{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"kr-government-debt-gdp","url":"https://apiardata.com/statistics/kr-government-debt-gdp","html_url":"https://apiardata.com/statistics/kr-government-debt-gdp/","title":"South Korea Central Government Debt (% of GDP) (2024)","description":"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.","domain":"macro","category":"Economy & Macro","keywords":["Economy & Macro","World Bank","South Korea","2024"],"publisher":"World Bank","frequency":"Annual","geography":"South Korea","temporal_coverage":"1990/2024","unit":"% of GDP","last_updated":"2026-07-26","last_updated_text":"26 July 2026","data_as_of":"2024","variable_measured":"South Korea Central Government Debt (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/GC.DOD.TOTL.GD.ZS?locations=KR"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"1990–2024"},{"label":"Observations","value":"21"},{"label":"Geography","value":"South Korea"},{"label":"Last updated","value":"26 July 2026"}],"kpis":[{"label":"South Korea (2024)","value":"47.8","unit":"% of GDP","trend":{"direction":"down","value":"-0.8pp YoY"}},{"label":"YoY Change","value":"-0.8pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"21","unit":"years of data"}],"series":[{"key":"value","label":"South Korea Central Government Debt (% of GDP)"}],"observation_count":21,"observations":[{"period":"1990","value":7.22113697955519},{"period":"1991","value":9.93619504178387},{"period":"1992","value":9.68344217619626},{"period":"1993","value":8.90471239173119},{"period":"1994","value":7.91331663708199},{"period":"1995","value":6.97432545068181},{"period":"1996","value":6.63432383740304},{"period":"1997","value":8.39336880153862},{"period":"2012","value":31.0184112293818},{"period":"2013","value":33.3707589515616},{"period":"2014","value":34.8171173128439},{"period":"2015","value":35.7105611200011},{"period":"2016","value":36.1498684786294},{"period":"2017","value":35.4459831845843},{"period":"2018","value":35.5200546750178},{"period":"2019","value":37.6954834097738},{"period":"2020","value":43.775799174588},{"period":"2021","value":45.8328934501884},{"period":"2022","value":47.6110651856141},{"period":"2023","value":48.5543799702909},{"period":"2024","value":47.8141426119509}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"Change"}],"rows":[{"year":"2024","value":"47.8","yoyChange":"-0.8pp"},{"year":"2023","value":"48.6","yoyChange":"+1pp"},{"year":"2022","value":"47.6","yoyChange":"+1.8pp"},{"year":"2021","value":"45.8","yoyChange":"+2pp"},{"year":"2020","value":"43.8","yoyChange":"+6.1pp"},{"year":"2019","value":"37.7","yoyChange":"+2.2pp"},{"year":"2018","value":"35.5","yoyChange":"+0.1pp"},{"year":"2017","value":"35.4","yoyChange":"-0.7pp"},{"year":"2016","value":"36.1","yoyChange":"+0.4pp"},{"year":"2015","value":"35.7","yoyChange":"+0.9pp"},{"year":"2014","value":"34.8","yoyChange":"+1.4pp"},{"year":"2013","value":"33.4","yoyChange":"+2.4pp"},{"year":"2012","value":"31.0","yoyChange":"+22.6pp"},{"year":"1997","value":"8.4","yoyChange":"+1.8pp"},{"year":"1996","value":"6.6","yoyChange":"-0.4pp"},{"year":"1995","value":"7.0","yoyChange":"-0.9pp"},{"year":"1994","value":"7.9","yoyChange":"-1.0pp"},{"year":"1993","value":"8.9","yoyChange":"-0.8pp"},{"year":"1992","value":"9.7","yoyChange":"-0.2pp"},{"year":"1991","value":"9.9","yoyChange":"+2.7pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"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."},{"question":"How current is this data?","answer":"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)."},{"question":"What is the long-term trend?","answer":"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."}]}