South Korea Debt to GDP Ratio 1990-2024

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
  • South Korea debt to gdp ratio for 2021 was 49.16%, a 2.73% increase from 2020.
  • South Korea debt to gdp ratio for 2020 was 46.43%, a 6.46% increase from 2019.
  • South Korea debt to gdp ratio for 2019 was 39.97%, a 2.41% increase from 2018.
  • South Korea debt to gdp ratio for 2018 was 37.56%, a 0.21% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Croatia 687.99%
Greece 237.13%
Japan 217.61%
United Kingdom 186.48%
Singapore 153.80%
Spain 135.82%
United States 120.37%
France 116.55%
Belgium 109.22%
Iceland 96.87%
San Marino 95.12%
Austria 94.32%
Hungary 86.91%
Bahamas 86.19%
Slovak Republic 79.25%
Australia 70.18%
Ireland 65.40%
Canada 64.04%
New Zealand 50.99%
South Korea 49.16%
Lithuania 48.91%
Sweden 40.66%
Estonia 23.67%
Switzerland 20.30%
South Korea Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2021 49.16% 2.73%
2020 46.43% 6.46%
2019 39.97% 2.41%
2018 37.56% 0.21%
2017 37.35% -0.72%
2016 38.07% 0.57%
2015 37.49% 0.99%
2014 36.50% 1.57%
2013 34.93% 2.52%
2012 32.41% 23.73%
1997 8.68% 1.82%
1996 6.86% -0.35%
1995 7.22% -0.96%
1994 8.18% -1.02%
1993 9.20% -0.79%
1992 9.99% -0.25%
1991 10.24% 2.80%
1990 7.44% 2.80%