South Korea recorded a government debt equivalent to 36.60 percent of the country's Gross Domestic Product in 2018. 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. source: Ministry of Strategy and Finance, South Korea

Government Debt to GDP in South Korea is expected to be 39.00 percent by the end of this quarter, 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 40.50 percent in 2020, according to our econometric models.

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South Korea Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
36.60 36.30 39.90 8.24 1990 - 2018 percent Yearly

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.

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.60 36.30 39.90 8.24 percent [+]
Government Budget -1.60 -1.10 3.47 -4.10 percent of GDP [+]
Government Budget Value -7906.00 -11394.00 42914.00 -38492.00 KRW Billion [+]
Government Spending 76796.50 75743.40 76796.50 2742.81 KRW Billion [+]
Government Revenues 409618.00 382629.00 438262.00 14987.00 KRW Billion [+]
Fiscal Expenditure 417525.00 394024.00 417525.00 7012.00 KRW Billion [+]
Credit Rating 86.00 [+]
Military Expenditure 41157.00 39171.00 41157.00 190.00 USD Million [+]
Asylum Applications 839.00 1059.00 2260.00 1.00 Persons [+]
Government Spending To GDP 32.26 32.30 34.90 18.60 percent [+]