South Korea recorded a government debt equivalent to 36.60 percent of the country's Gross Domestic Product in 2018. 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 December of 2020.

Government Debt to GDP in South Korea is expected to reach 48.00 percent by the end of 2020, 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 52.00 percent in 2021 and 55.00 percent in 2022, according to our econometric models.

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South Korea Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
37.70 36.60 39.90 8.24 1990 - 2019 percent Yearly

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.70 36.60 39.90 8.24 percent [+]
Government Budget -2.60 -0.60 3.47 -4.10 percent of GDP [+]
Government Budget Value -58956.00 -80461.00 42914.00 -89971.00 KRW Billion [+]
Government Spending 80247.40 80151.90 80247.40 2925.40 KRW Billion [+]
Government Revenues 382798.00 330364.00 443853.00 14987.00 KRW Billion [+]
Fiscal Expenditure 441754.00 410825.00 455850.00 7012.00 KRW Billion [+]
Military Expenditure 41157.00 39171.00 41157.00 190.00 USD Million [+]
Credit Rating 86.00 [+]
Asylum Applications 839.00 1059.00 2260.00 1.00 Persons [+]
Government Spending To GDP 30.27 30.30 34.90 18.60 percent [+]


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.