Makrognosis

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

AnnualNominalCode KR.GOVEXP.A.NOM.ITEM-3-1400

Latest416,937 KRW billion2025
Previous394,663 KRW billion2024
Year ago394,663 KRW billion2024

South Korea Korea: Local government / Total general government expenditure (BOK ECOS) was 416,937 KRW billion in 2025, up 5.6% from 2024.

South Korea Korea: Local government / Total general government expenditure (BOK ECOS) (KRW billion), 2016 – 2025200k250k300k350k400k20162018202020222024Robomacro
South Korea Korea: Local 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
2025416,937 KRW billion
2024394,663 KRW billion
2023377,870 KRW billion
2022368,773 KRW billion
2021347,811 KRW billion
2020341,235 KRW billion
2019292,338 KRW billion
2018261,907 KRW billion
2017251,622 KRW billion
2016233,818 KRW billion

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

Get South Korea Korea: Local 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-3-1400"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/KR.GOVEXP.A.NOM.ITEM-3-1400",
                 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 high416,937 KRW billion (2025)
10-year low233,818 KRW billion (2016)
10-year average328,697 KRW billion
Source agencyBank of Korea
Makrognosis codeKR.GOVEXP.A.NOM.ITEM-3-1400

More South Korea GOVEXP series

South Korea Korea: Central government / Total general government expenditure (BOK ECOS)South Korea Korea: General 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: Local government / Total general government expenditure (BOK ECOS) in South Korea?
The latest reading is 416,937 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-3-1400.

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