South Korea recorded a Government Debt to GDP of 46.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - South Korea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Korea Government Debt: % of GDP

• South Korea Government debt accounted for 47.0 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 45.7 % in the previous quarter.
• South Korea government debt to GDP ratio data is updated quarterly, available from Sep 2002 to Jun 2025.
• The data reached an all-time high of 47.0 % in Jun 2025 and a record low of 15.3 % in Mar 2003.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance and Economy provides Government Debt in local currency. The Bank of Korea provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about South Korea Government Debt: % of GDP

• In the latest reports, South Korea National Government Debt reached 896.3 USD bn in Sep 2025.
• The country's Nominal GDP reached 471.9 USD bn in Jun 2025.

The national debt in South Korea was forecast to continuously increase between 2024 and 2030 by in total ****** billion U.S. dollars (+***** percent). After the tenth consecutive increasing year, the national debt is estimated to reach **** trillion U.S. dollars and therefore a new peak in 2030. Notably, the national debt was continuously increasing over the past years.The indicator describes the general government gross debt which consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future.Find more key insights for the national debt in countries like Japan, China, and Hong Kong SAR China.

External Debt in South Korea increased to 738080.90 USD Million in the third quarter of 2025 from 735572.70 USD Million in the second quarter of 2025. This dataset provides - South Korea External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Korea Household Debt: % of GDP

• South Korea household debt accounted for 92.7 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 92.5 % in the previous quarter.
• South Korea household debt to GDP ratio is updated quarterly, available from Dec 2002 to Jun 2025.
• The data reached an all-time high of 101.9 % in Sep 2021 and a record low of 61.4 % in Mar 2005.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Bank of Korea provides Household Debt in local currency and Nominal GDP in local currency, based on SNA 2008. Household Debt includes NPISH. Household Debt prior to Q4 2008 is based on SNA 1993.


Related information about South Korea Household Debt: % of GDP

• In the latest reports, South Korea Household Debt reached 1,776.8 USD bn in Jun 2025.
• Money Supply M2 in South Korea increased 8.9 % YoY in Sep 2025.
• South Korea Foreign Exchange Reserves was measured at 403.9 USD bn in Oct 2025.
• The Foreign Exchange Reserves equaled 7.5 Months of Import in Oct 2025.
• South Korea Domestic Credit reached 3,612.9 USD bn in Sep 2025, representing an increased of 6.5 % YoY.
• The country's Non Performing Loans Ratio stood at 0.5 % in Sep 2025, compared with the ratio of 0.4 % in the previous quarter.

In 2023, South Korea's national debt accounted for approximately 46.9 percent of the country's gross domestic product (GDP), which was a slight increase from about 45.9 percent in the previous year. The debt-to-GDP ratio of South Korea has been slowly but steadily increasing over the years. With the implementation of emergency relief funds and increased government spending during the COVID-19 outbreak in 2020, it was expected that the debt ratio would continue to grow in the future.

Graph and download economic data for Household Debt to GDP for Republic of Korea (HDTGPDKRQ163N) from Q4 2005 to Q2 2024 about Korea, debt, households, and GDP.

Key information about South Korea National Government Debt

• South Korea National Government Debt reached 896.3 USD bn in Sep 2025, compared with 900.2 USD bn in the previous quarter.
• South Korea National Government Debt data is updated quarterly, available from Sep 2002 to Sep 2025.
• The data reached an all-time high of 900.2 USD bn in Jun 2025 and a record low of 99.9 USD bn in Sep 2002.

CEIC calculates quarterly Government Debt from monthly Government Debt and converts it into USD. Statistics Korea provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Central Government only. Government Deb prior to Q1 2014 is calculated from quarterly Government Debt.


Related information about South Korea National Government Debt

• In the latest reports, South Korea Consolidated Fiscal Balance recorded a deficit equal to 1.4 % of its Nominal GDP in Jun 2025.
• The country's Government debt accounted for 47.0 % of its Nominal GDP in Jun 2025.
• South Korea Nominal GDP reached 471.9 USD bn in Jun 2025.

