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South Korea: Government debt (% of GDP)

Percent of GDP · 1911–2024 · 101 observations · forecasts to 2031 · govdebt_GDP

2024
49.7%percent of GDP
Change on 2023
−0.8 pointsfrom 50.5%
Average, 2015–2024
43.8%10 years
Record high and low
50.5% (2023)low 2.85% (1969)

Government debt (% of GDP)

Report error
0%10%20%30%40%50%60%70%192019401960198020002020South KoreaSouth Korea
ForecastPercent of GDP

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

Recent values

Percent of GDP

YearValue
203163.1Forecast
203061.7Forecast
202960.1Forecast
202858.5Forecast
202756.6Forecast
202654.4Forecast
202552.3Forecast
202449.7
202350.5
202249.8
202148.0
202045.9
201939.7
201837.9
201738.0
201639.1
201538.8

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 rateCurrent account (% of GDP)All 76 series →

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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