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South Korea: Central government debt (% of GDP)

Percent of GDP · 1911–2024 · 101 observations · forecasts to 2026 · cgovdebt_GDP

2024
44.8%percent of GDP
Change on 2023
−0.7 pointsfrom 45.5%
Average, 2015–2024
38.0%10 years
Record high and low
45.5% (2023)low 2.71% (1968)

Central government debt (% of GDP)

Report error
0%10%20%30%40%50%192019401960198020002020South KoreaSouth Korea
ForecastPercent of GDP

Compare with other countries →Definition of Central government debt (% of GDP)

Recent values

Percent of GDP

YearValue
202647.7Forecast
202546.0Forecast
202444.8
202345.5
202244.5
202142.3
202039.8
201934.3
201832.5
201732.4
201632.3
201532.0

Sources

  • Cha et al.1911–2015
  • Reinhart & Rogoff1913–2010
  • IMF Global Debt Database1958–2024
  • WDI (archive)1970–1997
  • World Development Indicators1990–2024
  • Min. of Economy and Finance, Korea2017–2024

Compare these sources →

South Korea documentation (PDF)

More for South Korea

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

Central government debt (% of GDP) elsewhere

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Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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