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South Korea: Government debt

Millions of local currency · 1911–2024 · 101 observations · forecasts to 2031 · govdebt

2024
1,270 trillionlocal currency
Change on 2023
+4.4%year on year
Average growth, 2014–2024
+7.4%a year

Government debt

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10M1B100B10T1,000T192019401960198020002020South KoreaSouth Korea
ForecastLocal currency

Compare with other countries →Definition of Government debt

Recent values

Millions of local currency

YearValue
20312,252,412,878Forecast
20302,116,690,143Forecast
20291,983,712,464Forecast
20281,853,351,261Forecast
20271,720,860,098Forecast
20261,600,325,952Forecast
20251,391,112,644Forecast
20241,270,771,872
20231,217,320,384
20221,157,193,289
20211,066,247,731
2020945,145,961
2019810,726,395
2018759,720,498
2017735,230,343
2016717,511,684
2015676,163,594

Sources

This series is derived from other GMD variables.

South Korea documentation (PDF)

More for South Korea

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

Government debt elsewhere

United StatesChinaJapanGermanyUnited KingdomFrance

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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