South Korea recorded a Government Debt to GDP of 46.90 percent of the country's Gross Domestic Product in 2021. source: Ministry of Strategy and Finance, South Korea

Government Debt to GDP in South Korea averaged 25.14 percent of GDP from 1990 until 2021, reaching an all time high of 46.90 percent of GDP in 2021 and a record low of 8.24 percent of GDP in 1996. This page provides - South Korea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Debt to GDP - values, historical data and charts - was last updated on December of 2022.

Government Debt to GDP in South Korea is expected to reach 50.00 percent of GDP by the end of 2022, 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 53.00 percent of GDP in 2023, according to our econometric models.

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South Korea Government Debt to GDP

Related Last Previous Unit Reference
Government Debt to GDP 46.90 42.60 percent of GDP Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
46.90 42.60 46.90 8.24 1990 - 2021 percent of GDP Yearly