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Country finance

Korea, Rep.

East Asia & Pacific · OECD · G20

Data checked 28 Oct 2026 · next scheduled check 1 Jan 2027 · UN World Population Prospects (via World Bank) released 1 Jul 2026 · World Bank WDI released 8 Oct 2026

Total spending · 2024

22.5%

+2.2 pts since 1995

Welfare · 2024

Not available

Healthcare · 2024

Not available

Defence · 2024

Not available

Education · 2024

Not available

Debt interest · 2024

Not available

Gross debt · 2025

52.4%

of GDP · +19 pts since 2012

Population · 2025

51.7m

14.6% since 1995

Public-sector employment

Not available: no official public-sector employment series is loaded for Korea, Rep. yet.

Welfare rose from 2.3% to 9.3% of GDP between 1995 and 2023.

Healthcare rose from 1.3% to 5.3% of GDP between 1995 and 2023.

Defence rose from 2.2% to 2.5% of GDP between 1995 and 2023.

Education fell from 3.9% to 3.6% of GDP between 1995 and 2000, then rose to 5.0% by 2023.

Debt interest rose from 1.2% to 1.4% of GDP between 2007 and 2012, then fell to 1.3% by 2015.

Total spending rose from 20.3% to 22.5% of GDP between 1995 and 2024.

Gross debt rose from 33.5% to 52.4% of GDP between 2012 and 2025.

Population grew from 45.1 million in 1995 to 51.7 million in 2025; the UN projects 44.4 million by 2050.

Every figure comes from official statistics: the national office's own COFOG submission (via Eurostat or the OECD) first, then the IMF, the World Bank and the UN. COFOG covers general government (central, state and local together). A dashed vertical mark on a line is a series break, where the source changes. Euro-area history is in euro-fixed terms.