Government debt — all countries

Government debt — South Korea

Government debt in South Korea in 2031 — 63.1%. Ranked 124 in the world out of 184. Since 1990, the indicator has risen by 50.3 pp.

2031 63.1% +1.4 pp vs 2030
World rank 124of 184
Period maximum 63.1%2031
Period minimum 7.8%1996

Trend over time

1990–2031 · % of GDP

Government debt — South Korea, 1990–20310204060801990199520002005201020152020202520301990: 12.8%1991: 11.9%1992: 11.6%1993: 10.9%1994: 9.6%1995: 8.5%1996: 7.8%1997: 9.7%1998: 13.8%1999: 15.8%2000: 16.1%2001: 16.6%2002: 16.4%2003: 19.1%2004: 21.6%2005: 24.9%2006: 27%2007: 26.3%2008: 25.9%2009: 28.8%2010: 28.3%2011: 31.7%2012: 33.5%2013: 36%2014: 37.9%2015: 38.8%2016: 39.1%2017: 38%2018: 37.9%2019: 39.7%2020: 45.9%2021: 48%2022: 49.8%2023: 50.5%2024: 49.7%2025: 52.3%2026: 54.4%2027: 56.6%2028: 58.5%2029: 60.1%2030: 61.7%2031: 63.1%
Change over the period: +50.3 pp Annual average: 1.23 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: South Korea

South Korea 63.1%
World computed 102.5%
East Asia & Pacific computed 113.3%
Eastern Asia computed 126.5%
High-income countries computed 108.6%
Government debt — South Korea, by year South Korea All countries CSV XLSX
Year % Change, pp
2031 63.1 +1.4 pp
2030 61.7 +1.6 pp
2029 60.1 +1.6 pp
2028 58.5 +1.9 pp
2027 56.6 +2.2 pp
2026 54.4 +2.1 pp
2025 52.3 +2.6 pp
2024 49.7 −0.8 pp
2023 50.5 +0.7 pp
2022 49.8 +1.8 pp
2021 48 +2.1 pp
2020 45.9 +6.2 pp
2019 39.7 +1.8 pp
2018 37.9 −0.1 pp
2017 38 −1.1 pp
2016 39.1 +0.3 pp
2015 38.8 +0.9 pp
2014 37.9 +1.9 pp
2013 36 +2.5 pp
2012 33.5 +1.8 pp
2011 31.7 +3.4 pp
2010 28.3 −0.5 pp
2009 28.8 +2.9 pp
2008 25.9 −0.4 pp
2007 26.3 −0.7 pp
2006 27 +2.1 pp
2005 24.9 +3.3 pp
2004 21.6 +2.5 pp
2003 19.1 +2.7 pp
2002 16.4 −0.2 pp
2001 16.6 +0.5 pp
2000 16.1 +0.3 pp
1999 15.8 +2 pp
1998 13.8 +4.1 pp
1997 9.7 +1.9 pp
1996 7.8 −0.7 pp
1995 8.5 −1.1 pp
1994 9.6 −1.3 pp
1993 10.9 −0.7 pp
1992 11.6 −0.3 pp
1991 11.9 −0.9 pp
1990 12.8

Eastern Asia, 2031

The same indicator for neighboring countries — with links to their pages

About the indicator

Gross general government debt as a percent of GDP from the IMF World Economic Outlook database: all liabilities that require future payments of interest and/or principal. It covers the central government, regional and local budgets and extrabudgetary funds where the data allow. The threshold of 60% of GDP is used in the EU Maastricht criteria as a benchmark of sustainability.

Important: The coverage of the government sector differs between countries; when levels are compared, it matters whether regional budgets are included.

Source: World Economic Outlook (IMF), license IMF open data.