Gross debt, General government, Percent of GDP in Republic of Korea
Republic of Korea: Gross debt, General government, Percent of GDP was 63.15 in 2031. ◆ Volatile
Gross debt, General government, Percent of GDP in Republic of Korea, 1990–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross debt, general government, percent of gdp in Republic of Korea is 63.15, measured in 2031. That is the highest value across all 42 years on record.
The figure is up 2.3% on the previous year and up 31.6% over ten years.
Over the whole period, gross debt, general government, percent of gdp in Republic of Korea peaked at 63.15 in 2031 and was at its lowest, 7.81, in 1996.
That places Republic of Korea 10th out of 26 countries with data for 2031, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross debt, General government, Percent of GDP in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 12.79 | — |
| 1991 | 11.93 | -6.7% |
| 1992 | 11.65 | -2.4% |
| 1993 | 10.86 | -6.7% |
| 1994 | 9.63 | -11.3% |
| 1995 | 8.48 | -11.9% |
| 1996 | 7.81 | -7.9% |
| 1997 | 9.69 | +24.1% |
| 1998 | 13.82 | +42.5% |
| 1999 | 15.76 | +14.1% |
| 2000 | 16.09 | +2.1% |
| 2001 | 16.63 | +3.3% |
| 2002 | 16.44 | -1.1% |
| 2003 | 19.1 | +16.2% |
| 2004 | 21.6 | +13.1% |
| 2005 | 24.92 | +15.3% |
| 2006 | 27.04 | +8.5% |
| 2007 | 26.35 | -2.6% |
| 2008 | 25.86 | -1.9% |
| 2009 | 28.79 | +11.3% |
| 2010 | 28.27 | -1.8% |
| 2011 | 31.7 | +12.1% |
| 2012 | 33.54 | +5.8% |
| 2013 | 36.01 | +7.4% |
| 2014 | 37.87 | +5.2% |
| 2015 | 38.84 | +2.6% |
| 2016 | 39.14 | +0.8% |
| 2017 | 38.01 | -2.9% |
| 2018 | 37.85 | -0.4% |
| 2019 | 39.73 | +5.0% |
| 2020 | 45.92 | +15.6% |
| 2021 | 47.99 | +4.5% |
| 2022 | 49.8 | +3.8% |
| 2023 | 50.54 | +1.5% |
| 2024 | 49.7 | -1.7% |
| 2025 | 52.25 | +5.1% |
| 2026 | 54.44 | +4.2% |
| 2027 | 56.58 | +3.9% |
| 2028 | 58.5 | +3.4% |
| 2029 | 60.11 | +2.8% |
| 2030 | 61.71 | +2.7% |
| 2031 | 63.15 | +2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.24 | 7.81 | 15.76 | 10 |
| 2000s | 22.28 | 16.09 | 28.79 | 10 |
| 2010s | 36.1 | 28.27 | 39.73 | 10 |
| 2020s | 52.58 | 45.92 | 60.11 | 10 |
| 2030s | 62.43 | 61.71 | 63.15 | 2 |
Countries ranked near Republic of Korea
More external debt data for Republic of Korea
- Net financial flows, IDA 0 NFL, current US$ (2015)
- Net financial flows, IDA (NFL, current US$), per capita 0 NFL, current US$ per person (2015)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0 NFL, current US$ per US$ of GDP (2015)
- Net financial flows, IBRD 0 NFL, current US$ (2016)
- Net financial flows, IDA (NFL, current US$), per square kilometre 0 NFL, current US$ per square kilometre (2015)
- Net financial flows, IDA (NFL, current US$), annual growth rate 100 % change on previous year (2010)
- Net financial flows, IBRD (NFL, current US$), annual growth rate 100 % change on previous year (2014)
- Other investment, Debt instruments 309.08 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 7.57 % change on previous year (2025)
- Other investment, Debt instruments, Deposit taking corporations 188.50 billion US dollar (2025)
Frequently asked questions
- What is gross debt, general government, percent of gdp in Republic of Korea?
- Gross debt, general government, percent of gdp in Republic of Korea was 63.15 in 2031, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of gdp recorded in Republic of Korea?
- The highest recorded value was 63.15 in 2031.
- What is the lowest gross debt, general government, percent of gdp recorded in Republic of Korea?
- The lowest recorded value was 7.81 in 1996.
- How does Republic of Korea rank for gross debt, general government, percent of gdp?
- Republic of Korea ranks 10th out of 26 countries with data for 2031.
- Is gross debt, general government, percent of gdp rising or falling in Republic of Korea?
- Over the last ten years it is up 31.6%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.