South Korea Debt to GDP Ratio 2012-2024
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 2022 was 51.18%, a 2.22% increase from 2021.
- South Korea debt to gdp ratio for 2021 was 48.96%, a 2.52% 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 - Historical Data |
| Year |
Government Debt as % of GDP |
Annual Change |
| 2022 |
51.18% |
2.22% |
| 2021 |
48.96% |
2.52% |
| 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% |
2.52% |
