Countries With Highest Budget Revenues
4. South Korea
Revenues (million $): 267,900
Expenditures (million $): 242,000
South Korea is a developed country and is known for its high standard of living. Being the country with high economy, it is also a member of The Organization for Economic Co-operation and Development (OECD). This country has an export driven economy that mainly focuses on automobiles, ships, machinery, electronics and pharmaceuticals. The economic growth of South Korea also includes the largest indoor Amusement park in the world, the Lotte World, the notable export-oriented music industry that is guided by the Ministry of Culture and Sports and Tourism.
5. Norway
Revenues (million $): 280,500
Expenditures (million $): 209,500
Norway is considered as one of the wealthiest nations in the world and a perfect example of a mixed economy (an economic system in which both state and private sector direct the economy). Shipping has helped Norway's export sector a lot, but most of its economic growth had been possible due to an abundance of natural resources, including petroleum exploration and production, hydroelectric power, and fisheries. The country’s modern manufacturing and welfare system rely on a financial reserve produced by exploitation of these natural resources, mainly due to the North Sea oil.
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