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 September of 2021.

Government Debt to GDP in South Korea is expected to reach 52.00 percent 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 in 2022 and 59.00 percent in 2023, according to our econometric models.

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South Korea Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
42.60 36.40 42.60 8.24 1990 - 2020 percent of GDP Yearly

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 42.60 36.40 42.60 8.24 percent of GDP [+]
Government Budget -6.10 -2.60 3.47 -6.10 percent of GDP [+]
Government Budget Value -20709.00 -47188.00 42914.00 -89971.00 KRW Billion [+]
Government Spending 84290.80 81092.00 84290.80 2925.40 KRW Billion [+]
Government Revenues 337403.00 281802.00 443853.00 14987.00 KRW Billion [+]
Fiscal Expenditure 358112.00 328990.00 472025.00 7012.00 KRW Billion [+]
Military Expenditure 46056.00 43891.00 46056.00 189.00 USD Million [+]
Credit Rating 86.00 [+]
Asylum Applications 6684.00 15451.00 16173.00 4.00 Persons [+]
Government Spending To GDP 31.15 30.27 32.28 17.90 percent of GDP [+]


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.