South Korea recorded a government debt equivalent to 38 percent of the country's Gross Domestic Product in 2017. Government Debt to GDP in South Korea averaged 22.76 percent from 1990 until 2017, reaching an all time high of 38.30 percent in 2016 and a record low of 8.24 percent in 1996.

South Korea Government Debt to GDP
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South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.00 38.30 38.30 8.24 percent [+]
Government Budget -2.00 -2.40 3.47 -4.10 percent of GDP [+]
Government Budget Value 14031.00 15993.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 60585.40 59634.50 60585.40 2742.81 KRW Billion [+]
Government Revenues 339609.00 309467.00 403839.00 14987.00 KRW Billion [+]
Fiscal Expenditure 325578.00 293473.00 379809.00 7012.00 KRW Billion [+]
Credit Rating 84.40 [+]
Military Expenditure 37559.90 36934.40 37559.90 182.70 USD Million [+]
Government Spending To GDP 32.26 32.30 34.90 18.60 percent [+]
Asylum Applications 652.00 591.00 775.00 1.00 Persons [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
38.00 38.30 38.30 8.24 1990 - 2017 percent Yearly




Country Last
Japan 253.00 Dec/17
Italy 131.80 Dec/17
Singapore 110.60 Dec/17
United States 105.40 Dec/17
Spain 98.30 Dec/17
France 97.00 Dec/17
Canada 89.60 Dec/17
Euro Area 86.70 Dec/17
United Kingdom 85.30 Dec/17
Brazil 74.04 Dec/17
India 68.70 Dec/17
Germany 64.10 Dec/17
Argentina 57.10 Dec/17
Netherlands 56.70 Dec/17
South Africa 53.10 Dec/17
China 47.60 Dec/17
Mexico 46.40 Dec/17
Australia 41.90 Dec/17
South Korea 38.00 Dec/17
Switzerland 29.70 Dec/17
Indonesia 28.70 Dec/17
Turkey 28.30 Dec/17
Saudi Arabia 17.20 Dec/17
Russia 12.60 Dec/17


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