South Korea recorded a government debt equivalent to 42.60 percent of the country's Gross Domestic Product in 2020. source: Ministry of Strategy and Finance, South Korea

Government Debt to GDP in South Korea averaged 23.40 percent from 1990 until 2018, reaching an all time high of 39.90 percent in 2016 and a record low of 8.24 percent in 1996. This page provides - South Korea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Debt to GDP - values, historical data and charts - was last updated on October of 2021.

Government Debt to GDP in South Korea is expected to reach 52.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Government Debt to GDP is projected to trend around 56.00 percent of GDP in 2022 and 59.00 percent of GDP in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
South Korea Government Debt to GDP


South Korea Last Unit Reference Previous Highest Lowest
Government Debt to GDP 42.60 percent of GDP Dec/20 36.40 42.60 8.24


South Korea Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.