The national debt in South Korea was forecast to continuously increase between 2024 and 2030 by in total 373.35 billion U.S. dollars (+38.64 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 1.34 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 683423.20 USD Million in the first quarter of 2025 from 672902.90 USD Million in the fourth quarter of 2024. This dataset provides - South Korea External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

International debt issues to GDP (%) in South Korea was reported at 13.8 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Korea - International debt issues to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about South Korea Household Debt: % of GDP

• South Korea household debt accounted for 93.7 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 93.9 % in the previous quarter.
• South Korea household debt to GDP ratio is updated quarterly, available from Dec 2002 to Sep 2024.
• The data reached an all-time high of 101.9 % in Sep 2021 and a record low of 61.4 % in Mar 2005.

• In the latest reports, South Korea Household Debt reached 1,742.9 USD bn in Mar 2023.
• Money Supply M2 in South Korea increased 6.7 % YoY in Sep 2024.
• South Korea Foreign Exchange Reserves was measured at 391.9 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 7.1 Months of Import in Dec 2024.
• South Korea Domestic Credit reached 3,624.4 USD bn in Sep 2024, representing an increased of 5.3 % YoY.
• The country's Non Performing Loans Ratio stood at 0.4 % in Sep 2024, compared with the ratio of 0.4 % in the previous quarter.

In 2024, the value of household debt in South Korea amounted to about ***** million South Korean won, slightly down from about ***** million South Korean won in the previous year. Household debt in South Korea has risen steadily in recent years.

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.

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.

Graph and download economic data for Household Debt to GDP for Republic of Korea (HDTGPDKRQ163N) from Q4 2005 to Q1 2023 about Korea, debt, households, and GDP.

Key information about South Korea Government Debt: % of GDP

• South Korea Government debt accounted for 45.7 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 46.1 % in the previous quarter.
• South Korea government debt to GDP ratio data is updated quarterly, available from Sep 2002 to Sep 2024.
• The data reached an all-time high of 46.4 % in Sep 2023 and a record low of 15.3 % in Mar 2003.

• In the latest reports, South Korea National Government Debt reached 873.5 USD bn in Sep 2024.
• The country's Nominal GDP reached 429.2 USD bn in Mar 2023.

Households Debt in South Korea decreased to 90.10 percent of GDP in the fourth quarter of 2024 from 90.70 percent of GDP in the third quarter of 2024. This dataset provides - South Korea Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Outstanding Total International Debt Securities to GDP for Republic of Korea (DDDM07KRA156NWDB) from 1983 to 2020 about issues, Korea, debt, and GDP.

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.

Key information about South Korea External Debt

• South Korea External Debt reached 670.0 USD bn in Dec 2024, compared with 702.7 USD bn in the previous quarter.
• South Korea External Debt: USD mn data is updated quarterly, available from Dec 1994 to Dec 2024.
• The data reached an all-time high of 702.7 USD bn in Sep 2024 and a record low of 80.9 USD bn in Dec 1994.

• In the latest reports of South Korea, Current Account recorded a surplus of 9.6 USD bn in Dec 2024.
• Foreign Direct Investment (FDI) increased by 2.6 USD bn in Jun 2023.
• South Korea Direct Investment Abroad expanded by 7.0 USD bn in Dec 2024.
• Its Foreign Portfolio Investment fell by 4.9 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 429.2 USD bn in Mar 2023.

Graph and download economic data for Net Issues of International Debt Securities for Issuers in Other Financial Corporations, All Maturities, Nationality of Issuer in Korea (DISCONTINUED) (IDSGFCAMNINIKR) from Q3 1992 to Q2 2015 about issues, finance companies, Korea, companies, finance, maturity, financial, debt, securities, and Net.

Graph and download economic data for Net Issues of International Debt Securities for Issuers in Financial Institutions Sector (Banks), All Maturities, Residence of Issuer in Korea (DISCONTINUED) (IDSBMRINIKR) from Q1 1987 to Q2 2015 about issues, Korea, sector, maturity, financial, debt, residents, securities, Net, banks, and depository institutions.

Graph and download economic data for Net Issues of International Debt Securities for Issuers in General Government Sector, All Maturities, Nationality of Issuer in Korea (DISCONTINUED) (IDSGGGAMNINIKR) from Q4 1993 to Q3 2014 about issues, Korea, sector, maturity, debt, securities, Net, and government.

Graph and download economic data for Net Issues of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Korea (IDSGAMRINIKR) from Q2 1983 to Q4 2024 about issues, Korea, sector, maturity, debt, residents, securities, Net, and government.

korea - Net Issues of International Debt Securities for All Issuers, All Maturities, Nationality of Issuer in Korea was 2728.00000 Mil. of US $ in January of 2025, according to the United States Federal Reserve. Historically, korea - Net Issues of International Debt Securities for All Issuers, All Maturities, Nationality of Issuer in Korea reached a record high of 12667.00000 in April of 2022 and a record low of -8121.00000 in October of 2008. Trading Economics provides the current actual value, an historical data chart and related indicators for korea - Net Issues of International Debt Securities for All Issuers, All Maturities, Nationality of Issuer in Korea - last updated from the United States Federal Reserve on July of 2025.

korea - Net Issues of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Korea was 292.00000 Mil. of US $ in October of 2024, according to the United States Federal Reserve. Historically, korea - Net Issues of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Korea reached a record high of 4000.00000 in April of 1998 and a record low of -3000.00000 in April of 2008. Trading Economics provides the current actual value, an historical data chart and related indicators for korea - Net Issues of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Korea - last updated from the United States Federal Reserve on July of 2025.

Korea Gross External Debt: Central Bank: Short Term data was reported at 9.756 USD bn in Jun 2018. This records a decrease from the previous number of 9.922 USD bn for Mar 2018. Korea Gross External Debt: Central Bank: Short Term data is updated quarterly, averaging 8.199 USD bn from Mar 1998 (Median) to Jun 2018, with 82 observations. The data reached an all-time high of 21.893 USD bn in Mar 2009 and a record low of 684.630 USD mn in Mar 1998. Korea Gross External Debt: Central Bank: Short Term data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: QEDS: Gross External Debt: by Sector and Instrument.