South Korea Debt to GDP Ratio 1990-2023

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 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.
  • South Korea debt to gdp ratio for 2017 was 37.35%, a 0.72% decline from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Greece 252.29%
Japan 216.28%
United Kingdom 195.39%
Singapore 153.41%
Spain 141.22%
United States 126.39%
France 123.01%
Belgium 119.43%
Croatia 104.89%
Iceland 100.02%
Austria 99.91%
San Marino 98.35%
Hungary 96.11%
Bahamas 84.45%
Slovak Republic 77.36%
Canada 72.09%
Ireland 71.58%
Australia 69.41%
Uruguay 60.40%
Lithuania 53.28%
South Korea 46.43%
New Zealand 46.33%
Sweden 44.00%
Estonia 23.77%
Switzerland 20.91%
South Korea Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
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%