Net debt, General government, Percent of GDP in Republic of Korea

Republic of Korea: Net debt, General government, Percent of GDP was 12.88 in 2030. ◆ Volatile

Latest (2030)
12.88
Change on year
up 4.8%
World rank
81st
of 90 countries
All-time high
12.88
in 2030
All-time low
-2.7
in 2013
Years of data
18
2013–2030

Net debt, General government, Percent of GDP in Republic of Korea, 2013–2030

-50510152013202120302013: -2.72014: -2.62015: -1.12016: -0.7152017: -0.6822018: -2.52019: -1.52020: 2.22021: 2.72022: 6.22023: 7.42024: 7.82025: 9.32026: 10.32027: 10.92028: 11.62029: 12.32030: 12.9

Source: International Monetary Fund.

Analysis

The most recent figure for net debt, general government, percent of gdp in Republic of Korea is 12.88, measured in 2030. That is the highest value across all 18 years on record.

That represents a change of up 4.8% on the previous year and up 495.2% over ten years.

Over the whole period, net debt, general government, percent of gdp in Republic of Korea peaked at 12.88 in 2030 and was at its lowest, -2.7, in 2013.

Republic of Korea ranks 81st of 90 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Net debt, General government, Percent of GDP in Republic of Korea, year by year

Annual values for Net debt, General government, Percent of GDP in Republic of Korea, 2013 to 2030.
Year Value Change
2013 -2.7
2014 -2.63 -2.9%
2015 -1.11 -57.8%
2016 -0.715 -35.5%
2017 -0.6818 -4.6%
2018 -2.49 +265.3%
2019 -1.53 -38.5%
2020 2.16 -241.3%
2021 2.65 +22.5%
2022 6.18 +133.1%
2023 7.4 +19.7%
2024 7.81 +5.6%
2025 9.3 +19.0%
2026 10.26 +10.4%
2027 10.9 +6.2%
2028 11.59 +6.4%
2029 12.29 +6.0%
2030 12.88 +4.8%

Averages by decade

DecadeAverage LowestHighest Years
2010s -1.69 -2.7 -0.6818 7
2020s 8.05 2.16 12.29 10
2030s 12.88 12.88 12.88 1

Countries ranked near Republic of Korea

  1. 78 Djibouti 17.31 compare
  2. 79 Canada 15.87 compare
  3. 80 Sweden 15.01 compare
  4. 82 Switzerland 12.28 compare
  5. 83 Cyprus 12.03 compare
  6. 84 Taiwan 7.96 compare

See the full ranking of 105 places →

More external debt data for Republic of Korea

All data for Republic of Korea →

Frequently asked questions

What is net debt, general government, percent of gdp in Republic of Korea?
Net debt, general government, percent of gdp in Republic of Korea was 12.88 in 2030, according to International Monetary Fund.
What is the highest net debt, general government, percent of gdp recorded in Republic of Korea?
The highest recorded value was 12.88 in 2030.
What is the lowest net debt, general government, percent of gdp recorded in Republic of Korea?
The lowest recorded value was -2.7 in 2013.
How does Republic of Korea rank for net debt, general government, percent of gdp?
Republic of Korea ranks 81st out of 90 countries with data for 2030.
Is net debt, general government, percent of gdp rising or falling in Republic of Korea?
Over the last ten years it is up 495.2%. 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 Net debt, General government, Percent of GDP. Statizoid updates them automatically from the source API.

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Net debt, General government, Percent of GDP in Republic of Korea. Statizoid, drawing on International Monetary Fund. Retrieved 29 August 2026, from https://debt.statizoid.com/stat/net-debt-general-government-percent-of-gdp/korea-rep/

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About this data

Indicator
Net debt, General government, Percent of GDP
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
105 places, 3,406 data points, 1991–2030
Last refreshed

Fiscal Monitor (FM) 2025 October