Private Debt to GDP in South Korea decreased to 163 percent in 2024 from 166.80 percent in 2023. This dataset provides - South Korea Private Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) of South Korea was 49.82 percent in 2024. Between 1990 and 2024, the ratio rose by 37.03 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by 14.47 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

In 2023, South Korean households' debt-to-gross disposable income ratio was about 186.5 percent. This ratio has been on an overall upward trend over the past few years. Household debt mainly includes loans, primarily home mortgages, and other types of liabilities such as consumer credit (e.g., credit card debt, automobile loans). A ratio above 100 percent indicates that the debt owed is greater than the annual disposable income. According to the source, South Korea had one of the highest household debt-to-income ratios among OECD countries in 2023.

Graph and download economic data for General government gross debt for Korea (GGGDTAKRA188N) from 1990 to 2023 about Korea, debt, gross, and government.

Households Debt in South Korea decreased to 89.50 percent of GDP in the first quarter of 2025 from 89.60 percent of GDP in the fourth quarter of 2024. This dataset provides - South Korea Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Korea External Debt

• South Korea External Debt reached 738.1 USD bn in Sep 2025, compared with 735.6 USD bn in the previous quarter.
• South Korea External Debt: USD mn data is updated quarterly, available from Dec 1994 to Sep 2025.
• The data reached an all-time high of 738.1 USD bn in Sep 2025 and a record low of 80.9 USD bn in Dec 1994.

Related information about South Korea External Debt

• In the latest reports of South Korea, Current Account recorded a surplus of 7.6 USD bn in Sep 2025.
• Foreign Direct Investment (FDI) increased by 1.8 USD bn in Sep 2025.
• South Korea Direct Investment Abroad expanded by 5.7 USD bn in Sep 2025.
• Its Foreign Portfolio Investment increased by 17.0 USD bn in Sep 2025.
• The country's Nominal GDP was reported at 471.9 USD bn in Jun 2025.

Historical dataset showing South Korea debt to gdp ratio by year from 1990 to 2023.

Household debt to GDP, in percent in South Korea, March, 2025 The most recent value is 89.5 percent as of March 2025, a decline compared to the previous value of 89.6 percent. Historically, the average for South Korea from March 1999 to March 2025 is 73.23 percent. The minimum of 43.5 percent was recorded in December 1999, while the maximum of 99.1 percent was reached in September 2021. | TheGlobalEconomy.com

Yearly (annual) dataset of the South Korea Debt to GDP Ratio, including historical data, latest releases, and long-term trends from 1991-12-31 to 2024-12-31. Available for free download in CSV format.

Historical dataset showing South Korea external debt by year from N/A to N/A.

Key information about South Korea Debt Service Ratio: Households

• South Korea Debt Service Ratio: Households was reported at 11.500 % in Mar 2025
• This records a decrease from the previous number of 11.600 % for Dec 2024
• South Korea Debt Service Ratio: Households data is updated quarterly, averaging 1,387,502.684 % from Mar 1999 to Mar 2025, with 105 observations
• The data reached an all-time high of 2,985,888.479 % in Dec 2024 and a record low of 466,216.832 % in Dec 1995
• South Korea Debt Service Ratio: Households data remains active status in CEIC and is reported by Bank for International Settlements
• The data is categorized under World Trend Plus’s Association: Banking Sector – Table RC.BIS.DSR: G2 Households (HH) and Non-Profit Institution Serving Households (NPISHs): Quarterly

Debt service ratios for private non-financial sector in South Korea, March, 2025 The most recent value is 20.2 percent as of Q1 2025, a decline compared to the previous value of 20.3 percent. Historically, the average for South Korea from Q1 2000 to Q1 2025 is 18.28 percent. The minimum of 15.3 percent was recorded in Q4 2004, while the maximum of 21.6 percent was reached in Q3 2023. | TheGlobalEconomy.com