Makrognosis

South Korea Korea: Central government / Total general government expenditure (BOK ECOS)

AnnualNominalCode KR.GOVEXP.A.NOM.ITEM-2-1400

Latest558,943 KRW billion2025
Previous513,834 KRW billion2024
Year ago513,834 KRW billion2024

South Korea Korea: Central government / Total general government expenditure (BOK ECOS) was 558,943 KRW billion in 2025, up 8.8% from 2024.

South Korea Korea: Central government / Total general government expenditure (BOK ECOS) (KRW billion), 2016 – 2025300k350k400k450k500k550k20162018202020222024Robomacro
South Korea Korea: Central government / Total general government expenditure (BOK ECOS) (KRW billion), 2016 – 2025. Source: Bank of Korea.

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
2025558,943 KRW billion
2024513,834 KRW billion
2023495,926 KRW billion
2022554,977 KRW billion
2021473,875 KRW billion
2020431,872 KRW billion
2019394,359 KRW billion
2018350,915 KRW billion
2017329,344 KRW billion
2016314,675 KRW billion

Last 10 observations. The full history (10 observations) is available through the API.

Get South Korea Korea: Central government / Total general government expenditure (BOK ECOS) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/KR.GOVEXP.A.NOM.ITEM-2-1400"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/KR.GOVEXP.A.NOM.ITEM-2-1400",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observation2025
First observation2016
Observations10
FrequencyAnnual
UnitsKRW billion
AdjustmentNominal
10-year high558,943 KRW billion (2025)
10-year low314,675 KRW billion (2016)
10-year average441,872 KRW billion
Source agencyBank of Korea
Makrognosis codeKR.GOVEXP.A.NOM.ITEM-2-1400

More South Korea GOVEXP series

South Korea Korea: General government / Total general government expenditure (BOK ECOS)South Korea Korea: Local government / Total general government expenditure (BOK ECOS)South Korea Korea: Social security funds / Total general government expenditure (BOK ECOS)

Other South Korea indicators

South Korea GDP (Gross Domestic Product)South Korea Korea: GDP at market prices, SA, current prices (BOK ECOS)South Korea Inflation Rate (CPI)South Korea Core Inflation RateSouth Korea Unemployment RateSouth Korea 10-Year Government Bond YieldSouth Korea Credit Rating & Sovereign Risk ScoreSouth Korea Industrial ProductionSouth Korea Korea industrial production index, original (not seasonally adjusted), 2020=100 (KOSTAT via BOK ECOS)South Korea Producer Price Inflation (PPI)South Korea Korea: Current Account, monthly, NSA (BOK ECOS, USD mn)South Korea Korea: Current Account, monthly, SA (BOK ECOS, USD mn)South Korea Korea: Exports of Goods (Korea Customs Service final, BOK ECOS 901Y092 E100; thousand USD x 0.001 = USD mn)South Korea Korea: Imports of Goods (Korea Customs Service final, BOK ECOS 901Y092 I100; thousand USD x 0.001 = USD mn)South Korea Korea consumer sentiment index (KOSTAT via BOK ECOS 511Y002 FME 99988)South Korea M2 Money Stock

FAQ

What is the current korea: Central government / Total general government expenditure (BOK ECOS) in South Korea?
The latest reading is 558,943 KRW billion for 2025, published by Bank of Korea.
Where does this data come from?
It is collected directly from Bank of Korea and is available through the Makrognosis API under the code KR.GOVEXP.A.NOM.ITEM-2-1400.

Last updated 2026-10-11. Source: Bank of Korea. Original title: “Korea: Central government / Total general government expenditure (BOK ECOS)”.