South Korea Central Government Debt (% of GDP) (2023)
South Korea's Central Government Debt (% of GDP): 48.6 % of GDP in 2023, +0.9pp YoY. World Bank (GC.DOD.TOTL.GD.ZS), 1990–2023.
South Korea (2023)
48.6
% of GDP
+0.9pp YoY
YoY Change
+0.9pp
percentage points
Trend
up
Series length
20
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2023 | 48.6 | +0.9pp |
| 2022 | 47.6 | +1.8pp |
| 2021 | 45.8 | +2.1pp |
| 2020 | 43.8 | +6.1pp |
| 2019 | 37.7 | +2.2pp |
| 2018 | 35.5 | +0.1pp |
| 2017 | 35.5 | -0.7pp |
| 2016 | 36.2 | +0.4pp |
| 2015 | 35.7 | +0.9pp |
| 2014 | 34.8 | +1.5pp |
| 2013 | 33.4 | +2.4pp |
| 2012 | 31 | +22.6pp |
| 1997 | 8.4 | +1.8pp |
| 1996 | 6.6 | -0.3pp |
| 1995 | 7 | -0.9pp |
| 1994 | 7.9 | -1pp |
| 1993 | 8.9 | -0.8pp |
| 1992 | 9.7 | -0.3pp |
| 1991 | 9.9 | +2.7pp |
| 1990 | 7.2 | n/a |
About this Dataset
South Korea recorded 48.6 % of GDP in 2023. The most recent year-on-year change was +0.9pp. The historical series (1990–2023) shows a peak of 48.6 in 2023 and a trough of 6.6 in 1996.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks south korea central government debt (% of gdp) in South Korea, published by World Bank. Data covers 1990–2023 at annual frequency using harmonised methodology.
The most recent observation covers 2023. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
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 48.6 in 2023 represents a year-on-year change of +0.9pp.