South Korea Central Government Debt (% of GDP) (2024)
South Korea's Central Government Debt (% of GDP): 47.8 % of GDP in 2024, -0.8pp YoY. World Bank (GC.DOD.TOTL.GD.ZS), 1990–2024.
South Korea (2024)
47.8
% of GDP
-0.8pp YoY
YoY Change
-0.8pp
percentage points
Trend
down
Series length
21
years of data
Data
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 47.8 | -0.8pp |
| 2023 | 48.6 | +1pp |
| 2022 | 47.6 | +1.8pp |
| 2021 | 45.8 | +2pp |
| 2020 | 43.8 | +6.1pp |
| 2019 | 37.7 | +2.2pp |
| 2018 | 35.5 | +0.1pp |
| 2017 | 35.4 | -0.7pp |
| 2016 | 36.1 | +0.4pp |
| 2015 | 35.7 | +0.9pp |
| 2014 | 34.8 | +1.4pp |
| 2013 | 33.4 | +2.4pp |
| 2012 | 31 | +22.6pp |
| 1997 | 8.4 | +1.8pp |
| 1996 | 6.6 | -0.4pp |
| 1995 | 7 | -0.9pp |
| 1994 | 7.9 | -1pp |
| 1993 | 8.9 | -0.8pp |
| 1992 | 9.7 | -0.2pp |
| 1991 | 9.9 | +2.7pp |
About this Dataset
South Korea recorded 47.8 % of GDP in 2024. The latest change was -0.8pp. Across 1990–2024 the series ranges from 6.6 in 1996 to 48.6 in 2023.
This page tracks central government debt as a share of GDP in South Korea from 1990 to present. Government debt levels set the fiscal space for stimulus and directly price sovereign credit risk.
Data sourced from World Bank via Open Data API. Values use World Bank standardised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks central government debt as a share of GDP in South Korea from 1990 to present. Government debt levels set the fiscal space for stimulus and directly price sovereign credit risk. It is published by World Bank and updated annually.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1990–2024 (21 observations).
The series peaked at 48.6 % of GDP in 2023 and reached its lowest recorded value of 6.6 in 1996. The latest reading of 47.8 in 2024 represents a change of -0.8pp.