14.60% -
21st Japan 15.07% -4.2%
22nd India 15.13% -2.9%
23rd Philippines 15.25% -6.5%
24th Thailand 15.49% 4.3%
25th Bhutan 16.23% -8.3%
26th Korea 16.54% -0.9%
27th Iran, Islamic Republic of 16.65% -3.0%
28th Indonesia 16.85% 3.7%
29th Argentina 16.88% -14.9%
30th Armenia 16.96% -
31st St. Lucia 17.03% -2.7%
32nd Canada 17.27% -4.3%
33rd Peru 17.38% -2.2%
34th Zambia 17.45% 10.8%
35th Maldives 17.75% 1.9%
36th Switzerland 18.17% -0.9%
37th Chile 18.21% -5.8%
38th Malaysia 18.89% 7.2%
39th Belize 19.21% 18.5%
40th Bahrain 19.37% -7.2%
41st St. Vincent and the Grenadines 19.40% -2.1%
42nd Honduras 19.54% -6.5%
43rd El Salvador 19.62% 13.1%
44th Georgia 19.75% 35.5%
45th Mauritius 19.87% 2.5%
46th Eswatini 20.01% -1.2%
47th United States 20.45% -1.0%
48th Sri Lanka 20.71% 1.1%
49th St. Kitts and Nevis 21.05% -2.1%
50th Morocco 21.37% 2.7%
51st Russian Federation 21.57% -6.4%
52nd Albania 22.11% -0.2%
53rd Costa Rica 22.53% -4.6%
54th Trinidad and Tobago 22.62% 2.3%
55th Ghana 23.48% 6.6%
56th Fiji 25.10% -6.9%
57th Australia 25.56% -0.4%
58th South Africa 25.60% 3.4%
59th Namibia 25.60% -10.7%
60th Tunisia 25.78% 1.6%
61st Barbados 25.79% -4.4%
62nd Uruguay 26.59% -4.7%
63rd Lebanon 26.85% -11.9%
64th Egypt, Arab Republic of 26.89% -1.6%
65th Bolivia, Plurinational State of 27.21% -3.5%
66th Moldova 27.26% 22.7%
67th Latvia 28.27% -0.6%
68th Congo, Republic of 28.67% 46.7%
69th Spain 28.88% -14.5%
70th Belarus 29.27% 3.7%
71st Ireland 29.72% 0.0%
72nd Germany 29.99% -3.8%
73rd Iceland 30.21% -4.3%
74th Jamaica 30.25% -4.9%
75th New Zealand 30.44% -2.5%
76th Estonia 30.62% -0.4%
77th Romania 31.18% -1.1%
78th Lithuania 31.65% -0.6%
79th Ukraine 31.84% 11.2%
80th Jordan 32.14% 9.1%
81st Lesotho 32.21% -5.1%
82nd Sweden 32.76% -2.9%
83rd San Marino 33.27% 5.6%
84th Bulgaria 34.19% -2.1%
85th Czechia 34.54% -9.5%
86th Finland 34.60% -0.9%
87th Norway 35.26% -5.5%
88th Kuwait 35.27% -6.6%
89th Denmark 35.83% 0.2%
90th European Union 36.66% -4.1%
91st Slovak Republic 37.28% -6.1%
92nd United Kingdom 37.29% 1.2%
93rd Cyprus 37.46% -3.8%
94th Poland 37.82% -6.6%
95th Netherlands 38.48% -1.9%
96th Italy 38.71% -2.0%
97th Luxembourg 38.80% 1.5%
98th Israel 40.08% -3.1%
99th Croatia 40.08% -0.8%
100th Portugal 40.35% 1.5%
101st Malta 40.43% -4.5%
102nd Belgium 40.90% -3.9%
103rd Hungary 41.65% -2.5%
104th Slovenia 43.69% -1.6%
105th Greece 44.56% 3.2%
106th France 45.71% -1.4%
107th Austria 48.95% 6.1%
Source: World Bank (GC.XPN.TOTL.GD.ZS)

FAQ

What was Korea's government spending in 2004?▾

Korea's government spending in 2004 was 16.54%. This ranked 26th globally.

How did Korea's government spending change in 2004?▾

Korea's government spending decreased by 0.9% in 2004 compared to 2003.

Which country had the highest government spending in 2004?▾

Austria had the highest government spending in 2004 at 48.95%.

What is the government spending of Korea in 2004?▾

The government spending of Korea in 2004 was 16.54%. This ranked 26th globally.

How does 2004 compare to 2003 for Korea's government spending?▾

Korea's government spending went from 16.69% in 2003 to 16.54% in 2004, a 0.9% decrease.

HistorySaid - pattern alert

Korea matched the Export Boom Cycle pattern in 2004. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 5.2%. View full analysis →

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