Korea, Rep. | Goods and services expense (% of expense)
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
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Korea, Rep. | Goods and services expense (% of expense)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
24.65960666 1972
28.96 1973
32.54861822 1974
31.87114462 1975
31.26185958 1976
34.12228797 1977
37.76673487 1978
28.50221192 1979
32.03085695 1980
32.40427547 1981
29.76856422 1982
30.50285122 1983
27.91864029 1984
28.80829862 1985
28.81654201 1986
28.63078621 1987
27.38789238 1988
25.19438693 1989
23.47986312 1990
23.22590738 1991
22.39018365 1992
21.34807004 1993
19.25738946 1994
15.57776609 1995
15.3863895 1996
15.62972702 1997
14.24489269 1998
11.06332232 1999
13.51763645 2000
11.97831279 2001
12.232379 2002
10.13362844 2003
10.04328164 2004
9.74491258 2005
9.78515016 2006
6.49970961 2007
6.83464444 2008
10.84543638 2009
11.09575004 2010
10.91197992 2011
12.03543914 2012
13.16624432 2013
13.3526945 2014
14.76198555 2015
14.80315474 2016
13.89815427 2017
11.60018822 2018
10.9275489 2019
10.88481015 2020
12.02789914 2021
2022
Korea, Rep. | Goods and services expense (% of expense)
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
Create chart Download showed records Download Full dataset