External Debt in South Korea increased to 604166.60 USD Million in the second quarter of 2021 from 565896.70 USD Million in the first quarter of 2021. source: The Bank of Korea

External Debt in South Korea averaged 285355.27 USD Million from 1994 until 2021, reaching an all time high of 604166.60 USD Million in the second quarter of 2021 and a record low of 80766.40 USD Million in the fourth quarter of 1994. This page provides - South Korea External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Total Gross External Debt - values, historical data and charts - was last updated on October of 2021.

External Debt in South Korea is expected to be 580064.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Total Gross External Debt is projected to trend around 660947.00 USD Million in 2022 and 725021.00 USD Million in 2023, according to our econometric models.

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South Korea Total Gross External Debt


South Korea Last Unit Reference Previous Highest Lowest
Current Account 7510.00 USD Million Aug/21 8210.00 12409.70 -3845.00
Current Account to GDP 3.50 percent of GDP Dec/20 3.70 10.70 -10.50
External Debt 604166.60 USD Million Jun/21 565896.70 604166.60 80766.40
Terms of Trade 92.90 points Jul/21 92.90 228.10 82.90
Capital Flows 5785.70 USD Million Aug/21 6544.40 17386.80 -7782.60


South Korea Total Gross External Debt
In South Korea, external debt is a part of the total debt that is owed to creditors outside the country.